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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BookTrust gives The Bumblebear to 700,000 children

BookTrust is delivering 700,000 copies of picture book The Bumblebear (Random House) to every reception age child in England this autumn. Continue reading at The Bookseller

[ The Bookseller | 2017-05-09 00:00:00 UTC ]
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Pearson Plans More Cuts, May Sell School Group

Pearson said it has plans to further reduce costs by $300 million, and it is also reviewing its strategic options for the K-12 courseware business. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-08 00:00:00 UTC ]
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Pearson shareholders overwhelmingly reject Fallon's £1.5m pay

Pearson shareholders have rejected chief executive John Fallon's £1.5m pay package at the company's a.g.m. today. Continue reading at The Bookseller

[ The Bookseller | 2017-05-06 00:00:00 UTC ]
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My Job in 5: Jess Gofton

Jess Gofton tell us all about her role as marketing development officer at University of Wales Press as part of our Wales Regional Focus, the first of our Regional Focus series. Continue reading at The Bookseller

[ The Bookseller | 2017-05-06 00:00:00 UTC ]
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FTSE 100 boosted by Pearson and IAG

Shares in the education publisher jump after it announces plans for more cost cuts. Continue reading at BBC News

[ BBC News | 2017-05-05 00:00:00 UTC ]
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Pearson: two-thirds of shareholders reject pay package

Two-thirds of investors in the loss-making education publisher vote against John Fallon's pay rise. Continue reading at BBC News

[ BBC News | 2017-05-05 00:00:00 UTC ]
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Unit Sales Rose 3% at the End of April

At outlets that report to NPD BookScan, unit sales of print books were 3% higher in the week ended Apr. 30, 2017, than in the similar week in 2016. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-05-05 00:00:00 UTC ]
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Pearson shareholders reject chief executive's £1.5m pay package

Investors’ revolt against deal for John Fallon comes after educational publisher reports largest annual loss in its historyMore than six out of 10 Pearson shareholders have voted against the £1.5m pay package awarded to the embattled chief executive, John Fallon, after the educational publisher... Continue reading at The Guardian

[ The Guardian | 2017-05-05 00:00:00 UTC ]
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‘The future of their businesses is at stake’: European publishers are exploring alternatives to the duopoly

"Publishers everywhere are looking for answers, but this is an area European publishers are leading." The post ‘The future of their businesses is at stake’: European publishers are exploring alternatives to the duopoly appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-05-04 00:00:00 UTC ]
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My Job in 5: Kyrsten Lowell

Kyrsten Lowell from Gardie Grant Publishing tells us all about her role as gift and special sales assistant. Continue reading at The Bookseller

[ The Bookseller | 2017-05-04 00:00:00 UTC ]
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Amazon to create 1,200 new jobs with new Warrington fulfilment centre

Amazon is creating 1,200 new permanent jobs with the opening of a new fulfilment centre in Warrington. Continue reading at The Bookseller

[ The Bookseller | 2017-04-28 00:00:00 UTC ]
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United Airlines' policy changes include paying bumped passengers up to $10,000

United Airlines will offer up to $10,000 when a traveler voluntarily gives up a seat on an oversold flight, part of a policy overhaul following the passenger-yanking video seen around the world. The Chicago-based carrier is adopting 10 policy changes in response to the outcry over the April 9... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-04-27 00:00:00 UTC ]
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More than 150,000 explore everything from politics to poetry as L.A. Times Festival of Books comes to a close

Victor Rios, a sociology professor at UC Santa Barbara, believes that positive change in the criminal justice system is possible only when authority figures stop placing labels on youth from underprivileged neighborhoods and show more empathy. “We shouldn’t label them as being ‘at risk,’ we... Continue reading at Los Angeles Times

[ Los Angeles Times | 2017-04-24 00:00:00 UTC ]
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Pearson Strikes Textbook Rental Deal with NACS

Pearson will make 50 textbooks available for rent this fall in a deal signed with the National Association of College Stores subsidiary, indiCo. Continue reading at Publishers Weekly

[ Publishers Weekly | 2017-04-21 00:00:00 UTC ]
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My Job in 5: Niriksha Bharadia

Niriksha Bharadia from Faber & Faber tells us all about her role as social media assistant. Continue reading at The Bookseller

[ The Bookseller | 2017-04-21 00:00:00 UTC ]
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Pearson to partner with Chegg on textbook rentals

Pearson is to partner with American online textbook rental company Chegg to make its higher education textbooks more affordable to use. Continue reading at The Bookseller

[ The Bookseller | 2017-04-12 00:00:00 UTC ]
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'Front Row' gets weekend edition, but 'Saturday Review' is axed

BBC Radio 4’s arts and culture programme "Front Row" is to launch a Saturday "highlights" edition which will see the show extended to six days a week. Continue reading at The Bookseller

[ The Bookseller | 2017-04-11 00:00:00 UTC ]
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Industry Notes: New £20,000 ‘Kindle Storyteller’ Award; BookCon Announces Panels

The new Amazon UK Kindle Storyteller Award is open to writers everywhere, as BookCon in New York announces Margaret Atwood, Dan Brown for June 3 and 4. The post Industry Notes: New £20,000 ‘Kindle Storyteller’ Award; BookCon Announces Panels appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2017-04-11 00:00:00 UTC ]
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How top digital publishers are set up to get into show business

BuzzFeed, Bleacher Report, Mashable and Refinery29 want to get into show business. Here's how they are set up to do it. The post How top digital publishers are set up to get into show business appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2017-04-10 00:00:00 UTC ]
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