Anyone know if there are more layoffs coming? If so for which department and when? After the first Friday we seem to be doing a lot better in terms of money. Is this real since Pearson is down almost 15 percent?
First Friday tomorrow
This is to discuss our ‘very severe scenario and cash in the bank target’. Here we go!
Can you tell me when we finally hit the wall?
Some of you have so much butthurt and free time that you're able to write essays projecting your pain and obvious to all of us the final drafts, your 'magnum opus' have been published for free on this site. Let us not forget though, that what's most... — read more
Things are not okay at Cengage
When a company cannot make payroll and is unable to pay out on last year's bonus plans, that company is in a death spiral. They indicated that the back pay would be made up in October if things went well with fall sales. Has there been any... — read more
Has employee morale improved?
I've been gone for a few years now. Morale has been pretty low when I was laid off, and while I hope things have improved since then, I highly doubt it. My bet is they're still trying to spin their failed ideas into something positive while getting... — read more
Layoff before December?
So does anyone know if there will be any more layoffs by the end of the year? Currently the job market is over saturated due to millions being out of work so finding something new might take months.
First Friday today
With an update on ‘how we are doing against our very severe scenario and cash in the bank target’. This should be interesting!
It’s what’s most important
Isn’t it time we come together and share, to honor our differences and reflect upon our sameness? Isn’t it time we gather together as one in our RAV4’s and our soiled personalized hello kitty masks and hold a vigil in honor of our obnoxiousness? ... — read more
CEO Response of the Day
Thank you for leaving this feedback. It is great to read what is working for you, and where we still have room to improve. I understand that you feel the temporary pay cut was a mistake. In this case, we were planning for the unknown impact of... — read more
Glassdoor Response of the Day
Thank you for leaving this feedback. It is great to read what is working for you, and where we still have room to improve. I understand that you feel the temporary pay cut was a mistake. In this case, we were planning for the unknown impact of... — read more
Any updates?
Any news about future layoffs? Last I heard is they are looking to let go of some more people after the Fall Rush is over.. don’t take that as a fact just something I heard. Are people going to get their bonus that they worked for? Will we get... — read more
[Cengage] Textbook used in Victorian schools repeats Chinese government propaganda
https://www.theguardian.com/australia-news/2020/aug/26/textbook-used-in-victorian-schools-repeats-chinese-government-propaganda
Back-to-School Doubts Crush Textbook Publishers
https://www.bloomberg.com/opinion/articles/2020-08-20/covid-19-back-to-school-doubts-crush-textbook-publishers
Where does everyone work?
Seems like most posters here are in sales, but I'm wondering what other parts of the company come here? I am a marketing manager.
Moody's downgrades Cengage's debt; cites increased likelihood of default
Seems Moody's was none too impressed with the increase in digital subscriptions: https://finance.yahoo.com/news/cengage-learning-inc-moodys-downgrades-222805085.html
Chicago office
In last week’s Friday call, they said they are closing the Chicago office. Did anyone’s jobs get cut and is that all they are doing?
Let’s start over...
How many of you are actually happy at this company?
“Payment frequencies will be impacted”
Edwin Robles sent out an email that said “Payment frequencies will be impacted due to company-wide initiatives to preserve cash.” We still haven’t been paid our bonuses from last sales year, our pay got cut, 401k match got cut, and it’s already... — read more
Be real
Look. I’ve been following along with this thread for awhile. I for one, was someone let go from Cengage during a lay off in the last year... am I bitter? Not. At. All. It seems like there are so many people commenting who are jaded by the company and... — read more
From Yahoo Finance: Blue Chips Raising Finds Amid a Covid Bankruptcy Wave
"Upcoming in Distressed Cengage Learning Inc., the online education platform that terminated plans to merge with competitor McGraw Hill, reports earnings this week and plans a call Thursday morning. Retailer J. Jill, meanwhile, extended its... — read more
Who are these people?
Most ridiculous Glassdoor review I have read yet. Pros So many people say it on Glassdoor - but it's true. The people here are the best I've worked with. Always eager to help - very few turf issues or agendas that you see in other... — read more
Hey guys
I’m not seeing as many new digital adoptions as I expected. Was talking to my comp reps and they’re getting calls like crazy to install digital. You?
Congratulations to Michael Hansen being names on of Fast Company's Most Creative!
So proud to work for this creative man! Love the picture too...very flattering. https://www.fastcompany.com/90525618/most-creative-people-2020-michael-hansen
Salary cuts
When will they restore the 20% they cut our salaries? Any word?
Next lay-off?
When do you think we’ll have our next lay-off?
Message to All Here
If you are a Cengage employee you would be wise to refrain from commenting on this forum. Refer to your employee handbook regarding public statements about the company. If you have recently separated from the company it's clearly spelled out in... — read more
Cengage Unlimited is Transforming Lives
Greetings, After reviewing last quarter's activation rates it is clear that Cengage Unlimited has clearly been a game changer. We continue to lead our competitors within the Education Technology space and it has become evident that we have emerged... — read more
As long as this company continues to promote the inexperienced and unqualified in leadership roles, its future is doomed.
Drinking the kool-aid and spewing the company jargon in every meeting with your direct reports and executive leadership instead of talking on their level and really listening to what they have to say to understand what's going on? You'll get... — read more
Cengage's leadership problems summed up
I saw this on another company's board and couldn't believe how succinctly it describes Michael's failed leadership of this company. Bad leadership that doesn't listen to their employees. Good ideas come from ALL corporate levels. Blanket pay... — read more
Cengage Unlimited Has Been an Unmitigated Success!
Greetings Cengage Colleges, As I'm sure many of you learned in last week's investor call Cengage Unlimited is an unmitigated success. We have driven engagement to our MindTap platform and saved students millions of dollars. In addition, many of... — read more
Massive losses for FY20
The slide deck just went out and it’s ugly. Very ugly. Loss of $917 million for the year. Update those resumes.
Pearson lay offs, are we next?
Pearson laid off 150+ people on Wednesday. There are meetings scheduled for some people Thursday at Cengage. Are we getting laid off soon? Anyone have any inside news they can share?
Emergency Town Hall Meeting
Thank you, Michael, for calling that emergency town hall meeting to discuss racism. I can only assume that you and the other BCG/private equity white guys who make up the entire leadership team will be stepping down and letting POC take over the... — read more
June layoffs?
I heard that June is the next window for layoffs. Anyone have any more information?
This could be the death blow
https://www.edsurge.com/news/2020-05-21-nine-new-lawsuits-target-inclusive-access-textbook-programs-alleging-antitrust-violations
Anyone work in finance?
Just wondering how close we are to being out of cash. I know that we have cash on hand, but what are we burning through and how long can we last at the current rate?
NEXT ROUND IS ON US
So, how will the next round of layoffs be conducted? Will there be territory realignments and consolidation for sales? Will there be an increase with Inside Sales to compensate for small territories losing their Generalists? What will become of... — read more
Job security?
With the merger being officially cancelled what does everyone think about the future of their job at Cengage? Any reliable information? Are more cuts coming to sales, marketing, dss, customer service, and management teams?
Merger Plans Cancelled
https://uspirg.org/news/usp/statement-canceled-cengage-mcgraw-hill-merger-victory-college-students
Merger is Dead
One wonders what will become of Cengage now? https://www.thebookseller.com/news/mcgraw-hill-and-cengage-call-planned-merger-1201898