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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I would not be surprised if Microsoft (or Amazon or Google etc) is interested in Pearson IP. Pearson wants to be a digital player but doesn't have the technical skillset. The major tech companies have the technology but not the IP. Nadella wants to grow Microsoft into other areas.
Why would Microsoft be interested in Pearson's K-12 business? Is vintage technology en vogue now?
I heard that Microsoft is going to buy the pearson k 12 division and the meetings are just a way to get it out in the open.
Except there was not a bloodbath of layoffs in field sales or with any management. A few LSCs got laid off (most found other jobs w Pearson) and very few in HSSL. It was mostly in marketing and editorial. Which was a huge mistake. Field sales and management went virtually untouched. Then a bunch of BS new jobs were created, so at the end of the day, headcount didn't decrease dramatically. HigherEd needs a complete overhaul with management mostly, and then salesforces.
Is everyone really buying that there will be no changes in the US higher ed market? It sounds like a smokescreen to keep all the reps and managers focusing on the business and not checking out during the slow summer period. I don't think anyone should be complacent as leadership cannot be trusted. In January 2016 they said there were not going to be changes on the US higher ed side, but the months after that it was a bloodbath of layoffs.
By the way, DDA is not working. The company is trying to make a cookie cutter model out of it but internally no one knows how to implement properly. The bookstore partners are far from launching it. There are a lot of administrative layers that no one wants to touch and customers are not embracing the model. The sales team consist of highly paid (6-figures) glorified reps and are touching each opportunity with zero to little movement. They have fancy titles with the hopes that it can secure a DDA contract, but in reality the sales team are just road warriors with an inflated T&E. They are not driving revenue and if they are, it equates to a 50 copy English comp adoption that the rep could have just closed. Pearson is hanging its hopes on this model hoping it will somehow stick.
I was surprised he said there would be no more bulk sell-offs. Must have missed where he ever provided that information to us to begin with? Meanwhile those sell offs costs reps 10s of thousands in hard earned bonuses. And drove students right to Amazon.
From the conference call yesterday by our fearless leader, sounds like no changes will happen in US HED. Which is crazy since that's where Pearson is bleeding $. So much for getting rid of all the useless overpaid positions and atrocious management (at ALL levels). And how many years have they pushed DDA as the savior but gotten nowhere with it bc they have no idea how to execute it?
Also- can he conduct a conference call and not bash Cengage and KS???
Again, you have management made up of book people who (for the most part) have no technical chops or any skills at managing technical initiatives or implementing new systems.
Anyone with decent technical skills is going to look elsewhere for work.
Pearson will continue to bleed technical staff and that can't be good for any digital transformation. All that's left is recent graduates looking for resume experience and dead wood looking to lurch towards retirement. Everyone else is running for the exits.
Sometimes I think those who lost their jobs were the lucky ones. There are so many bad decisions being made throughout the company. Leadership talks about doing the right thing for customers, yet never define the "customer". You try to do the right thing and then get reprimanded for it. This company is grasping at straws to stay afloat. Selling assets (i.e. Penguin, Financial Times, warehouses, etc.), cutting jobs, "focusing on large opportunities", and implementing new systems each year to make things better, has been disastrous at best. Leadership has lost sight of the customer. They have lost sight over our purpose. Open resources are slowly taking our business. Pearson management blames customers for the company's shortfalls. Now we are pushing business away with programs not well thought out.
For Higher Ed, it should be happening in the next few weeks or at least beginning of June. The time will allow reps and specialists who keep their jobs time to learn new territories and product. no one is safe and now is the time to start updating resume, network, and apply for other jobs. Don't bother applying internally as if they wanted to keep anyone, they would have just moved them into other roles. Let's see if the little boys clubs continue to stay in this next round.
I still see there is some bitterness about the LSC role -- don't blame the individuals in those roles, blame the knucklehead leadership that approved that position but did not define the role. Pearson has a ton of other roles that should be called out as well.
Bonus for absolutely no reason? Wait, is Fallon an LSC?
How do you get a bonus equal to 20% of your salary when you have never once met your goal in the 4 years under your leadership? and how do you keep a job after never meeting your goal? When is the board going to wake up and see that management, especially in the US, has literally tanked the company.Bad decision, after bad decision. And Pearson management was making fun of Cengage the past few years.....LOL.