As a long term brilliant and clever female employee of Cengage Learning I want to vent my frustration. Ever since we've gone to strictly zoom office environments and stay at home work space I'm finding it increasingly difficult if not impossible to accuse any male employees of harassment. How am I going to remain the center of attention, be protected by HR or even get promoted again if I can't do it with the tried and true vehicle of false harassment accusations and attention seeking sympathy ploys? When can we go back to the office and circulate among men so I can get my career on track again???
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IPS is g-d.
First off, I would like to state that it is always my goal to be as transparent as possible. Yes, Cengage Unlimited has been an unmitigated success and activations are up exponentially. However, this is only part of the equation.
While students continue to save millions of dollars due to our entering, and defining, the EdTech space our marketing and product teams deserve some credit for disrupting the industry and delivering a strong message to faculty and students. Our industry is new and as we continue to win market share our “competition” is stuck at the starting gate trying to figure out how to begin the race.
With this being said it’s important to remember that Cengage is about more than being the undisputed leader in EdTech or saving students hundreds of millions of dollars. We are also about our people. We strive to have a diverse workforce and reward marginalized communities. From the allowing Business Integration Manager who spent 15 months in prison for r-ing a child to be in the office on Bring Your Child to Work Day to bringing in rainbow cupcakes for mandatory LGBTQ celebrations to providing time off to watch the historic inauguration of our first woman VP to not doing the same when the racist President was elected.
Our stock rises because we invest in the best and brightest who are not afraid to become disrupters who will stand up make tough decisions, question the status quo and be their own CEO.
In the coming weeks many of you should look for an email from your manager about an important update they need to share with you. Your HR rep will also be joining the call.
Probably has something to do with Pearson saying that their US courseware sales were flat in past qtr. Even though it is an irrelevant qtr as we all know, it will be looked at as a huge positive. Add the fact that the country will be pretty much back to normal by mid-summer and it makes some sense.
But don't kid yourself. It's not like Cengage is about to go on an epic run or find new markets. Cengage isn't going to grow. In fact, if you look its revenues have shrunk close to 40% since Apax bought Thomson Learning. It needs to continue shedding debt and cutting expenses.
Because layoffs are good for short-term profits. It may be a sign more layoffs are coming.
Cengage is the undisputed EdTech leader. There really is no one else that is even close to what we are doing in terms of delivering unparalleled digital learning experiences. The closest anyone has come to describing it is "Netflix for Textbooks." While a 50% stock increase is OK our market cap should be much closer to that of Tesla or Apple. Cengage Unlimited subscriptions have grown by 5,000% and we still have not reached the vast majority of students who live in non-coastal cities and are much further behind culturally compared their counterparts that live in New York or California. Once Cengage Unlimited reaches the heartland we will be well on our way to a $1T valuation.
Cengage's stock is only available to institutional investors who trade in debt or something like that. It's not available to just anyone in the public to purchase. The trades and changes in price are less common than on something like NYSE or NASDAQ. But what such a change means is the same as any other stock change: the investors like what they see. Cengage have not announced their final FY results but will soon.