“Cengage Unlimited is an unqualified success. Let me repeat: Cengage Unlimited is an unqualified success.”
What will be the criteria for the layoffs?
From what I’ve seen and experienced so far at this company, layoffs were rarely conducted in a logical manner or in any pattern that made sense to me. Keeping that in mind, I find it hard to believe what some posters are claiming on other threads:... — read more
MH needs to go
7 years in and what has he accomplished? Year after year of shrinking revenue and losses. He steered the company out of bankruptcy only to pile on more debt. He drove Cengage into the ditch with CU and people are going to lose their livelihood... — read more
Layoffs in two weeks
Found out yesterday that layoffs “in the low double digits” will be hitting every segment in the company by early November.
Friday announcement
Hearing rumors that there is going to be an announcement Friday about the transition. Does anyone know what its going to be?
District manager optty
I need to reach out to anyone with advice who has information about the climate at Cengage Learning and McGraw-Hill and have been unable to get a straight answer. I've been given a great offer for a district manager position in the western united... — read more
Transition Updates
Heard anything on the Transition Teams go forward post-merger plans?
CU totals
So I ended up with a 10% increase in CU but flat activations and my overall revenue decreased around 30%? I'm in a Western mountain state. How did everyone else end up?
This is a mission based company
And the mission is NOT to make as much money as possible....it is to change student outcomes. That’s pretty cool, and it requires a special kind of person to work here. It requires passion and caring for more than just what the profit was last... — read more
Not a pretty picture
My numbers are pretty much in and cu is up 25% but overall revenue is down 30% in my territory. Anyone else seeing the same?
Revenue
Just for fun, I went back and looked at the company's revenue going back to 2016: 2016: $1.656B 2017: $1.474B 2018: $1.467B 2019: $1.460B That's a decline every year, and a 13% decline from 2016 - 2019. Also, the company recorded a net loss... — read more
Delight the customer
Thinking back....remember when Michael's handpicked product chief boasted that we were going to "delight the student"? That MindTap was going to offer so much value that students would be throwing money at us because they couldn't do without it... — read more
Have you heard?
When will layoffs begin? Why was the NES pushed out to February?
Was my opinion two years ago when I used to work with these clowns...
I now work for a competitor. CU is a joke. It never comes up in competitive sales situations, because faculty see right through it: a cheap money-grab that ends up with students paying $120 for access to an eBook! Normal eBooks are about $40, and... — read more
Which will come first?
Bankruptcy or the merger?
How are Fall numbers panning out for everyone?
CU units are higher but in direct correlation revenue is down for my territory. go figure,
Smarmy response from MH to an honest Glassdoor review
"Thank you for your service during the past 5+ years. I agree, we do have many extremely passionate people who work at Cengage and do amazing things for students, globally, every day. As we continue to make changes to transform our company and... — read more
Will I be spared?
I am a good and loyal Cengage employee. I choose a smaller salary because I want to save students money and improve their outcomes. I live and breathe the Credo. I put work in during nights and weekends because my team has shrunk. I am passionate... — read more
Glassdoor
From a review... "Employees are "encouraged" to give good reviews to balance out the bad, especially just before CEO is announced as Glassdoor's Employees' Choice Award and being named Best Places to Work. Both are far from accurate."
No layoffs at Cengage?
Layoffs are uncommon at Cengage!?! Completely false. Endless layoffs have been the norm at Cengage ever since Hansen took over. He is the angel of death.
Q1 Earnings a Disaster
Q1 earnings were a disaster as predicted. Dig through all the nonsense in the earnings call deck and you'll find the company lost $65 million for the quarter. Far more alarming is the amount of cash Cengage is burning through. The company has $170... — read more
Cengage will end up being a shell of what it is now
Cengage has some great content but the problem is the online platforms are kind of stuck in 2005. SAM was always a cash cow because it did what it did better than anything else at the time and back when it started most of the A+/MCSE post recession... — read more
Q1 Earnings Call Scheduled for 8/7
I wonder what litany of excuses Michael will use to explain away what is sure to be yet another money losing quarter? Timing of purchases? Shift to digital? Piracy? Declining enrollment? But don't worry children, Cengage Unlimited is an unqualified... — read more
Uh oh, now the feds want in on the action
Uh oh, looks like the McCengage mass higher ed toxic pollutant may get banned via the Feds... Dark days for fearless leader https://www.insidehighered.com/digital-learning/article/2019/07/30/cengage-and-mcgraw-hill-merger-faces-growing-opposition
Transition Team Updates....
Okay what’s the word on who is staying/going when McCengage is official? Other than hearing Cengage Westerners needing to start looking how is sales going to land? Will DoS still be around or SVP? Will one of those be collapsed? KAMs? Inside sales... — read more
From a recent Glasdoor review
"The payscale has absolutely no transparency (even my supervisor doesn’t know what the pay range of my position is, let alone me), and raises, which have been capped at 1% a year for at least the last five years, were cut to 0.5% this year. (2019)... — read more
MH casually chatting with his beloved employees
https://www.bizjournals.com/boston/news/2019/07/10/global-edtech-firm-cengage-graduates-to-new.html#g/456789/4
Cengage Author fallout
I know it's been super tight lipped lately. Has anyone seen fallout from authors experiencing revenue drop from CU implementation?
Severance is not a guarantee!
I've been at this a long time, trust me these companies don't have to offer any severance, in fact most likely you will not see a severance since this isn't a simple layoff, this is classified as a merger. Nowhere in any labor law does it state... — read more
New HQ
https://blog.cengage.com/cengage-boston-has-a-new-home-in-the-hub/ How does everyone in Mason, Clifton Park and Farmington Hills feel about the free gym, beer tap, wine fridge and snacks? We’re not getting too many PERKS, PERKS, PERKS! out here in... — read more
McCengage claims its first victim
https://www.edsurge.com/news/2019-07-02-mcgraw-hill-chief-financial-officer-mike-evans-resigns
Chicago District Manager position
I'm a manager for a uniform company in Chicago and manage several hundred reps. I'm being recruited by mcgraw hill and cengage learning and I find it odd they would reach out to me. I have no experience in software or books and even brought this up... — read more
Check out what your new best friends are saying...
https://www.thelayoff.com/mcgraw-hill-cos
Far and Wide
Ever notice how on any digital platform, even here anyone getting anywhere remotely to the truth will always have the post deleted. The grasp of this c u l t of c en g ag e is spread throughout like a cancer. Good riddance when it finally implodes.
Who is really running the Cengage show?
MH or TM? Who will over see McCengage sales?
Rejoice!
The Great and All Knowing MH has been named a “top CEO” again! Salute your Teutonic master and guzzle the kool aid!
K-12 Business
Anyone have any ideas how the K-12 side of things (NGL) will be handled?
Transition Teams
How many are there? Guess if you’re on one you have job security, otherwise watch out.
Bonus
What % are bonuses this year?
Impacted by another reorg
https://www.prnewswire.com/news-releases/cengage-named-a-cincinnati-top-workplace-for-2019-300863264.html Seriously???