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Pearson to Cut 4,000 Jobs, Reduces Forecasts

January 21, 2016
By Michael Cader

After first surprising markets by reducing their sales and profit expectations last October, on Thursday morning Pearson ceo John Fallon admitted “that the cyclical and policy related challenges in our biggest markets have been more pronounced and persisted for longer than anticipated.” Another round of restructuring and reorganization is expected to eliminate 4,000 jobs — or 10 […]

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Filed Under: Earnings Reports, Publishers

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