Pearson, Ex-Owner of Financial Times, To Shed 4,000 Jobs

Pearson, the troubled British publisher, said on Thursday that it would eliminate 4,000 jobs worldwide as part of a continuing restructuring by the former owner of The Financial Times and The Economist to shift its focus primarily to its international education business.

The move comes as Pearson, which makes the bulk of its sales from its educational-testing activities in the United States, warned of weaker profit as an improving American job market slows college enrollments. That, by extension, has slowed demand for its textbooks and standardized testing services, which are the most commonly used for higher education admissions in the United States.