Wow, the latest 10k continues the slide. Takeaways are if you’re in KY be worried. Lease on office ended in September, Work down 287%, huge drop in cash, huge increase in liabilities as interest is eating the company alive due to prime/LIBOR going... — read more
Layoffs in International
Hearing of leadership layoffs in the International group. Anyone have more info? Seemed like that was a promising part of the business post-COVID.
Layoffs?
Seeing posts from former longtime Cengage colleagues announcing they are looking for work.
Plunder
As a former Cengage employee (and bankruptcy survivor) I am very much looking forward to reading this book: https://www.hachettebookgroup.com/titles/brendan-ballou/plunder/9781541702103/?lens=publicaffairs
Why is Apollo dumping $500 million into Cengage?
What is going on here?
Any Layoffs Coming to Cengage?
Anyone heard of any layoffs?
Transistor radio layoffs
Do you think when the economy finally collapses and the organization is in turmoil they will prioritize laying off the equity-hired transpersons and their underperforming alphabet club ally’s first? Just like in the tech sector?
What's the endgame with Cengage?
What's the endgame with the vultures and Cengage?
When did you realize cengage was a meme company?
I started years ago, I discovered it was a fake meme company after 2 years and then quit leaving my low IQ manager to pick up the pieces. This manager is now gone too, went to another meme publisher to repeat the lie. How did it go for you?
Google Looks to EdTech Leader for Growth Strategy
Greetings, I’m proud to announce that Google has taken a page out of our leadership team’s playbook as they look to emulate Cengage’s explosive success in EdTech. Layoffs do not show a company’s weakness, they are a way to project strength. Think... — read more
Best place to work
How in the world did Cengage get voted best place to work in a 2023 Glassdoor survey? I mean really. Everyone is overworked and underpaid. Loved my boss explaining the 1.2% annual raise. Meanwhile MH is vacationing in an Italian villa.
Cengage hiring!
Now they are hiring for a lot of the positions they laid off last year—feel bad for the new comers, since they will be paid less than the people they laid off . Jobs that required college degrees are now equivalent experience lol. They will be so... — read more
OpenStax Publishing vs Cengage
One of my children recently started online college classes. While both Cengage and Pearson materials had to be purchased, a few classes are providing free material by a company called OpenStax. I always thought of no-cost materials to be... — read more
Is it a coincidence or just the Cengage culture?
Why is it working at Cengage seems like nothing more than a slumber party gone wrong at the sorority? I've never in my life met so many underperforming mean gossiping girls in my life than here? If someone doesn't have any gossiping backstabbing... — read more
Attention All! Bookstores are still open for 2 hours. Continue dialing for those dollars....
There is no December 32nd. Oh wait.
Cengage is a zombie corp
https://finbox.com/ideas/zombie-companies-list
NES
Did Cengage just recently have a live national engagement summit? This is the company that just laid off a bunch of people and then spend hundreds of thousands "learning" and "celebrating successes"? If Cengage did have a face to face meeting... — read more
National Engagement Summit
Did Cengage just recently have a live national engagement summit? This is the company that just laid off a bunch of people and then spend hundreds of thousands "learning" and "celebrating successes"? I saw pics on LinkedIn and saw the usual... — read more
MH's response to a Q about building a better work/life balance
A better question would be "How do you integrate work and life?" "It's a fool's errand" to drop the iPhone or pen at 5 p.m. and the weekends.
Old news? CTO left after 8 month??
https://www.cengagegroup.com/news/press-releases/2022/cengage-group-names-chelsea-valentine-as-chief-technology-officer/
Tick tick tick...
The population of college-age Americans is about to crash. It will change higher education forever. In four years, the number of students graduating from high schools across the country will begin a sudden and precipitous decline, due to a rolling... — read more
To those who are still there...why?
Left Cengage five years ago because I couldn't take it anymore. Talked to a former colleague who worked in software dev that was let go over the summer and found a better job soon after. He said the yearly purges have just intensified over the past... — read more
Exciting Changes to Executive Board Coming!
Greetings, As many of you know, Cengage Unlimited has been an unmitigated success and has transformed the lives of students all over the globe. The EdTech segment has been attracting attention. Everyone from high-profile investors to social media... — read more
Did anyone else have this experience? We are building a case and need your input.
We had a DM put Apple trackers in reps cars because she was mentally ill. We all knew she was doing this but I’m curious if any one else knows any other DMs who were also engaged in spying ?
Gale?
Any word on Gale?
ES guest speaker
I’m so sad I was laid off. I just heard they secured Ron Desantis as the keynote speaker!
Who's next to go
Since many people are leaving already, it is hard for me to believe that there will be more cuts soon. However, considering that there are more and more rumors about the additional cuts that will follow, I wonder if anyone has any insights what the... — read more
Cast Your Vote - Best Cengage Quote from our Fuhrer!
Vote using the letter below. A - It's good to hear your voice! B- You really need to get your people on the train C- One word - "Re--rded"
How many
Of you were impacted by the latest reorg
Cengage's Balance Sheet and Prime Rate Increases
Greetings, Looking at Cengage's latest earnings (lol!) report, the company appears insolvent. Total liabilities seem to outweigh assets by a little over 300M. What I find most concerning is that Cengage is heavily leveraged. The prime rate and... — read more
APPLE tracers
We had a DM put Apple trackers in reps cars because she was mentally ill. We all knew she was doing this but I’m curious if any one else knows any other DMs who were also engaged in spying ?
Florida school market
Wondering what every one thinks about Florida standards and text books in schools. Some want to take a "moral" "stand" and not follow the anti-WOKE agenda. Others think books should not have offensive materials to sell them. Who is right?
Management services
Hey, does that place even exist anymore?
Monday morning topic.
Why did they let Cengage become a ha--m for ‘them’ ?
Enjoy your 1.6% raise, I'm going to Italy!
CEOs LinkedIn post are the absolute most tone deaf garbage I've seen. A decade or more of raises that don't keep up with cost of living, but hey, the CEO says if you're feeling burnt out, take a trip to Italy!