Topics regarding layoffs at Pearson PLC

Topics regarding layoffs at Pearson PLC

BT and Pearson mistakes show CEOs need to get out more All leaders risk missing problems that should be plain to see

Hits the nail on the head. The sharp fall in BT’s shares last week hurt many small UK investors who have held the stock since the telecommunications group’s privatisation in 1984. And the collapse in Pearson’s price the week before hurt many at the... — read more 

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| 1610 views | | 1 reply (February 3, 2017)
Post ID: @OP+LElw9c0

More drama

Oracle soap opera (and sales of software to Pearson): During Oracle's fiscal 2014 (which ended May 31, 2014), Wilson sold Oracle enterprise software to media and education company Pearson, resulting in $10,456,055.14 in revenue. At that point in... — read more 

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| 1624 views | | no replies yet
Post ID: @OP+LzLcvIx

4000 more layoffs

Restructuring includes "cutting 4,000 jobs, about 10% of its global workforce, as well as other steps to bring its overhead and expenses lower...." ...Pearson is undergoing its second restructuring since 2012 with this latest announcement, and... — read more 

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| 1990 views | | 1 reply (January 27, 2017)
Post ID: @OP+Ly1xCYf

Elephant in the room -- when is next reorg going to happen? It's a matter of when not if....start looking for jobs folks.

So if we are looking at history here--when is the next layoff going to happen? in 2016 it was quietly announced in May on the higher ed side. Will it happen sooner or do they leave the sales force alone till May again? The good ol boy's like ES, BS... — read more 

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| 2170 views | | 2 replies (last February 1, 2017)
Post ID: @OP+LrluSlq

Fallon Insisting He Will Not Quit as CEO

quote: Despite admitting he had not foreseen declines in college enrolment and the knock-on impact that would have on revenues in the US, Mr Fallon insisted he would not quit as chief executive. He said: “I absolutely acknowledge we got two big calls... — read more 

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| 1990 views | | 4 replies (last January 20, 2017)
Post ID: @OP+LqngsLf

Goodbye, old Pearson

This does not bode well for the long-term outlook of this company. Senior managers couldn't have seen rental and lower enrollments coming? Most people close to schools saw these metrics. Hopefully a new leader can salvage this company from being... — read more 

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| 1771 views | | 1 reply (January 19, 2017)
Post ID: @OP+LpyDhN0

Layoffs coming for North America Higher Ed Services

This seemed to escape most people's attention just before the holidays. There is a top-down reorg affecting the NA Higher Ed Services division. Simplification is mentioned 3 times in the announcement, and that "the efficiencies it will drive, will... — read more 

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| 2270 views | | 2 replies (last January 12, 2017)
Post ID: @OP+LaCm1ds

The skills you'll gain...

Your final point is the most troubling: The skills you'll gain... Pearson skill sets develop and foster essentially over-qualified, and exceptionally talented copy-paste technicians and administrative button pushers-I know, I am one now. Then what to... — read more 

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| 1610 views | | 1 reply (December 19, 2016)
Post ID: @OP+KQMYodj

Pearson’s Bet on Common Core Fails to Pay Off

Big education company miscalculated in its investment in a digital curriculum Pearson PLC, the world’s largest education company, made a major miscalculation on the Common Core academic standards, expecting a windfall that failed to materialize as it... — read more 

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| 1710 views | | 3 replies (last December 1, 2016)
Post ID: @OP+KwPEht3

More Layoffs Reported

Fallon is "getting Pearson growing again" by conducting yet another rounds of layoffs before the end of the year. Cuts started this week.

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| 1650 views | | 2 replies (last November 26, 2016)
Post ID: @OP+Kud4mM1

Pearson Shares Tumble 10% as Sales Slide

The full extent of the difficulties Pearson is facing following the sale of the Financial Times to focus on education has been laid bare, as jittery investors sent its share price tumbling 10% after the company reported worse than expected sales... — read more 

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| 1930 views | | 6 replies (last October 26, 2016)
Post ID: @OP+JWoIKjD

Pearson Aims to Become the 'Netflix of Education'

Company wants a single platform offering all forms of education content Education provider Pearson is aiming to become the 'Netflix of education', according to Albert Hitchcock (pictured), the firm's chief technology and chief operating officer... — read more 

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| 4230 views | | 8 replies (last June 21, 2018)
Post ID: @OP+JwX4PMx

Next year is going to be...

