Pearson to axe 3,000 jobs after slump at main US business

Cost-cutting move aims to save educational publisher around £300m a year with a 10% cut in global staff after biggest loss in history in 2016Pearson is to cut 3,000 jobs as the embattled company looks to slash costs after a slump at its US higher education business.The world’s largest education company, which has issued five profit warnings in the last four years, intends to cut about 10% of its 32,000 global workforce. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2017-08-04 00:00:00 UTC ]
News tagged with: #profit warnings

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Friend of booksellers James Patterson will donate $500,000 to indie bookstores.

James Patterson has a long history of helping independent bookstores. In in 2014, he donated $1 million to indie bookstores, and staring in 2015, his Holiday Bonus program has given payments between $500 and $5,000 to bookstore employees each year. Now, as bookstores struggle to keep afloat... Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-03 14:23:07 UTC ]
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Our Personalized Quarantine Book Recommendations, Round 3

Two weeks ago, we put out a call asking that those of you who need something good to read in this trying, frightening time, might send us a few of your favorite books (and other things) so we could recommend a good book for you to read. And turns out quite a lot of you […] Continue reading at Literrary Hub

[ Literrary Hub | 2020-04-03 08:49:47 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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O’Reilly Cancels Events, Shutters In-Person Conference Business

Citing the impact of the pandemic, O’Reilly Media president Laura Baldwin announced that the publisher and technology education platform is canceling all future in-person symposiums and closing that portion of its business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-27 04:00:00 UTC ]
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Ruling the roost: Chicken House co-founders toast 20 years in business

The maverick, ‘free-range’ kids’ list has been behind a number of breakout authors and series since its inception in 2000—and has no plans to alter its approach any time soon... Continue reading at The Bookseller

[ The Bookseller | 2020-03-26 23:01:42 UTC ]
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Porter, Ellmann and Cumming make £10,000 RSL Ondaatje Prize longlist

Laura Cumming, Max Porter and Lucy Ellmann have been longlisted for this year's £10,000 Royal Society of Literature Ondaatje Prize, rewarding fiction, non-fiction or poetry – which best evokes the spirit of a place. The RSL is promoting the list on social media this afternoon, showcasing each... Continue reading at The Bookseller

[ The Bookseller | 2020-03-26 04:38:34 UTC ]
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Orme wins Business Book of the Year

Greg Orme's The Human Edge (Pearson Business) has been named book of the year the Business Book Awards. Continue reading at The Bookseller

[ The Bookseller | 2020-03-25 15:18:03 UTC ]
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Sales soar 2,000% for Little Princess picture book on handwashing

Parents keen to encourage children into good hygiene practices during the coronavirus outbreak turn to Tony Ross’s anarchic creation for helpParents desperate to persuade their children to keep washing their hands have been turning to Tony Ross’s anarchic creation the Little Princess for help,... Continue reading at The Guardian

[ The Guardian | 2020-03-23 12:31:25 UTC ]
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Hay Festival emergency fundraiser passes £75,000

The Hay Festival has soared past the halfway mark of its £150,000 crowdfunding campaign, launched after this year's event was cancelled. Continue reading at The Bookseller

[ The Bookseller | 2020-03-23 08:08:24 UTC ]
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Trade trio launches £10,000 crowdfunder for booksellers hit by Covid-19 crisis

Three members of the trade have launched a £10,000 crowdfunder raising money for hardship grants to help booksellers hit by the coronavirus crisis. Continue reading at The Bookseller

[ The Bookseller | 2020-03-23 07:43:54 UTC ]
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IPG, Bookazine Deemed Essential Businesses

With governors of both Illinois and New Jersey issuing shelter-in-place orders, IPG, located in Illinois, and Bookazine, based in the Garden State, said they remain open. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-23 04:00:00 UTC ]
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Pearson warns Covid-19 will hit profits and pauses share buyback

Pearson has warned its profits will be hit, and paused its share buyback, after the Covid-19 pandemic closed testing centres and saw US state assessments postponed or waived.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-22 23:25:19 UTC ]
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Penguin Business is to publish 'hilarious' and 'relatable' guide to working

Penguin Business will publish Cate Sevilla's guide to working titled How to Work Without Losing Your Mind.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-22 19:49:13 UTC ]
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‘House Beautiful’ Contracts ‘Business of Home’ for Guest Column

Like any serious entrepreneurial endeavor in the media business, Business of Home was born in 2009 out of the recognition of an underserved audience. Its founder and president, Julia Noran Johnston, who at the time had been working at Hearst Magazines, on the business side of Veranda, for five... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-19 18:28:29 UTC ]
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Eight Writers Awarded $165,000 Windham-Campbell Prizes

The winners of the 2020 Windham-Campbell Prizes have been announced. Each will receive $165,000 each to support their work. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-19 04:00:00 UTC ]
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Micropublisher 3 of Cups proposes initiative to help out writers with coronavirus-hit incomes

Indie micropublisher and not-for-profit 3 of Cups has announced a new initiative to help writers and artists who might have reduced incomes during the coronavirus outbreak.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 18:37:25 UTC ]
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Creative Industries Federation calls on government to help creative businesses survive

The UK's self-employed creative workforce will be "hit hard", according to the Creative Industries Federation, raising concerns the Chancellor's measures in response to the coronavirus outbreak "fall short of guaranteeing these workers’ income".  Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 05:26:17 UTC ]
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The Mirror and the Light shatters 100,000 mark

Hilary Mantel’s The Mirror and the Light (Fourth Estate) has claimed the UK Official Top 50 number one spot for a second week running.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-17 11:08:45 UTC ]
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Booksellers call for clarity from Johnson as coronavirus hits business

Booksellers have called for clarity from Boris Johnson’s government as measures to tackle the coronavirus outbreak hit the high street.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-17 08:20:02 UTC ]
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Emerald Publishing launches £20,000 fund to make coronavirus research available

Emerald Publishing has launched a £20,000 fund to cover article processing charges, supporting social scientists in making their research on health emergencies such as coronavirus rapidly available.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-16 15:58:43 UTC ]
More news stories like this | News stories tagged with: #emerald publishing