I'm on second round of interviews for district manager position in Colorado. Can anyone give me insight into how new merger will alter the landscape? Coming from pharma, new to publishing.
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Here’s the real deal, because it’s obvious many of you have never been through a merger/massive purge at a company before. They are going to cut deep and it’s going to seem senseless because a lot of good people will be walked out. They’re going to do it this way to cover their own rear end because the new company cannot be perceived to be cutting based on age/salary/gender/race etc. Being a high performer does not make you safe because high performers will have to go to hit their quotas. I’ve been through this before and it’s awful. It doesn’t matter if you’ve been with the company 6 months or 40 years. And if you think you’re safe because your a high performer or a manager or recruiter fed you a line, you’re kidding yourself. Trust me when I say the only person whose job is safe at the new McCengage is MH’s.
@Zcr0euj-eqnt I think it's rather clear the obnoxious entitled exclusive membership of the status quo will be eliminated and replaced with fresh leadership and real effective champions who will move the dial forward as it's obvious the heavy fat and slow moving old guys are going to be canned. Why is this so difficult for you to comprehend? You are the problem...
@Zcr0euj-guae I left Cengage and publishing behind a while ago. I’m in a much better (and higher paying) industry now, so no
need for concern. You’re the one walking into the buzzsaw. Good luck!
@Zcr0euj-eqnt I think you're the perfect example of why this organization will be streamlined. You're naive to think you're not disposable in the market we all live. Perhaps you should reset your expectations.
@Zcr0euj-eqnt There's a good chance you'll be walked out the door with the "chaff." And why would you want to work for a company that refers to its employees as disposable? Did you ever stop to think that the people calling their employees chaff are the ones who hired them? What does that say about the organization?
Hahahahaha....and you believed them? Good luck, buddy. You’re going to need it.
@Zcr0euj-cmno Why? They explained in the interview the chaff and dead weight will be trimmed, the organization will be streamlined and effective leadership, sales & marketing and software engineers will be replacing the status quo which has proven to be a complete failure. The offer was quite attractive... It will be like starting with a new innovative fresh company when phase 3 begins.
Run don't walk away. Who in their right mind would take a job in this industry right now?
Blaming your workforce your your company’s woes is a case study in bad leadership 101. When the CEO has been the one constant since 2012, there isn’t anywhere else to place the blame for the company’s abysmal performance.
Good luck. re the culling a new blood comments, that might be good if only the "leadership" was changing. Unfortunately, the same people driving these companies down will still be there. The base level workers are not the problem. It is very sad what happens to companies with poor leadership and industries that don't realize they are in trouble until it is too late. If you are in pharma, I'd suggest staying there or look at Ed Tech, not publishing. If not, ask typewriter sales people how they are doing. or Film sales people....
Anyone who is naive enough to think their job is safe, read 2gdk’s post until it sinks in. MH is going to blame everyone but himself for his awful decision making. I’m predicting 60-70% of the combined MGH/Cengage staffs will be gone as they look for “outside” talent in addition to eliminating redundancies. Luckily I’m closing in on several positions outside of textbook publishing. The entire industry is a sinking ship and it’s only a matter of time until it hits bottom.
I'm also being recruited for a sales management position by this new entity McGraw / Cengage or whatever it's going to be called and have had one interview so far. I was told they're looking at new talent outside the industry and were essentially placing the blame on existing employees long term and short for the decline. I know no one in this industry and was surprised at the perks, salary and compensation being discussed. I've been a manager in medical devices for over ten years and am compensated quite well but what was mentioned to me was very enticing. It appears a massive culling will be occurring soon and they want top tier performers to swoop and radically change the sluggish 'old school environment , practices, marketing, everything... I am invited to second interview, looks exciting, but I'm skeptical since I know this industry is in turmoil. Any advice?
LOL OK, bud. I guess the kool aid suits you well. Just don't say you were never warned when you're getting marched out of the building next spring. Good luck.
Really? In decline just the last five years? Try ten. I’ll say this after several rounds of interviews. They don’t want status quo at all. If you’re asking, then you are nothing more than the absolute failure of status quo. Anyone above sales rep thinks they’re safe? Hahaha. I have a decade achieving executive circle, Ive been actively recruited, not my ambition: what they’ve offered me? Unreal, is this Disney?
Can I ask why you're interested in moving to textbook publishing from pharma? The entire industry has been in decline for the past 5 years.
Once the merger is finalized, they will be taking two entities that mirror each other organizationally in sales, marketing, product and back office functions and slimming them down to one. How they plan to execute this is anyone's guess, but I think it's reasonably to estimate that 40-50% of the headcount is going to be reduced. Given that you most likely have a territorial counterpart at McGraw Hill, I think only one of you will be sticking around in 2020. Have you asked about this at your interview? I definitely would if you are serious about the position. However, keep in mind that anything they tell you can and probably will change once the companies merge. The person you'll be reporting to may not be around in 2020. If you take the position, you should go into it with the realization that there is a decent chance you will be out of work in a year or less.