HarperCollins Is Cutting 5% of It's North American Workforce - Publishers Weekly

Today, Panzer made a quick stop at the Publishers Weekly site. There he found a post about HarperCollins expense cutting measures. Last week Panzer told you about HarperCollins employee union negotiations.

 

Not a good time to be a publishers.

According to the post by Jim Milliot, HarperCollins has begun another round of employee layoffs. Citing the lack of sales and the increase in expenses as the reasons, the company will reduce its employee workforce by 5 percent by June 30.

 

 Panzer says, "Hmm ... 5 percent is actually a lot."

Note: This is a long-short post or a short-medium post. You decide. Bring a cup of cocoa and two chocolate chip cookies (biscuits) for today's reading.

To read the post tootle over to HarperCollins

To read Panzer's previous post tootle over to Harper Collins and Harper Union