I’ve been working here for 3 years and all I’m hearing is “next year is going to be better”. Guess what, re-branding and layoffs at the bottom of the food chain are not the type of reorganization we need to make things better. Pearson is heavy from... — read more 

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| 2580 views | | 2 replies (last October 5, 2016)
Post ID: @OP+JuovcPl

Blind leading the blind

Senior management book people who have no clue about technology, trying to run a technology company. Country club for managers with no accountability. Office politics and scapegoating anyone attempting to improve or change things for the better as... — read more 

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| 2200 views | | 1 reply (September 21, 2016)
Post ID: @OP+Ju02ENV

Cons:

*Really bad upper management. I mean really bad. An SVP was recently asked about our group's mobile strategy and had no answer. *In my group, no one in upper management, expect maybe the Managing Director, seems to have any quantitative aptitude... — read more 

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| 2240 views | | 6 replies (last December 14, 2016)
Post ID: @OP+JbITZJh

Pearson to Lay Off Hundreds in Austin

Jul 17, 2015 Testing service provider Pearson will lay off hundreds of employees, the majority of them based in the Austin area, according to the Austin-American Statesman. According to the report, company officials confirmed with the newspaper that... — read more 

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| 1575 views | | no replies yet
Post ID: @OP+INFjwxC

Enjoy your holiday!

How many people did Pearson have to lay off to afford taking a large group to the Four Seasons in Whistler, Canada?

Along Comes Amazon

Just ahead of the back-to-school season, Amazon plans to make a major foray into the education technology market for primary and secondary schools, a territory that Apple, Google and Microsoft have heavily staked out. Monday morning, Amazon said that... — read more 

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| 1723 views | | 1 reply (June 29, 2016)
Post ID: @OP+I7Bc9SG

Pearson’s History of Testing Problems — A List

"Here’s a list of problems that Pearson, the world’s largest education company, have encountered with its standardized testing business in the United States over the years. It was collected by the nonprofit National Center for Fair and Open Testing... — read more 

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| 2110 views | | 1 reply (April 24, 2016)
Post ID: @OP+H4OgRyX

April 29th Stockholder's Meeting

Pearson (Mis)Education, the British-based global “education” publishers reported a net profit increased in 2015, but that was because it sold off assets including of the Financial Times and The Economist. It was also forced to eliminate 4,000 jobs... — read more 

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| 2013 views | | 3 replies (last April 22, 2016)
Post ID: @OP+GVS7JcD

Pearson Layoffs Continued into March 2016

Month old news but thought I would share as I can't recall reading it up here. Sack Fallon and all the other empty suits (with outlandish salaries) including those in the USA (Kilburn, Bozik etc): More Layoffs at Pearson March 19, 2014 Pearson, the... — read more 

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| 2100 views | | no replies yet
Post ID: @OP+GVUKwWY

Some Positive News for Those Laid Off in the US

Bloomberg: The number of Americans filing applications for unemployment benefits unexpectedly declined last week to match a more than 42-year low, indicating employers are upbeat about an economy that bogged down in the first quarter. Jobless claims... — read more 

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| 1570 views | | 1 reply (June 22, 2016)
Post ID: @OP+GUMjzFz

Disappointment

My spouse of 20 years, worked as a director at Pearson VUE for 5 years, and I was really surprised he was laid off two weeks ago! I know he was outstanding and professional employee for long time; he went on business trip all the time and gave... — read more 

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| 1720 views | | no replies yet
Post ID: @OP+GSCHF4O

Pearson laying off 57 in Iowa City

Mar 31, 2016 IOWA CITY — Staff reductions continue at the Iowa City office of Pearson, the British educational publishing and testing company. Pearson plans to lay off 57 employees within the next 30 days at its North Dodge Street office, according... — read more 

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| 2030 views | | 3 replies (last April 11, 2016)
Post ID: @OP+GIGv3LU

John Fallon: We're making good progress and are already a quarter of the way through the restructuring work.

Dear colleagues, Today we’re publishing our full year financial results for 2015. As you all know, it was a tough year for Pearson. We’re still a strong, profitable company – we’re reporting a profit of £723 million, in line with the expectations we... — read more 

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| 2060 views | | 5 replies (last March 1, 2016)
Post ID: @OP+G8j9WUA

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