Thread regarding Pearson PLC layoffs

Are all separation agreements the same?

3 weeks of current pay for every year up to 52 weeks? Lump sum or over the course of weeks for cobra eligibility? Last day in Jan?

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Post ID: @OP+1jwlTS3H

20 replies (most recent on top)

Wow 3 weeks is a gift. Take it & run. Only offered 2 just a year ago.

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Post ID: @Nhdw+1jwlTS3H

Not if they do not know about you getting another job.

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Post ID: @jipw+1jwlTS3H

Anyone know if with the lump sum you have to pay back if you find a new job?

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Post ID: @jpoe+1jwlTS3H

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!

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Post ID: @aziz+1jwlTS3H

Let's be honest, many of us suspected there was a house cleaning coming the second Chanoff was announced. I survived, but this is a bitter pill for those of us that are left. Facts: he let mismanaged campaigns do a year of poor business, he cut nearly our entire higher education creative and marketing team (hundreds of people), and he kept the ineffective & untrained campaign managers. I can't imagine that will work unless those people are getting some supervision or directives that they inexplicably haven't had for the last few years. This is preparation for a sale.

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Post ID: @7uyb+1jwlTS3H

You better believe this place isn't nice. It's a result of executives who are overpaid with no knowledge of the business and heartless. These great leaders employ management who only drinks kool-aid and will never deviate from their pointless direction. Change, change, change is just a mask for " I dont know what I'm doing, but my bank account shows I'm brilliant every 2 weeks". POLS is about done and dont be surprised if a Pearson sale soon follows. Even though Goofy left Disneyland to be the Ceo here,with only 60% investor backing, he will continue to prosper as he never left the joyful castle. But never forgot about the existence of one main character - "karma"....

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Post ID: @6fjn+1jwlTS3H

@4pdw+1jwlTS3H they don’t do anything to be nice. It must have been mandated or decided on the advice of legal counsel. They only give you 30 days notice because they’re required to by the WARN Act.

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Post ID: @5amk+1jwlTS3H

Anyone care to speculate why they added the lump sum option this round?

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Post ID: @4pdw+1jwlTS3H

Some (in Customer Success anyway) were given a Jan 10 end date. Kind of mean to make them go through back to school onboardings before they go!

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Post ID: @3eon+1jwlTS3H

I'm at 51 weeks on the dot. 17 years and 3 months. Don't know whether to laugh or cry.

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Post ID: @1zpj+1jwlTS3H

"3 weeks is great but if you've been with Pearson for more than 17 years you've had a lot of money taken off your table."

  • 3 weeks per yr , with max 1 yr severance. You've hit the jackpot dude.
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Post ID: @1rha+1jwlTS3H

Companies are not required to give any severance. Traditionally 2 weeks is offered in corporate worlds. So 3 weeks offered is generous.

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Post ID: @cck+1jwlTS3H

3 weeks is great but if you've been with Pearson for more than 17 years you've had a lot of money taken off your table.

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Post ID: @dpk+1jwlTS3H

They won’t entertain a sale with the stock price this “high”. If it’s above $10 a share it’d have to be a massive equity firm who has the resources to do it. If we get below $8-9 again? I wouldn’t be surprised.

At the least 3 weeks for every year is a great deal for those let go— I’m sure many of them are secretly thrilled

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Post ID: @idn+1jwlTS3H

They’ll never give three weeks again. This was one time only. People talking about Pearson getting ready to be sold in 2023.

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Post ID: @fca+1jwlTS3H

3 weeks for every year of service up to a year. Minimum 4 months sev no matter start date. Lump sum option. 30 or 60 day notice depending on state you live in. Volunteers were entertained.

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Post ID: @cha+1jwlTS3H

It is definitely 3 weeks per year. People's end date depends on the individual.

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Post ID: @wri+1jwlTS3H

Teams were offered 3 weeks per year. Unsure about lump sum or paid by week, though I'm interested in that as well. A December date was also given to some.

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Post ID: @skw+1jwlTS3H

3 weeks, I've always heard 2 weeks per year of service??

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Post ID: @ydi+1jwlTS3H

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