What's your prediction as it relates to the possiblity of Pearson layoffs? Any chatter, news or rumors?
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A lot of Ed Tech companies are rolling out new products. All the sales reps in the world aren’t going stop this ship of dated and unfriendly products to go down the drain.
Most decisions made by enrollment leaders are laughable. The way that part of the business is run, internally and to students, is so indistinguishable from for profit schools at this point. Gives pols a bad rap
We will probably see more layoffs and poor sales. Moral and cultural is heading in the wrong direction. We have a leadership team that doesn’t have much passion or knowledge about our industry and are incredibly bad at inspiring and leading a sales force. Our leaders aren’t going to inspire anyone to go the extra mile. Best thing that could happen is if someone with a good leadership team purchased us.
What's hilarious is POLS is about done but they continue to hire EA's. Business is way down but increase your staff. What a brilliant business decision. This is simply to pad staff numbers so the failed division seems more appealing to a potential buyer.
It sounds like POLS will receive the news after our holiday parties this year. Honestly with the hoops the leadership is making us jump through, I think they want us all to quit and then there are less employees who may need a severance package. The forced metrics system, the accounting for every minute of our time, and the new punishment system...makes me really motivated to work hard. NOT!!! I just need to keep applying for jobs like all my coworkers because what used to be a first class company to work for had become a s**t storm.
How much time are you spending actively pursuing new business, takeaways and business development/customer relationships as opposed to customer service, dealing with students bc our tech is garbage, access codes, IA opp fill outs, service offerings, dealing with bookstore nonsense, subscription management, data entry into that ridiculous onecrm and upward reporting and metrics to managers who have absolutely no clue how to interpret any of the data you send? And let's not forget the continuous stream of online BS "learning" that doesn't apply to you AT ALL. International data management and security? Yeah, ok.
I predict very little “layoffs” in 2023. But a sale is certainly possible. Tom AP jumped at the height the shareholders asked him to when they demanded he deliver the $100 million cuts this year. He did. Stock price jumped.
All it will take is a couple of quarters for the market to realize Pearson has no sales strategy in place that’s not from the 1900’s, there is a professional Services division that offers no services, and our products and tech are from the dark ages. To cap it off they insist on a slow death spiral of North America by continuing to try to sell to faculty exclusively.
Once this is made evident with a low enough share price— offers will be made: investors will demand it’s taken and I’m sure the execs will all gladly take their exit packages and think nothing of the tarnished Pearson name, legacy, or thousands of people whose careers they’ve destroyed over the past decade.
But layoffs? Nooooo let’s talk about our awesome Credly Badges!!!
Do you remember when the Pearson executive team talked about being more like a tech company? They’ve done nothing but chase their own tail and layoff people for the last 7 years while sales go down every year. Same mediocre products and support. What has changed that will encourage customers to want to use our products? Maybe a better question is what will be different in a year or two that will encourage customers to want to use our products?
@3ylw+1jUwh6dv Oh I see, so Pearson should just strive to limit the damage to shareholders, rather than actually trying to build a viable business strategy that will make shareholders money. Makes perfect sense. And here we are.
Pearson has done cuts/reorganizations and whatever else you want to call it all in the name of “doing better to serve our customer” but the customers keep leaving so stop buying this garbage and go do better for yourself! Talented people have so much to offer and this company is a drain on your potential!
@3mas+1jUwh6dv. Good luck with that. It’s just capitalism. Companies are beholden to investors, shareholders and owners. They also only care about the short term. There are very very few companies that actually implement the values/culture you suggest.
The concept that great companies deploy by hiring the best people, training them to become experts, rewarding them properly and making the job so great that they never want to leave is completely lost at Pearson. It's like an ancient cave painting. A foreign language that was written on papyrus. The dead sea scrolls. Unbelievable, inconceivable, and in need of real experts in places of leadership and understanding to fully realize.
#1 isn’t happening.
PSS? What is that department? I think they are trying to eliminate as many employees as possible before selling the entire company.
All PSS kicked off marketing team today. To avoid needing to offer severance, they're just pushing them into nonsense doomed to fail sales hunter roles.