Are there layoffs coming soon, or are they waiting until the merger is finalized next year?
Pretty accurate takedown of the merger
https://www.linkedin.com/pulse/cengage-mcgraw-hill-merger-good-equity-holders-bad-professors-adam/
Cengage to merge with McGraw Hill -- new company to be named McGraw Hill
https://www.wsj.com/articles/mcgraw-hill-cengage-plan-all-stock-merger-11556683590
Bombshell report shows Cengage paid kickbacks to university administrators in exchange for adoptions
https://www.azcentral.com/story/news/local/arizona-education/2019/04/24/asu-contract-cengage-shows-fee-sharing-agreement-econ-course/3564577002/
Flat revenue and above guidance EBITDA
https://news.cengage.com/corporate/cengage-unlimiteds-first-full-academic-year-shows-significant-success-with-students-drives-companys-full-year-financial-performance/ I can't believe it.
Big news coming
With the big news coming in a few weeks the will be really large reductions and reorganize. Hold on to your hats.
Is It Official? Is Cengage the most corrupt publisher in all of North America? ASU seems to think so:
https://www.abc15.com/news/region-southeast-valley/tempe/arizona-state-university-denies-professors-allegations-of-intentional-failing
Cengage, the Confederacy of Dunces and wanton buffoonery
How is it NOT possible MH modeled himself after one of the effeminate guards from the old comedy show Hogan's Hero's? He has the accent, the crisp pants with the stripe down the side, the peculiar attention to correct consonant enunciation, the... — read more
Mason cuts?
I heard there were cuts in Mason last week. Can anyone confirm?
Significant layoffs in Farmington Hills today
I heard a lot of people were let go in Farmington Hills today.
Regional VP's are doing spot checks on outside sales reps in the weaker smaller territories.
Regional VP's are doing spot check on outside sales reps in the weaker smaller territories. They're asking about KAM's and CSM effectiveness as well. They're out collecting data to determine who will be cut first.
Phony Glassdoor award
I know of several people who have had their negative reviews of Cengage removed from the Glassdoor site. These reviews were initially reviewed and posted, and then mysteriously removed within a day or two, so it's not like the reviews violated any... — read more
Glowing CEO interview has an interesting discussion going in the comments
https://thriveglobal.com/stories/masters-of-the-turnaround-leading-cengage-with-michael-hansen/
Q3 Earnings
Q3 earnings slides are out, and it’s another disaster. 13% revenue decline with every sector of the business down over prior year. But of course Cengage Unlimited is an unmitigated success! MH is a joke and needs to be run out of the company... — read more
Layoffs already started!
SF office is being closed taking 200+ jobs with it. Smaller layoffs have started in Mason and Boston. Chicago is rumored to be next for a closure and field sales is rumored to be the next division with major layoffs. The saddest part of the whole... — read more
When will the investors say enough is enough?
Can someone explain to me how MH has been CEO for so long? The numbers have gotten worse every quarter for, what, 5 consecutive years? MindTap flopped, and the company was caught sleeping on rentals and now OER. He has a new excuse on every investor... — read more
Major cuts in Field Sales
Heard there'd be major cuts in Cengage Field Sales next month. Any truth to this?
Layoffs coming?
I left the company 3 years ago when the cult mentality started taking hold, and it sounds like it’s gotten out of control. With revenue nosediving over the past few years - and Cengage Unlimited’s inability to slow the bleeding - doesn’t the company... — read more
Cengage Announces "Significant Streamlining" of Company Beginning Summer 2019
In this morning's investor call, held 7 November 2018, Cengage announced plans to significantly streamline the organization this summer, once two seasons of Cengage Unlimited are complete.
Who's worse off, Cengage or Pearson?
Who's worse off, Cengage or Pearson? Which company is more corrupt? https://www.thelayoff.com/t/TLJ8VMn
How many more layoffs at Cengage?
Cengage is in the same trouble as Pearson. How many more jobs will be lost?