Pearson Cutting 4,000 Jobs as First-Half Sales Decline
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Pearson Plc, the publisher of the Financial Times, said today it will have cut a total of about 4,000 jobs in the two years through 2014 and reported a sales decline of 6.5 percent for the first half.
The cuts are equivalent to about 10 percent of the global workforce, Chief Executive Officer John Fallon said on a conference call today. About 3,300 of that total were removed in 2013, Pearson said in February. The cuts will be partly offset by the creation of 1,800 jobs in the two-year period as the London-based company expands digital and emerging-market operations.