Topics regarding layoffs at Cengage

Topics regarding layoffs at Cengage

Famous last words

“Cengage Unlimited is an unqualified success. Let me repeat: Cengage Unlimited is an unqualified success.”

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| 1860 views | | 4 replies (last October 24, 2019)
Post ID: @OP+11DEd6dj

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 

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| 2710 views | | 9 replies (last October 22, 2019)
Post ID: @OP+11DL8cer

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 

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| 2350 views | | 9 replies (last October 25, 2019)
Post ID: @OP+11CydMSN

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 

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| 2270 views | | 9 replies (last October 18, 2019)
Post ID: @OP+11qgzQaU

Transition Updates

Heard anything on the Transition Teams go forward post-merger plans?

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| 1200 views | | 5 replies (last October 16, 2019)
Post ID: @OP+11pl4cX2

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 

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| 1260 views | | 8 replies (last September 30, 2019)
Post ID: @OP+11foKEdi

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?

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| 1370 views | | 7 replies (last September 26, 2019)
Post ID: @OP+117kfEI0

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 

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| 1715 views | | 1 reply (October 17, 2019)
Post ID: @OP+116Cesl0

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 

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| 1463 views | | 4 replies (last September 17, 2019)
Post ID: @OP+111ekj6g

Have you heard?

When will layoffs begin? Why was the NES pushed out to February?

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 

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| 1650 views | | 4 replies (last September 5, 2019)
Post ID: @OP+10RFqBSc

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 

Cengage Author fallout

I know it's been super tight lipped lately. Has anyone seen fallout from authors experiencing revenue drop from CU implementation?

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| 890 views | | no replies yet
Post ID: @OP+101TroyZ

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 

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| 1510 views | | 4 replies (last September 27, 2019)
Post ID: @OP+ZZZvJwd

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 

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.

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???

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