Thread regarding Pearson PLC layoffs

It would not shock me if the long term strategy all along was a sale

It is fascinating how these shakeups appear to be significant all around and yet all I hear is “sales really isn’t changing much”. They certainly had their fair share of massive RIFs.

It would not shock me if the long term strategy All along was a sale. Unreachable targets/quotas with no new income streams (that will go down as one of NAHE’s failures) so all the eggs are in a single courseware basket where it’s market is shrinking beyond belief, with no 2008 recession-type skyrockets in enrollment to save Pearson. And I’m sure whoever is the buyer will want things exactly as they are and if they do have to fire people they will be sure to get a great severance package.

Looks like the ones laid off were the winners!

@aziz+1jwlTS3H gets it right.

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Post ID: @OP+1jLUaFQk

5 replies (most recent on top)

Signs in other divisions do point to a sale. Either whole or in part, I can't tell but some of the classic markers are there. It's to be expected that employees are kept in the dark but start viewing changes in priorities through this lens and see what you discover.

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Post ID: @qdil+1jLUaFQk

if you look at where Pearsons revenue is coming from it is mostly older users. New editions are doing beyond terrible, new faculty are adopting our products at much lower rates. We are slowly losing the bulk of our business when instructors retire or a faculty member pushes for OER. We are not filling our revenue bucket with many new users and when they do adopt we don’t go out of our way to provide a great experience. The Pearson way. Pearsons reputation is not great with instructors or students.

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Post ID: @aevi+1jLUaFQk

Yes I noticed that as well. Applause to whoever flat out asked that question. Of course there are no plans to sell NA.

Until of course one day in the future, when there will be plans to sell it. See? Nothing to see here. Everything’s going according to plan.

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Post ID: @3wbw+1jLUaFQk

But TS said NO! So, I guess tHaT’s ThAT!

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Post ID: @1yrv+1jLUaFQk

Well yeah. They need a couple of good quarters coupled with the natural attrition of sales reps and others who realize that they simply cannot make money bc of inflated goals, more work for the same pay and constant hyper-oversight. The machine is broken but the trick is to purport the appearance that it's fixable. The clearance rack is filling up and coupons will be in Sunday's paper.

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Post ID: @1dkt+1jLUaFQk

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