On Monday, Penguin Random House US managers executed selected layoffs in publishing groups and functions across the company. The company declined to provide any specifics about the number of people affected, though the layoffs are thought to number about 60 according to multiple people. Interim ceo Nihar Malaviya wrote to staff about the changes on Tuesday morning: “We are halfway through 2023, and while the book market has grown, particularly over recent years, we have also faced significantly increased costs in all areas across the board, and we expect these increases, as well as inflation, to continue. “We have been […]
