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'

Pippa Middleton book deal worth some $640,000

Pippa Middleton book: On Thursday her 416-page glossy hardback will be released in Britain. The title of the Pippa Middleton book of recipes and party planning tips? "Celebrate: A Year of British Festivities for Families and Friends" Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-10-23 00:00:00 UTC ]
More news stories like this |

Pearson acquires EmbanetCompass

Pearson has acquired education company EmbanetCompass for $650 million in cash. EmbanetCompass... Continue reading at The Bookseller

[ The Bookseller | 2012-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #$650 million

650,000 Reasons to Translate Finnish Literature

Looking ahead to Finland's turn as Guest of Honor at the Frankfurt Book Fair, lit organization FILI is offering translation support to international publishers. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2012-10-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #international publishers

Super Thursday celebs boost HB sector, but PB sales slump

Sales of hardbacks through Nielsen BookScan's top 5,000 chart jumped 11% week on week last... Continue reading at The Bookseller

[ The Bookseller | 2012-10-16 00:00:00 UTC ]
More news stories like this | News stories tagged with: #nielsen bookscan

Pearson apologises for delivery delays

Pearson has apologised to booksellers for a delay to deliveries which has led to some lecturers... Continue reading at The Bookseller

[ The Bookseller | 2012-10-15 00:00:00 UTC ]
More news stories like this |

Italian books trade slumping

The books market in Italy has “deteriorated significantly” in 2011 and the first nine... Continue reading at The Bookseller

[ The Bookseller | 2012-10-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #books market

'Business as usual' despite Springer sale report

A spokesperson for Springer Science and Business Media has said it is "business as usual... Continue reading at The Bookseller

[ The Bookseller | 2012-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #business media

Pivotal piracy case could put copyright trolls out of business

Association of American Publishers A Pennsylvania District Court judge seems to be fed up with copyright holders wasting the courts’ time and resources, ordering an adult movie studio and five anonymous alleged copyright infringers to present their respective cases to court in a bellwether... Continue reading at PC World

[ PC World | 2012-10-10 00:00:00 UTC ]
More news stories like this | News stories tagged with: #litigation expenses #aggressive agenda

Marjorie Scardino steps down as Pearson CEO after 15 years

Marjorie Scardino, chief executive of Financial Times publisher Pearson, is stepping down at the end of 2012 and will be replaced by John Fallon, chief executive of Pearson's international education division. Continue reading at Media Week

[ Media Week | 2012-10-03 00:00:00 UTC ]
More news stories like this | News stories tagged with: #john fallon

Pearson boss Scardino steps down

Dame Marjorie Scardino, the first woman to head a FTSE 100 company, is to step down as chief executive of publishing firm Pearson at the end of the year. Continue reading at BBC News

[ BBC News | 2012-10-03 00:00:00 UTC ]
More news stories like this |

Pearson Foundation and Booktrust launch reading comp

Children's author Jeremy Strong has launched a new national schools reading competition... Continue reading at The Bookseller

[ The Bookseller | 2012-10-01 00:00:00 UTC ]
More news stories like this | News stories tagged with: #pearson foundation

Newspaper Jobs Shrink 40% In 10 Years

While plenty of industries have shrunk over the last couple years, few have been hit as badly as newspaper publishing, which was already contracting before the economic downturn began. Since then, economic woes have simply reinforced the long-term tr ... Continue reading at Editor & Publisher

[ Editor & Publisher | 2012-09-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #couple years #newspaper publishing #long-term tr

Why Books Are The Ultimate New Business Card

“You don’t understand,” the three-time, big-six published author told me. “Books aren’t designed for you, the customer. Today, non-fiction books are business cards--for speaking, consulting, and deals.” I was meeting this friend for dinner in New York City and had mentioned a trend I had... Continue reading at Fast Company

[ Fast Company | 2012-09-18 00:00:00 UTC ]
More news stories like this | News stories tagged with: #best-seller lists #bad news #million copies

Book sales slump during Olympics

Printed book sales in the UK slumped 7% (£1.8m) to £24.5m week on week in the second... Continue reading at The Bookseller

[ The Bookseller | 2012-08-14 00:00:00 UTC ]
More news stories like this |

Quercus to publish 'business god' Boulle

Quercus is set to publish a new book from reality TV star Francis Boulle. The 23-year-old... Continue reading at The Bookseller

[ The Bookseller | 2012-08-14 00:00:00 UTC ]
More news stories like this |

Pearson launching degree course

International publisher Pearson is setting up a college in the UK to teach degree courses, a first for a FTSE 100 company. Continue reading at BBC News

[ BBC News | 2012-08-14 00:00:00 UTC ]
More news stories like this |

Asking 'Where's Waldo' helps increase local bookstore business

The 'Find Waldo Local' campaign, held nationwide for the month of July, had customers hunting for Waldo in independent bookstores and businesses. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-08-11 00:00:00 UTC ]
More news stories like this | News stories tagged with: #independent bookstores

Some good news for the book business

BookStats, an annual survey that tracks the American publishing industry, finds that, contrary to doomsday predictions, bookstores and paper-and-ink books are still in demand. Continue reading at The Christian Science Monitor

[ The Christian Science Monitor | 2012-07-19 00:00:00 UTC ]
More news stories like this | News stories tagged with: #book business #annual survey