The entire industry is in a crisis, a recession is approaching, and other companies are laying off left and right. I know I'm not the only one who believes that we will be next. Half of my team is already applying for new jobs and planning to leave as soon as they can because they don't want to be here when sh-t hits the fan. I am with them.
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Too many people are leaving on their own accord. Layoffs will be minimum. If the layoffs don't get you the new KPI metrics will
@7uvl+1iN7a5U0 I don’t think it’s a joke. POLS is entertaining a buyout already and looks good (aka profitable) on paper. Hence the jolly quarterly financial meetings.
Finding a buyer is not out of the question. Think venture captitalist. $10 share price should tell you.
As stated below 2U had many layoffs & the smaller companies are the ones supposed to be doing better.
If you read the boards of the competition, you will see the same woes.
Across multiple companies higher ed enrollment is down. 2U laid off employees. The virtual schools enrollment fell short and we missed target (approximately 2000 students) and teachers were laid off. OPMs are frowned upon and are considered horrible leeches. There are numerous articles out there and some are folding up. Get your resume together and make sure you are upskilling yourself.
I’m guessing the post about finding a buyer was a joke but what do you think would happen if someone purchased Pearson?
Pearson will be giving their financial results for the quarter around October 15. This is Pearsons most important quarter for revenue and a lot of people will be looking for signs of a turnaround. Higher Ed is having another terrible quarter and I don’t know if they will be able to spin it with Pearson+ subscriptions. They could announce layoffs during the quarterly reports call to help minimize a big stock drop.
They found a buyer, an announcement is coming soon.
Be grateful to be laid off and not tortured until you quit. My department is torturing until you can't stand it any longer. Laid off can have deference and unemployment. Quitting not so much.
Educational publishing, despite its virtue signaling has been one of the most corrupt business in the US for decades. The large companies are rotten to the core and have been since the 1990s.
Pearson is known as a liar. Google how they lied to their investors about a known data breach and fined by the SEC last year. If you lie to an investor, you'll simply lie to an employee. Every year, Pearson proclaims no job losses within various departments but then layoffs somehow occur. And Pearson has know care how they dispose of any employee. Get ready for some karma...
I agree and I have friends in different departments and the different departments all share different information with the employees. Kind of sad that we are lied to or not told everything in my division.
I wouldn’t be surprised if marketing was dissolved by the end of the year.