Thread regarding Pearson PLC layoffs

4000 more layoffs

Restructuring includes "cutting 4,000 jobs, about 10% of its global workforce, as well as other steps to bring its overhead and expenses lower...." ...Pearson is undergoing its second restructuring since 2012 with this latest announcement, and combined, it will have cut nearly 10,000 jobs between the two restructuring, largely related to its back office and print operations. In short, part of the cuts are elimination of what management is finding as redundant personnel, but primarily due to shrinking demand for printed media such as textbooks.

http://www.fool.com/investing/general/2016/01/21/pearson-plc-adr-stock-surges-16-on-restructuring-h.aspx

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| 1991 views | | 1 reply (January 27, 2017) | Reply
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This is regarding 2016's layoffs, not 2017. I have no doubt there will be more layoffs in 2017, but the article isn't about 2017 restructuring and layoffs. Those 4,000 layoffs were already done last year.

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