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

Other Publishing stories related to: 'Pearson to axe 3,000 jobs after slump at main US business'


Eaves' 'future classic' Murmur wins £30,000 Wellcome Prize

Will Eaves’ Alan Turing-inspired novel Murmur (CB Editions) has scooped the 10th Wellcome Book Prize, worth £30,000. Continue reading at The Bookseller

[ The Bookseller | 2019-05-02 00:00:00 UTC ]
More news stories like this | News stories tagged with: #future classic


B&T to Close Its Retail Wholesale Business

Baker & Taylor will close down its retail wholesale business in order to better align itself with the education focus of parent company Follett Corp. About 500 jobs will be lost in the process. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-05-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #baker taylor #education focus


Google's CallJoy is an AI phone operator for small businesses

Around a year ago, Google unveiled Duplex, an AI-powered feature that can call businesses and book appointments for you. Ahead of this year's I/O, Google revealed the other half of the equation, a virtual customer service agent that can automatically... Continue reading at Engadget

[ Engadget | 2019-05-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #small businesses #book appointments


Facebook leans harder into Groups as it redesigns main app

Facebook Inc. unveiled a redesign Tuesday that focuses on the Groups feature of its namesake social network, doubling down on a successful but controversial part of the big blue app. It’s another sign that Facebook is moving toward more private, intimate communication. The changes, announced... Continue reading at Baltimore Sun

[ Baltimore Sun | 2019-04-30 22:05:00 UTC ]
More news stories like this |


131-year-old Luke paper mill in Western Maryland to close, Verso Co. announces, eliminating 675 jobs

The Luke paper mill, an economic engine in Western Maryland for 131 years, will close by June 30, owner Verso Co. announced Tuesday. The shutdown means 675 people spread across Maryland, Pennsylvania and West Virginia will lose their jobs, the company said. The company said it had explored... Continue reading at Baltimore Sun

[ Baltimore Sun | 2019-04-30 22:00:00 UTC ]
More news stories like this | News stories tagged with: #announced tuesday #west virginia


Bonnier Promotes PopSci EIC Joe Brown to Lead 3 Additional Titles

Joe Brown, Popular Science’s editor-in-chief since 2016, is moving into the expanded role of VP, editorial director of the New York-based brands Saveur, Outdoor Life and Field & Stream, Bonnier Corp. announced on Tuesday. He is succeeding Anthony Licata, who departed the company after over... Continue reading at Folio Magazine

[ Folio Magazine | 2019-04-30 00:00:00 UTC ]
More news stories like this | News stories tagged with: #multiple platforms #focusing solely


'This generation is different'; Frances-White says women will take trade's top jobs

Almost 200 people attended the first official Conduit event, as host Deborah Frances-White spoke of how soon the industry’s top jobs will “routinely” be taken by women as this generation smashes the glass ceiling. Continue reading at The Bookseller

[ The Bookseller | 2019-04-26 00:00:00 UTC ]
More news stories like this | News stories tagged with: #top jobs #glass ceiling


Facebook anticipates federal privacy fine of up to $5 billion, sets aside $3 billion for payment

Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy. The company set aside $3 billion in its quarterly earnings reportWednesday as a contingency against the possible penalty but... Continue reading at Baltimore Sun

[ Baltimore Sun | 2019-04-25 02:15:00 UTC ]
More news stories like this | News stories tagged with: #$5 billion #$3 billion #company set


Pearson pays tribute to employee killed in Sri Lanka bombings

Pearson c.e.o. John Fallon has paid tribute to employee Dieter Kowalski, who was killed in the Sri Lanka bombings on Easter Sunday.  Continue reading at The Bookseller

[ The Bookseller | 2019-04-25 00:00:00 UTC ]
More news stories like this | News stories tagged with: #john fallon #paid tribute


