Thomas Nelson ceo Michael Hyatt announced layoffs at the company today via his active Twitter feed and then wrote further on his blog. “Today, was a very difficult day at Thomas Nelson. We informed fifty-four of our friends and co-workers (about 10% of our workforce) that we have eliminated their jobs, effective this Friday. This will affect nearly every department in our company.”
In April, the company eliminated “about 60” positions “because we have changed our business strategy.” But “this second round was purely a result of the slowdown in the economy,” Hyatt now writes. He admits, “As recently as September 19, I assured our employees that we were not planning another reduction in our workforce. It was not even a remote consideration. But the final September and October sales reports changed that.”
His blog is here.