Macmillan Lays Off Some Staff, Temporarily Cuts Some Salaries

Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective today. Continue reading at 'Publishers Weekly'

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
News tagged with: #macmillan publishers #hiring freeze #effective today #macmillan

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PRH UK furloughs staff for 'long-term health' of company

Penguin Random House UK has revealed it is furloughing "some" of its staff across the business, extending to staffers in its London office. Continue reading at The Bookseller

[ The Bookseller | 2020-04-06 23:18:38 UTC ]
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Pan Mac announces pay reductions and distribution staff furloughed as sales drop over Covid-19

Higher paid staff at Pan Macmillan have been asked to volunteer for a pay reduction and employees at its distribution arm will be furloughed as the publisher unveiled measures to help “safeguard” its business during the Covid-19 pandemic. Continue reading at The Bookseller

[ The Bookseller | 2020-04-03 10:15:37 UTC ]
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Coronavirus Concerns Prompt Cost Cuts

The steady erosion of book sales is impacting all parts of publishing as the Covid-19 pandemic tightens its grip of the U.S. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-03 04:00:00 UTC ]
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Half Price Books Cuts Workforce By More Than 2,000

Half Price Books has laid off or furloughed 2,146 people, representing 78% of its workforce of 2,752. The company operates 126 stores in 17 states, all of which are closed. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-04-02 04:00:00 UTC ]
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‘Everyone feels the pain’: Major digital publishers enact pay and benefits cuts to stanch the bleeding

Several publishers have begun announcing their pay cuts and furlough plans as ad revenue continues drying up. Seeing patterns from previous recessions, former media execs explain why these cost controls are only temporary fixes. The post ‘Everyone feels the pain’: Major digital publishers enact... Continue reading at Digiday

[ Digiday | 2020-03-31 04:01:00 UTC ]
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Indigo Lays Off 5,200, Urges Shoppers to Buy 'True Canadian'

Indigo Books and Music, Canada's dominant bookstore chain, closed all of its 199 retail locations on March 18. On Friday, March 27, the company laid off 5,200 of 7,000 total employees. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-31 04:00:00 UTC ]
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Macmillan Withdraws from BookExpo 2020

Macmillan Publishers will not exhibit at BookExpo and BookCon 2020, making the house the last of the Big Five publishers to announce their withdrawal from the annual trade show. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-26 04:00:00 UTC ]
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Racing Post to temporarily suspend publication of print edition

• Tom Kerr: ‘We have been left with no other choice’• Cork racecourse becomes coronavirus testing centre The Racing Post, the sport’s trade newspaper, will “temporarily suspend” publication of its print edition from Friday, leaving a number of its journalists “temporarily stood down” while the... Continue reading at The Guardian

[ The Guardian | 2020-03-25 17:30:32 UTC ]
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Quarto 'pleased' to post 2019 profit, but pandemic forces cost-cutting measures

Quarto has posted a trading update for its 2019 results, saying it expects revenues to slip 9% to $135.8m (2018: $149.3m) but will be returning a profit of $2.9m.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 02:44:11 UTC ]
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The Bookseller survey: staff experiences of working through the coronavirus challenge

At the coronavirus outbreak reshapes our industry, The Bookseller is inviting staff members from across the book trade to share their experiences of working during the coronavirus outbreak. Continue reading at The Bookseller

[ The Bookseller | 2020-03-24 12:47:26 UTC ]
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Strand Bookstore Lays Off 188 Booksellers

The Strand bookstore confirmed Sunday that 188 employees, the majority of the bookstore’s staff, have been let go in the wake of the Covid-19 outbreak. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-22 04:00:00 UTC ]
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Barnes & Noble warns of potential cuts if stores close due to coronavirus

Barnes & Noble boss James Daunt has sent a letter to staff warning of potential lay offs if stores are closed due to the coronavirus. Continue reading at The Bookseller

[ The Bookseller | 2020-03-20 01:04:03 UTC ]
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Scholastic moves to cut costs as it anticipates coronavirus impact

Scholastic Corporation has said it expects business in the fourth quarter to be affected by coronavirus-related school closures and it is taking "agressive actions to reduce operating expenses throughout the Company" as a result, including the temporary closure of warehouse and distribution... Continue reading at The Bookseller

[ The Bookseller | 2020-03-19 15:51:43 UTC ]
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Macmillan drops controversial US e-book library policy

Macmillan has abandoned its controversial lending policy on e-books for US libraries in the wake of the coronavirus crisis. Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 05:44:27 UTC ]
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Coronavirus: Macmillan and PRH Ease Library Digital Book Availability

Macmillan's John Sargent reverses his controversial stance on library ebooks, and Penguin Random House announces a discounted program amid the outbreak. The post Coronavirus: Macmillan and PRH Ease Library Digital Book Availability appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2020-03-17 20:47:59 UTC ]
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Macmillan Walks Back Ebook Embargo

Macmillan Publishers has announced they will return to the library ebook pricing model that was in place October 31, 2019. Continue reading at Book Riot

[ Book Riot | 2020-03-17 20:14:04 UTC ]
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Macmillan Abandons Library E-book Embargo

“There are times in life when differences should be put aside,” reads a brief memo from Macmillan CEO John Sargent addressed to librarians, authors, illustrators, and agents, revealing that Macmillan will "return to the library e-book pricing model that was in effect on October 31st, 2019." Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
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Major Indie Bookstores Lay Off Hundreds

Three prominent bookstores, McNally Jackson in New York City, Powell's Books in Portland, Ore., and Busboys and Poets in Washington, D.C., have together laid off more than 600 employees as a result of the coronavirus crisis. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #coronavirus crisis #mcnally jackson #prominent bookstores


Major Indie Bookstores Lay Off Hundreds

Three prominent bookstores, McNally Jackson in New York City, Powell's Books in Portland, Ore., and Busboys and Poets in Washington, D.C., have together laid off more than 600 employees as a result of the coronavirus crisis. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-17 04:00:00 UTC ]
More news stories like this | All news stories tagged with: #coronavirus crisis #mcnally jackson #prominent bookstores