SoA Awards prize money hits £100,000 as Longford shortlist revealed

The prize money for this year’s Society of Authors’ Awards will exceed £100,000 for the first time, say organisers, as the  Elizabeth Longford Prize shortlist is unveiled. Continue reading at The Bookseller

[ The Bookseller | 2019-04-24 00:00:00 UTC ]
More news stories like this | News stories tagged with: #prize money


Book Aid International given £500,000 by People's Postcode Lottery

Book Aid International has been given a £500,000 donation from a grant-giving trust funded by People’s Postcode Lottery players. Continue reading at The Bookseller

[ The Bookseller | 2019-04-17 00:00:00 UTC ]
More news stories like this |


Bertelsmann 'realigns' printing business, will close Nuremberg site

Bertelsmann plans to close its Nuremberg printing site by April 2021, and has begun immediate talks with employee representatives, with around 670 permanent staffers and 250 contract workers affected. Continue reading at The Bookseller

[ The Bookseller | 2019-04-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bertelsmann plans #printing business


How Austrian publisher Die Presse made its video business profitable

The Austrian news publisher has grown video revenues to 10% of digital ad revenue. The post How Austrian publisher Die Presse made its video business profitable appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2019-04-10 00:00:00 UTC ]
More news stories like this |


£500,000 boost for Pop Up Projects

The non-profit organisation Pop Up Projects has received £509,754 in funding to expand its children’s literature festival programme nationwide, including developing a bespoke festival for children with special needs in Kent. Continue reading at The Bookseller

[ The Bookseller | 2019-04-10 00:00:00 UTC ]
More news stories like this |


Kalimat Foundation Donates 2,000 Books to Italian Libraries

Kalimat Foundation has donated 2,000 Arabic-language children's and young adult books to 11 Italian libraries for Arab immigrant and refugee children. The post Kalimat Foundation Donates 2,000 Books to Italian Libraries appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2019-04-09 00:00:00 UTC ]
More news stories like this | News stories tagged with: #kalimat foundation


An Array of Business Updates at NEIBA Conference

Amid a daylong series of author readings, educational sessions, and a town hall, NEIBA attendees heard updates on the latest bookstore financials, the progress on ABA's pre-order campaign, and how the installation of Batch is proceeding. Continue reading at Publishers Weekly

[ Publishers Weekly | 2019-04-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #neiba conference #author readings #educational sessions #town hall


Burns and Stagg shortlisted for £30,000 Rathbones Folio Prize

Man Booker Prize winner Anna Burns and Guy Stagg are among the eight authors shortlisted for the £30,000 Rathbones Folio Prize with indie publishers dominating this year’s award.  Continue reading at The Bookseller

[ The Bookseller | 2019-04-05 00:00:00 UTC ]
More news stories like this | News stories tagged with: #authors shortlisted


Bloomsbury Business lands Springer guide to building a female brand

Bloomsbury Business has landed a guide by UK marketing specialist Kubi Springer on how to build a powerful female brand. Continue reading at The Bookseller

[ The Bookseller | 2019-04-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #bloomsbury business


Kogan Page title scoops Business Book of the Year award

Indie Kogan Page is celebraing after The Leadership Lab: Understanding Leadership in the 21st Century by Chris Lewis and Pippa Malmgren, was named the Business Book of the Year 2019 at the Business Book Awards. Continue reading at The Bookseller

[ The Bookseller | 2019-04-04 00:00:00 UTC ]
More news stories like this | News stories tagged with: #21st century #business book


City health insurer Kaiser Permanente paid Baltimore Mayor Pugh $114,000 for her 'Healthy Holly' books

Health provider Kaiser Permanente paid Baltimore Mayor Catherine Pugh more than $100,000 to buy about 20,000 copies of her “Healthy Holly” children’s books during a period when the company was seeking a lucrative contract to provide health benefits to city employees. Kaiser confirmed Monday to... Continue reading at Baltimore Sun

[ Baltimore Sun | 2019-04-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #healthy holly #lucrative contract