I'm hearing about potential layoffs and or potential sales of the company. I'm working in P+, which is supposed to be the future of the company, any thoughts on whether I am safe until the rest of this year? Should I start looking? My biggest worry is that the market is very bad right now for my career (tech)
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Why would you be safe in the Pearson+ division? It’s been a huge money drain with little growth except the business that moved over from VitalSource and RedShelf. They won’t be able to fool the market with fake user numbers much longer and will have to show real growth. That’s the reason behind the price increase. The percentage of students subscribing to etexts is much slower and lower than they anticipated especially when factoring in how much revenue we are losing in print sales.
No part of Pearson is ever "safe." It's the employment equivalent of being on board the Titanic...the entire ship is sinking and will eventually go under, but the part you happen to be standing on may be the last to slip under the waves. Get out as quickly as you can - Pearson's pay is horrible and the company is not worth your time.
For NAHED, you may want to check the Investor Call transcripts. You can find them online.
Any word on NAHED?
Based on today's Investment Call, Pearson + is "safe" and they are expecting significant growth and profits. POLS and any other area under strategic review were not discussed. Don't stop looking or get complacent though. This is a fickle industry and it can change quickly.
I had a friend who was laid off a while back and got severance. During his severance period, a Pearson job similar to his old one showed up on Indeed. My friend asked me if he should apply for it, and I said "absolutely not". If he got an offer, that would jeopardize his severance. That's like trying to get back with an ex-wife or ex-husband. Just no, don't do it. Move on.
I was in the wave from about 3.5 years ago. They wanted to rehire me but wouldn't let know what I would be making. If I rejected the offer, I would lose my unemployment. I can't imagine that they have gotten any nicer since then. I am much better off now with a great gig and endless potential ahead of me. Don't be a lifer . . . get out while you can. I promise you will be better off and much happier.
Unpopular opinion, but if you are safe anywhere it is P+. Future of the company and all of that— I absolutely believe it is true.
I also believe that if a good price/share offer comes along AB and the board will sell that quicker than DJ Andy can start spinning some inclusive bangers. Or maybe just the toxic cesspool of incompetence and narcissistic behavior that is the North America division. Maybe that will get put out to pasture and the rest of the company can rebuild and thrive like a modern, decent organization.
Possibilities are endless.
It's the Blockbuster of educational publishing. The future's so bright you gotta wear shades.
Get out while you can.
Adding to the other responses, I'd suggest making sure your skills are current (marketable). Good luck!
Please do not think you are safe. Different divisions company wide have been cut and people are always surprised. Get your ducks in a row and get out.
No one is safe.
Signed,
AB
Always be looking for another job.
Why are you worried that the job market is bad right now in tech?
You are not looking and you have no idea what's available.
I have been looking and there's a lot available in my area.