Thread regarding Pearson PLC layoffs

Pearson business cycle

Pearson business cycle is defined as follows:

  • Lower earnings expected

  • Annual 3000 layoff

  • Restructure

  • CEO get pay increase and bonus

  • Repeat

Eventually there will be nobody left.

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you forgot the part where they layoff the wrong people. and not the lame middle and upper management that have made their careers off working 50% of the time and lying their way up the ladder.

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That's the strategy for every corporation post 2008. We are witnessing the planned implosion of this financial system.

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My favorite semi-annual Pearson tradition is when the stunned sales management team has their reps fill out the standard "why are bookstore orders down?" fire drill spreadsheet.

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So true

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