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Pearson Cuts 10% of its Workforce

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Pearson has long held the position of largest educational publisher. However, times have been tough for publishers for the recent past and Pearson has not been immune. Last year, it sold off its stake in the Financial Times and The Economist and decided to focus on educational publishing. Late January, Pearson announced that it would cut 10% of its workforce as its newest measure to retain investor confidence despite sharp profit losses predicted for 2015 and 2016. A change of focus in 2013 on digital publishing was supposed to lead to profits by 2015… the new restructuring highlights that changes over the past few years have consistently failed to turn the publishing giant back onto the road of profit and stability.

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