Hachette lays off 3% of staff amid book prices row with Amazon

US publisher will cut staff as 'cost-saving initiative' while row with Amazon continues to hamper ability to sell booksHachette, the multinational book publisher embroiled in a public spat with Amazon, announced that it will be laying off about 3% of its staff on Thursday."Today, we had to make some difficult changes at HBG as part of a cost-savings initiative that will improve our company's resilience to a changing marketplace and position HBG for future growth. Unfortunately, these changes mean that some of our colleagues will be leaving the company," the book publisher said in a statement on Thursday. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2014-06-06 00:00:00 UTC ]
News tagged with: #book publisher #changing marketplace #future growth

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The Chief Executive of Hachette Book Group to Step Down

Michael Pietsch will be replaced on Jan. 1 by the chief executive of Hachette UK, who will helm both divisions, bringing them into closer alignment. Continue reading at The New York Times

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3 New Books on How Cash Rules Everything Around Us

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G/O Media Shutters Jezebel, Lays Off Staff and Editorial Director Merrill Brown

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Hachette Book Group Reports Third Quarter Revenue Dip

CEO Michael Pietsch said the 5.2% decline was attributable to "a lighter publication schedule" compared to the same period last year and "a downward trend" in the overall publishing market. Continue reading at Publishers Weekly

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AI Detection Startups Say Amazon Could Flag AI Books. It Doesn't

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Amazon restricts authors from self-publishing more than three books a day after AI concerns

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