Anyone hear of “re-orgs” coming to Pearson Virtual Schools? I thought PVS would be safe for now.
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Agree. We all knew it would end like this. The can has been kicked down the road for decades…and the cliff is now clearly within sight.
I think all bets are off, TBH. With TB now announcing his retirement (finally) I think much of Pearson is going to get blown up next year. Going to be hard for many, but necessary for the org unless they plan to sell it for parts.
Either way the coming months will be telling for the long term fate of the company. If it’s a sad ending I’m sure many will have many examples of poor leadership who was unwilling to accept the evident signs that, to succeed in higher Ed, you need to change.
Pearson and the course materials industry needs to explode and rebuild.
Direct to Consumer. bawahahahahs. Yeah because people just LOVE learning. I donate $10 bucks a month to Wikipedia. That’s good enough for me to learn about pretty much anything.
Direct to Consumer had budget cuts last week, just FYI
Anything that’s not DTC is on the block.
The world economy is either entering or already in a contracting phase - recession or depression, depending on duration, severity, and speed. PVS is “safer” than any other BU in Pearson, but as we saw with POLS today, that can change quickly.