To Stay Lean, Pearson Sheds Pounds and People


To Stay Lean, Pearson Sheds Pounds and People

Jul 28, 2014

NEW ORDER: Microsoft isn't the only big name bringing out the axe for the sake of reorganizing--and hopefully restoring--an iconic brand. Bloomberg reported that Pearson will have "cut 4,000 jobs in the two years through 2014" as part of the London-based publisher's restructuring efforts, first announced in May 2013. (Here's what CEO John Fallon shared with us back in November.) But while these layoffs represent about 10 percent of Pearson's global workforce, it will add 1,800 new positions to focus on digital and emerging markets. Pearson shares on both the New York and London exchanges are trying to recover after taking a dip in early 2014. The company is expecting business to remain sluggish in North America (due to lower enrollment forecast) as well as in the U.K.

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