Thomas Nelson ceo Michael Hyatt announced layoffs at the company today via his active Twitter feed and then wrote further on his blog. “Today, was a very difficult day at Thomas Nelson. We informed fifty-four of our friends and co-workers (about 10% of our workforce) that we have eliminated their jobs, effective this Friday. This will affect nearly every department in our company.” In April, the company eliminated “about 60” positions “because we have changed our business strategy.” But “this second round was purely a result of the slowdown in the economy,” Hyatt now writes. He admits, “As recently as […]
Layoffs
Big Library Cuts in Philadelphia
As municipalities across the country face large gaps in their budget, Philadelphia is taking “drastic new steps” to face the “economic storm” that include closing 11 of the 54 branch libraries that comprise the Free Library of Philadelphia. Three other branches will have Sunday hours eliminated. Mayor Michael Nutter said the branches were chosen “after careful review of building conditions, utilization and distance to other libraries in the Free Library system.” Cutting 220 jobs throughout the city government, approximately one third of those layoffs will come from the library staff.ABC News
Layoffs at Rodale
The company is cutting approximately 10 percent of its staff, comprising 111 employees in all. The Allentown Morning Call says that 73 of the cuts will come from their Emmaus headquarters; the remaining 38 are in New York and regional sales offices. Rodale says in a release it is “eliminating or consolidating positions in several of its divisions, including operations, IT, customer service and some publishing departments in order to shift resources toward its highest growth potential activities.” As the NY Post notes, “the job cuts come after the privately held company sought unsuccessfully to find a strategic partner to […]
Company News: Lulu Layoffs; Harper Studio UK; and More
Lulu.com is laying off 24 employees, almost a quarter of their workforce of 100. The reductions include recently-hired president Bryce Boothby Jr. and European vp Cristel Lee Leed. The company plans to relocate its headquarters from Morrisville, NC to Raleigh within the next few months. CEO Bob Young tells NewMediaAge “with the credit and capital markets frozen solid Lulu couldn’t continue burning through money at its previous pace. We’re very disappointed…. we were forced into a position of having to cut costs.” Bob Miller’s Harper Studio has made an agreement with Harper UK to provide for direct publication in the […]
Greenwood Publishing Office to Close
Following the license of Greenwood Publishing Group’s imprints and titles to ABC-CLIO, Houghton Mifflin Harcourt will close Greenwood’s Connecticut office and layoff approximately 150 employees as a result, a source tells Westport Now. That source says layoffs will begin in early December. The owner of the office building “said he understands that some workers have been offered jobs in Santa Barbara, Calif., and in Colorado.”
Virgin Books Closes NY Comics Office
Virgin Books’ Comics unit–a partnership with India-based comics publisher Gotham Entertainment–will close its New York office and reorganize. Eight people have been laid off, citing the “the current macro-economic downturn,” but the companies hope to set up a new office in Los Angeles. Reuters notes: “The company launched in 2006 with Virgin Group chief Richard Branson, author Deepak Chopra and filmmaker Shekhar Kapur among its founders. It began by publishing comics inspired by Indian and Hindu mythology and then moved into a line known as Director’s Cut, which attempted to lure filmmakers into the comics world in hopes of subsequently […]