Fallon announced plans for more layoffs at the AGM today. Thousands of people already have, and will continue to lose their jobs under his leadership and this idiot doesn't have the decency to decline a very undeserved salary increase.
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Topics regarding layoffs at Pearson PLC
Seems reasonable. /
Are more layoffs coming in May? Or is Fallon done for now until 1st quarter next year?
Does anyone else find it ironic that US upper management DEMANDS that all business be closed out in OneCRM (and also provides gift incentives to do this), yet they will not provide 2017 sales goals to the reps for another few months?? They do this... read more
I just learned that some shareholders are planning to sue for over-optimistic forecasts by Fallon and his leadership team. Nearly every forecast they have put out has been delusional. They are either intentionally misleading shareholders or they are... read more
I don't know how many people were let go this week. I do know that most were over 40; probably over 50. I do know that many were top performers exceeding their goals year after year. I do know that some people were placed in new positions while... read more
Senior management has no answers or solutions. Serious tech players are fleeing, dead wood are clueless. 2018 looking worse than 2017.
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
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
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
"Moody's has shifted its outlook on (Pearson) to negative....Moody's reaffirmed its Baa2 senior unsecured rating, but has the company on watch due to the weaker-than-expected U.S. performance. "There is also little visibility on a pronounced recovery... read more
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
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
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
quote: Sen. Elizabeth Warren (D-Mass.) grilled secretary of education nominee Betsy DeVos on Tuesday, making the billionaire philanthropist’s lack of experience painfully obvious. video at:... read more
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
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
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
I needed to vent a bit as there are many rumors about layoffs in London.
Fallon is "getting Pearson growing again" by conducting yet another rounds of layoffs before the end of the year. Cuts started this week.
HoloCrap as one might say Pearson is so lost... Pearson, the world’s largest textbook company, has announced a collaboration with Microsoft at the EDUCAUSE 2016 to explore the power of mixed reality to solve real challenges in areas of learning... read more
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
LONDON—Shares in Pearson PLC tumbled on Monday after the educational publisher said weaker-than-expected trading in the higher-education sector in North America weighed down on nine-month sales. The U.S.-focused educational-products specialist, which... read more
Houghton Mifflin Harcourt Co. said Thursday that Chief Executive Linda K. Zecher has resigned after five years on the job and that it has started a search for her replacement. The education and publishing company said that while it conducts the... read more
Half the US wages and no support for our US users…sad…very sketchy UK executives ??
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
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
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
Pearson hit a three-month low on Thursday after weak results from two competitors deepened concerns that academic publishing is suffering from a structural downturn. John Wiley and Barnes & Noble Education both reported sharp falls in textbook sales... read more
While London-based Pearson Plc. has shrunk its local workforce dramatically since it acquired McMillan Publishers Ltd. in 1998, executives making a swing through Indiana to talk with educators this week said the firm’s future here is bright... read more
*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
CHANGING THE GUARD: Publishing and assessment giant Pearson Education has a new head honcho. On Friday the company owned by UK-based Pearson PLC announced that Kevin Capitani will replace Don Kilburn as president of Pearson North America. Capitani... read more
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
How many people did Pearson have to lay off to afford taking a large group to the Four Seasons in Whistler, Canada?
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
"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
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
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