CU units are higher but in direct correlation revenue is down for my territory. go figure,
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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 they deliver without the broken and clunky MindTap "gift wrap." Faculty and students do that math: you'd have to be taking 3 or more courses using Cengage each semester to even break even with CU, and there is no way to predict which product will be used in which class at the time of enrollment. CU has been a gift to us competitors, as has the whole pile of Hanson-generated waste.
@10VRdP7N-1xun Both MHE and Cengage leadership have stated they expect 2/3 of the $300M synergies to come from layoffs
There will be a whole lot of unemployed editors doing a whole lot of correcting on online message boards since no one wants to employ English majors with 20 years of textbook editing experience.
You mean, there will be many unemployed editors, not a whole lot, that's improper.
Going to be a whole lot of unemployed editors in the midwest come 2020.
I think what’s implied is that outside sales people will no longer be employed at cengage just as ancient dinosaurs are not employed at cengage if you know what I mean...
- If you understand that extinct means the end of existence for a certain species, strictly speaking in a metaphorical sense... If you know what I mean.
"extinct like the dinosaurs", if you know what I mean...
I work in inside sales and it's common knowledge we'll be increasing headcount in January so that we're all prepared for spring closings. It's common knowledge here in Kentucky that outside reps will be going extinct like the dinosaurs...
Do tell where will the savings come from? Combining office space won’t do it. What will the duplicate reps do- work campus together? Plus the more focus on digital and less on content means field reps are more easily replaced with inside reps. Inside reps are a better ROI for this. No car, less salary, monitored so they work 8 hours a day.
I don’t think most of the savings will come through layoffs. Michael hasn’t said that. In fact, he has stated multiple times that this is a complementary merge.
We've all been selling so many CU units that we're going to merge with McGraw Hill and then layoff off 300 million dollars worth of people because CU is doing so well...
I’ve been k–ling it on Unlimited takeaways. Instructors can’t resist the savings for their students. I see a lot of negative Nellies here who can’t close a deal. Seems like you will be better off selling elsewhere.
@10VRdP7N-vdo I work in sales, and I hear we are losing huge to OER across all districts and regions, losing a ton of huge world languages to Vista and seeing CU erode revenue without an offset of CU takeaways. In essence a failure as predicted and why CL is forced to merge with MH....
I don’t work in sales, but hear we are winning big takeaways. Professors are seeing how much money their students can save with Unlimited. Not surprising.
It’s not enough in my territory especially so many courses have been eviscerated by oer. Since I’ve been coerced and directed to push CU it’s now impossible to see any overarching gain with more takeaways versus lost revenue. Cengage is eating itself in my territory.
How many CU units represent takeaway business? That’s the true test of CU’s ability to save the company. If revenue doesn’t pop this semester and investor calls don’t hold MH accountable by now then those calls are rigged.