When does everyone predict the first round of layoffs to happen? Many among us are not ready to embrace the change and become disrupters as we continue define the Ed-Tech space. If we are to continue improving students’ lives then we must embrace change.
Many Cengage employees received the opportunity to become their own CEO over the past few years. When will the first round happen?
My guess is we will see a blitzkrieg in Februar as the first train arrives.
We've spent years "focusing on the student" at the direction of our enlightened leader. And what has it resulted in? More students every year realizing they can get by without our solutions entirely. Abandon ship.
Cengage has already failed. It is a shell of its former self. Revenue is about half of what it was a decade ago – and that is without adjusting for inflation. The promises to replace lost print revenue with digital have been a complete failure. The revenue hole gets bigger every year as digital can't come close to catching up with what print used to bring in. Yet the man who made all these promises is still steering the ship and collecting the biggest salary in the company.
I'll say this much... I was there for enough and I never witnessed such bizarre behavior before. It was always funny to me, to watch who was selected and who wasn't. Once the choices were made it was rather simple to understand why. Those that were selected and rushed above their station were those who never questioned anything, never questioned their leaders and constantly pushed the Cengage agenda with such 'passion'. It was those who were the most obnoxious and the most blind with whom they selected and it made a lot of us laugh. This is why Cengage will fail, it's rotten and will spoil, it will rot completely from the inside out. That's all I have to say, Happy New Year!
What? Sounds awful...
The Thomson days were great. January was crazy then February then the bonuses that came every year and then the Summer Hours on Fridays. Plus all the random nights walking into Lucky's and drinking on whoever had a tab going's AMEX.
The teams were strong because of all of the hanging out people did.
GIVE ME FREE LUNCH? No, GIVE ME LUNCH TICKETS FOR TICKERS!!!!
The good ol days. You stooges all missed them. At Thomson we spent the first week of every new year drinking our faces off and getting some strange. Lauderdale, Palm Springs. We owned those towns.
Stop trying to stir up trouble. If you’ve been in the industry as long as I have, you know that the chance of reorganizations and layoffs happen after classes are up and running every semester.
For people in the back - that’s end of January or February in spring and October or November in fall. Early summer is also a possibility.