Simon & Schuster has “enacted a reduction in staff in which 35 positions across the company were eliminated, from areas including our publishing divisions and international, operations and sales,” according to a memo from ceo Carolyn Reidy. Despite having “literally examined our budget line-by-line to find those areas large and small where we might further economize,” Reidy says “today’s action is an unavoidable acknowledgment of the current bookselling marketplace and what may very well be a prolonged period of economic instability. In light of this uncertainty, we must responsibly position ourselves for challenges both near term and long.”
