Make it make sense.
15 replies (most recent on top)
Greetings,
The Leadership Team has devised a long-term strategic plan to ensure the company's success despite a falsely elected dictator being installed into the nation's highest office.
While a dangerous convicted felon may love the uneducated, the company will not stop the disruption blitz we have waged while redefining EdTech.
Groundbreaking initiatives like Cengage Unlimited have been an unmitigated success and have become the envy of the industry.
While we continue to engage in a massive ESG push, we will continue to bring prosperity and exciting career opportunities to our current and future global resources.
We will resist, we will fight. I wake up every morning wondering if this is the day I will be deported, but my resolve is firm because we are redefining how students learn while redefining an industry.
To boil it down into terms, even a retar**d person can understand, we are Netflix for textbooks.
I'm more worried about them dismantling the Dept. of Ed and reforming student loans. That will really hurt this business.
Would love to see Cengage take a hit on the bottom line for shipping American jobs to India and the Philippines, where quality and service suffer greatly. With a new admission coming to Washington, I hope companies are punished for shipping jobs overseas at the expense of this country’s well being.
The previous poster sums up private equity's attitiude towards front line employees. They are viewed as interchangeable monkeys that are a drag on the company's earnings and potential value. Front line employees at PE owner companies are not incentivized to perform because they are a problem to be solved. Managers are heavily incentivized to figure out ways to cut, cut, cut....and the main way to do that is to automate, outsource or offshore as many jobs as possible.
I am a manager at Cengage and my bonus was regularly in excess of the entire annual compensation of some individual contributors on my team. It's gross. And I don't even have a particularly big one for Cengage (I say that having gotten 50K+ on multiple occations), they are huge the higher you go on the food chain. These people making the decisions are chained to the paycheck because they could not get the same comp elsewhere, hence the cutthroat decision making regarding layoffs, etc.
Most companies that have a bonus plan give something to every single employee regardless of whether they are in management or not. The fact that individual contributors at Cengage do not get bonuses is garbage.
Man, will they ever stop fu--ing us in a-s?
No bonuses because they had to pay for the good results in LinkedIn.
A lot of people who are not in sales get bonuses. Pretty much anyone who is not an individual contributor.
At least you get bonuses. People who aren't in sales dont even get cost of living raises. 3% if we're lucky.
I know that leadership does nor care two hoots about the employee experience, unless they are in leadership, so I don’t care about them and I will continue to do a good job, but without passion and loyalty. I will take the next offer that flashes an increase in pay and suits my passion for education. Cengage leaders are posers.
The culture of Cengage is one of fear, which is TOXIC. Leadership is not stupid, so this is proof that they do not care about the employee experience.
Is there actually going to be a bonus?
Great result --> we get to keep our jobs and fewer roles are terminated.
It has always been like that. I will be shocked if any profit-related good news lead to increase in employee compensation/bonus.
Great results for private equity. Everyone else? Not so much.