Will there be more layoffs?

I haven’t heard anything yet, but waiting for the shoe to drop. There are lots of rumors in mason but not sure what to believe.

Any word when the illustrious and virtuous RVP’s get the axe along with their loyal and enigmatic DM’s? ;)

Officially the offices in NY and Monterey, CA closing

I’m really hunting for experiences of people that have been let go already. I know that p[people have different needs and different spending habits, but in normal circumstances is the severance package something that can realistically sustain you... — read more 

Is it HR, upper management, someone else? I can't imagine that middle management would have a say. Even some upper management has been let go. Who decides who stays and goes?

What is the severance package being offered? Is the job placement resources worth a damn? How deep will these go?

There was a thread here, I don’t see it anymore. Is the company controlling this site?

I know there'll be more layoffs today, but what about the rest of the week? How long do they plan to drag this out?

I'm always seeing news articles about company layoffs but for some reason not these.

Literally all of the people that I’ve seen being laid off recently are older, long-time employees and I don’t think that that pattern is going to change any time soon. They aren’t even trying to mask that fact. Are our Age discrimination laws... — read more 

This discussion thread is intended to serve as a "red flag" center for any/all updates surrounding layoff activities. Let us try to keep each other informed and forewarned as much as possible. For outsiders: I would respectfully ask that you... — read more 

I've read speculation that it starts today.

The cuts, now or post merger would be occurring to eliminate role duplication. Now enhances the liquidity of Cengage going into the merger with a clear consolidation of efforts post merger allieving the burden the pre-merger cuts create. Specialist... — read more 

Wondering if the disclosed financial situation threatens the merger. Seems like a company that's merging that has a lower performance than expected prior to an announced merger loses its position in the deal. A stock swap or whatever is not as... — read more 

Usually Hanson enjoys letting large numbers of people go and then having his henchmen FB, GM, etc... call late day 'Town Hall' meetings to explain some sort of business reason why a large number of people were let go. This is the first time in the... — read more 

From @11GJCEcI-1loa All that was announced at the Town Hall was that layoffs would begin "ASAP." They offered nothing in the way of specifics - which departments, who first, how many, etc. Most companies try to complete layoffs very early in the... — read more 

Or are they doing it this way to avoid a merger severance?

One thing that is clear to me is that this is not going to stop. Even if you survive these cuts, there are more to come. There is just not enough market demand to support 3 (soon to be 2) giant companies. All the Big 3's revenue has been plummeting... — read more 

Cengage is a complete disgrace.

Does anyone know what was discussed on today's town hall? I didn't get an invite to it –anything ya can share would be great!

No one is immune to vulnerability from a layoff of this magnitude. Regardless of where you are in the organization, please do not fool yourself into believing that you’re immune. The best evidence of this is last year when the San Francisco office... — read more 

Will Gale not be impacted since its a separate business and not tied into the CU mess?

Has anyone heard anything about layoffs for ELT/Nat Geo?

Ok....yes CU is going to torpedo this company and MH has not done anything, but will survive the McCengage merger with a raise and look like a great leader once the layoffs are all done. I'm starting this thread because it's many other things that... — read more 

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

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 

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 

Found out yesterday that layoffs “in the low double digits” will be hitting every segment in the company by early November.

Hearing rumors that there is going to be an announcement Friday about the transition. Does anyone know what its going to be?

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 

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

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?

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 

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?

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 

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