Time Inc., the publisher of magazines including Time and Sports Illustrated, has begun eliminating about 6% of its head count—nearly 500 jobs—in the biggest round of cuts at the company since 2008."With the significant and ongoing changes in our industry, we must continue to transform our company into one that is leaner, more nimble and more innately multi-platform," CEO Laura Lang said in a memo to employees today. "To make this change, we need to operate as smartly and efficiently as possible to create room for critical investments and new initiatives. These reductions are part of this important transformation process. "Meetings with affected employees began Wednesday morning and were expected to continue throughout the day.Staffers had been enjoying a bit of a respite from the regular layoffs under former Chairman and CEO Ann Moore, who eliminated thousands of jobs through cuts and magazines sales in the 2000s. But they also expected a large swing of the axe sooner or later under Ms. Lang, a publishing novice who joined from Digitas in January 2011. One of her first moves was to call a top-to-bottom review facilitated by consultants from Bain & Co., evaluating priorities, opportunities and trouble spots.Time Inc. counted as many as 12,000 employees as recently as 2007, but was down to 8,000 before today's cuts.Time Inc. is not alone in reducing head count, but the scope of today's action is broader than others. Meredith Corp., the publisher of magazines such as... Continue reading at 'Crains New York'
[ Crains New York | 2013-01-30 00:00:00 UTC ]
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Dover's decision to restructure its frontlist is being accompanied by layoffs that parent company LSC Communications said are needed to align its costs structure. Continue reading at Publishers Weekly
[ Publishers Weekly | 2019-11-12 05:00:00 UTC ]
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Reporter says every member of the news team received a letter about redundancies on Tuesday morningThe Australian arm of BuzzFeed will have to cut 11 staff as a global downsizing strategy targets 200 of the digital publisher’s international workforce.BuzzFeedOz news reporter Alice Workman said... Continue reading at The Guardian
[ The Guardian | 2019-01-29 00:00:00 UTC ]
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The $12.99/month package bundles online access to the Times with nearly unlimited ebooks, audiobooks, and other material from Scribd. With 3.8 million subscribers–2.9 million paying just for digital access–The New York Times has been one of the early success stories for paywalls, which partly or... Continue reading at Fast Company
[ Fast Company | 2018-10-17 00:00:00 UTC ]
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Four jobs have gone in the UK as part of the recent round of job cuts revealed with the company's half-year results yesterday, a Quarto spokesperson has confirmed. Continue reading at The Bookseller
[ The Bookseller | 2018-09-19 00:00:00 UTC ]
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Quarto has reported an "encouraging" trading performance for the first six months of 2018, including a group revenue rise of 12% year-on-year to $56.2m (2017: $50.2m) and an improved gross profit margin of 50.1% (2017: 48.2%). Continue reading at The Bookseller
[ The Bookseller | 2018-09-18 00:00:00 UTC ]
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Mark Thompson says site’s attempts to rank news outlets sounds like ‘controlled society’Facebook should consider completely removing news from users’ feeds unless it can find a way to avoid low-quality stories clogging up the site, the chief executive of the New York Times has said.Mark Thompson... Continue reading at The Guardian
[ The Guardian | 2018-08-03 00:00:00 UTC ]
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Meredith Corp., which bought Time Inc. and its stable of magazines in January, plans to sell flagship publication Time as well as Sports Illustrated, Fortune and Money after completing a review of the $1.8 billion deal.The company also intends to eliminate about 1,000 jobs over the next 10... Continue reading at Advertising Age
[ Advertising Age | 2018-03-22 00:00:00 UTC ]
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The worldwide educational publisher hopes to save 300 million pounds over the next three years by reducing headcount. Pearson also reported that sales at PRH fell slightly in the first half of 2017, but that profits rose. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-08-04 00:00:00 UTC ]
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The Essential Job Interview Handbook will help job seekers prepare effectively for interviews and become familiar with different types of interview questions and styles of interviews. A unique feature of this book from Career Press is the multiple answers it provides for each question, rated... Continue reading at Betanews
[ Betanews | 2017-06-20 00:00:00 UTC ]
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As part of its effort to revamp its coverage of publishing, the 'New York Times' has eliminated a number of bestsellers lists, among them graphic novels/manga and mass market paperback lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-26 00:00:00 UTC ]
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A spokesperson for Pearson UK has said the company is "80% of the way there and ahead of plan" on its latest job-cutting restructure, as the wider company looks to make £250m annualised cost savings globally this year plus a further £100m in 2017. Continue reading at The Bookseller
[ The Bookseller | 2016-07-15 00:00:00 UTC ]
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Amazon is to create 1,500 new permanent jobs with the opening of fulfilment centres in Manchester and Leicestershire this Autumn. Continue reading at The Bookseller
[ The Bookseller | 2016-03-10 00:00:00 UTC ]
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Amazon is creating 500 new jobs by opening a 1m sq ft fulfilment centre in Coalville, Leicestershire. Continue reading at The Bookseller
[ The Bookseller | 2016-02-19 00:00:00 UTC ]
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More than 30 jobs set to be axed across parent company Johnston Press’s Scottish operationStaff at the Scotsman are gearing up for strike action as more than 30 jobs look set to go across parent company Johnston Press’s Scottish operation.The regional newspaper publisher is seeking to cut about... Continue reading at The Guardian
[ The Guardian | 2016-02-04 00:00:00 UTC ]
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Pearson is set to axe 500 jobs in the UK as part of its restructure this year, The Bookseller understands. Continue reading at The Bookseller
[ The Bookseller | 2016-01-22 00:00:00 UTC ]
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World’s biggest education publisher aims to make £350m in cost savings by the end of 2017Pearson is to cut 4,000 jobs after issuing its second profit warning in three months. The world’s biggest education publisher said it aimed for annual savings of £350m by the end of 2017 and it would end its... Continue reading at The Guardian
[ The Guardian | 2016-01-21 00:00:00 UTC ]
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90 staff to go as Postmedia deals with falling revenue by creating joint operationsCanada’s largest newspaper chain, Postmedia Network, is cutting 90 staff and merging newsrooms to cope with declining revenue and heavy indebtedness.In Vancouver, Calgary, Edmonton and Ottawa – cities where... Continue reading at The Guardian
[ The Guardian | 2016-01-20 00:00:00 UTC ]
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More than 50 jobs may be lost at Glasgow's libraries after £2.4m worth of cuts have to be made. Continue reading at The Bookseller
[ The Bookseller | 2015-11-10 00:00:00 UTC ]
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Search company unveils Accelerated Mobile Pages in bid to work with publishers, ad companies and rival platforms Google is attempting to counter the threat from ad-blocking and rivals Facebook and Apple by radically improving the loading speed of web pages on smartphones and tablets.Accelerated... Continue reading at The Guardian
[ The Guardian | 2015-10-07 00:00:00 UTC ]
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Fans of the classic science fiction novel recently got a look at a section of the book that was taken out before publication. 'Wrinkle' won the Newbery Medal. Continue reading at The Christian Science Monitor
[ The Christian Science Monitor | 2015-04-22 00:00:00 UTC ]
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