Pearson announced results for the first half of the year and expanded on the details of their latest in a cycle of continuous restructuring, first announced in May. Another 3,000 employees will be eliminated over the next three years, “with a particular focus on managerial positions.” The company confirmed that it will spend £300 million of the proceeds from the sale of a portion of their stake in the Penguin Random House joint venture on a share buyback, and they set a new interim dividend of 5 pence per share (compared to 18 pence per share in 2016). Sales for the […]
