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Pearson Intends on Firing 4,000 People

January 22, 2016 By Michael Kozlowski 1 Comment

pearson

Pearson is the largest company involved in textbooks and educational materials. They are dialing back their workforce over the course of 2016 and will be sacking close to 4,000 jobs.  The company has cited that the decline of print is the culprit and they are investing heavily in online learning tools and digital resources for schools.

In order to cope with dwindling print sales Pearson has been overhauling and simplifying its businesses in the last three years. In July, 2015, Pearson sold The Financial Times for $1.3 billion to Japanese publisher Nikkei. A month later, it unloaded a 50% stake in the Economist Group, which publishes weekly magazine The Economist, to a group of investors for about $730 million.

Many people are unaware, but Pearson owns nearly half of Penguin Random House, the publishing conglomerate that is responsible for nearly 1/4 of all new books that are printed.

via USA Today

Michael Kozlowski (7733 Posts)

Michael Kozlowski is the Editor in Chief of Good e-Reader. He has been writing about electronic readers and technology for the last four years. His articles have been picked up by major and local news sources and websites such as the Huffington Post, CNET and more. Michael frequently travels to international events such as IFA, Computex, CES, Book Expo and a myriad of others. If you have any questions about any of his articles, please send Michael Kozlowski an email to michael@goodereader.com

Author Info

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Filed Under: Digital Education News

  • Martha Smith

    Ouch! I’ve met some nice, talented people who work for Pearson. It’s always sad when companies shed jobs. Hope everyone lands on their feet.

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