Penguin Group to Slash 10 Percent of UK Staff
July 7, 2009Penguin Books, a division of Pearson, will cut about 10 percent of its UK staff, according to several reports today.
"Digital technology is altering the shape of book publishing, creating tremendous new opportunities but also putting unprecedented pressure on our costs and our traditional ways of working," said John Makinson, Penguin Group chairman and CEO in a statement.
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