Perseus Books Group ceo David Steinberger announced “a reduction in staff” to employees last Thursday, along with “a summer furlough program, in order to limit the size of the reduction” with employees taking off no more than six unpaid days (including two extended holiday weekends). Steinberger also reported that “the senior leaders of the company have accepted a more significant compensation reduction to help prevent the company and our people from greater cuts.” Steinberger says “approximately 20 people are leaving the company” with “most reductions” coming from the company’s publishing units rather than the distribution services group. He indicates the […]
