Penguin Random House ceo Markus Dohle announced to staff in a letter that Penguin employees currently working at 375 Hudson Street and 345 Hudson Street will move uptown in early 2019 as the company takes over “essentially” the entire office space at 1745 Broadway. (The building has a residential component comprising the upper floors, in addition to the 25-story office condo.) Aside from the operational efficiencies and collegiality, Dohle says the company will save “approximately $20 million annually” in expenses after consolidating. Acknowledging having told employees previously “that there were no plans in the works” to consolidate the two groups, Dohle writes […]
