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
The Merger is off
The Merger is officially off, now what's next? https://www.prnewswire.com/news-releases/mcgraw-hill-and-cengage-jointly-agree-to-terminate-planned-merger-of-equals-301051596.html
A growing number of senators oppose the merger
https://www.feinstein.senate.gov/public/index.cfm/press-releases?ID=3D89952F-F773-4297-9B96-80FFFAB62E56
New COO
Why is one of the private equity owners suddenly taking on COO? Preparing to liquidate the company now that the merger is not likely?
Do you think our pay will return to normal in October?
The exec team forfeiting an extra 5% is a slap in the face. CEO should be getting 0 and exec team should have been cut 50% or more. Tired of them patting themselves on the back for every cut they make. We should unionize.
Merger Prospects Growing Dim
"Put simply, given this large (and growing) number of opponents, there is very little chance the merger closes in its current form." https://www.natlawreview.com/article/uk-begins-phase-ii-probe-cengagemcgraw-hill-merger
Merger delayed until at least 10/20/2020
Press release just went out. What now?
Cengage-McGraw Merger in Peril?
A piece on the InsideHigherEd site, the proposed "McCengage" merger delay may spell chaos for the important fall start/selling season and may not end up going through at all. The major issue seems to be the amount of overlap in lists and the number... — read more
Deals with Provosts as universities
Anyone here know anything about the deals Cengage does with universities? Anyone ever heard of the Personalized Learning Consortium?
Earnings call scheduled for 2/13
Prediction: Cengage Unlimited is still an unqualified success. Full stop.
Merger Delayed Until 1 May
Merger deadline has been extended until 1 May 2020. Regulatory approval is still a question mark, as significant objections have been raised in the UK and in Australia, along with numerous groups in the U.S. (most notably the College Bookstore... — read more
What’s the latest?
Is the merger still on? Any idea when the cuts will start again?
The Merger is Close to DOJ Approval
https://nypost.com/2019/12/16/students-howl-as-mcgraw-hill-pearson-textbook-merger-nears-doj-approval/ The Department of Justice is on track to OK a merger of textbook sellers McGraw-Hill and Cengage despite vocal opposition by student groups who... — read more
No Merger
The merger is not going to happen. The DOJ wants McGraw to divest a number of key assets which it will not do. They are waiting, as long as possible, to let Cengage self annihilate and become a fire sale of assets. McGraw just went through extensive... — read more
When is the official Merger date?
When is the merger supposed to officially happen? Will the majority of remaining cuts happen ASAP or will it happen in March after the rush? Will the majority come from Cengage or McGraw?
It’s starting
Announcement just went out saying a board member has resigned. Things are going to get very interesting in January
Happy holidays
And all the best in 2020
Merry Christmas
I wanted to take this moment to thank MH, the executive team, IT, sales management, the coders in Boston and the marketing team for insuring that CU was a complete disaster. We did what we were told, we pushed your nonsense for 18 months, we... — read more
2020
So When do we merge from the mcgraw cengage lanes into the big McCengage super highway? How many will be cut and who's first?
Heard this recently
That after the merger and reducing 300 million in labor costs that even the platforms will be deleted. Mind tap aplia WA etc will be history.
Merger is inching closer
I have to admit I'm one of the (judging by this forum) few who is hoping the deal doesn't go through. Mergers always, and I mean always end up in major layoffs. And while some might be consolidation related, the companies usually use the opportunity... — read more
Annual Meeting in Orlando
So Michael Hansen only shows up to do the 30 minute Keynote 4 days into the annual meeting. He basically berates(does not even try to do the usual fake hype/motivational stuff) everyone for "looking over their shoulder"! Smart people should be... — read more
College Bookstores Oppose Cengage-McGraw Merger
https://www.insidehighered.com/digital-learning/article/2019/12/04/college-bookstores-group-opposes-cengage-mcgraw-merger
I WOULD LIKE TO KNOW
How is it that MH has fostered so much subversion and anger contrasted with the fake image that Cengage is a progressive, contemporary dynamic software enterprise with the world's greatest CEO? Yet, the complete opposite is projected here in this... — read more
Companies don't owe you loyalty
I do not understand why people think, or expect, companies to be loyal to them as employees. This is a capitalistic society. Money rules and employees are just that. They are people employed to make the company money. The company is the ruler – the... — read more
Issues with severance pay
Has anyone else in the October "RIF" not seen a direct deposit since November 1?
Who else is hoping to be laid off?
I would personally be overjoyed. A chance to leave this place with a decent safety net - can't get much better than that.
McGraw Hill Reports Strong Growth
https://finance.yahoo.com/news/mcgraw-hill-reports-strong-growth-134500869.html Astounding if they continue with the plan of putting Hansen in charge of a merged company.
Monday's Town Hall?
I'd be interested in thoughts or details from Monday's town hall meeting. No doubt much of it was predictable, but was there anything noteworthy?
Cengage doesn't value you
So many years I gave to this company, working late, overtime, from home, through breaks and lunches, furthering my education, and moving up to be let go right before the holidays. I really hope that the ones left do not make the same mistake I did in... — read more