More Layoffs In Publishing: This Time At Macmillan

By: Associated Press Email
By: Associated Press Email

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Another book publisher is cutting jobs: Macmillan, where authors include Thomas Friedman, Rick Atkinson and Janet Evanovich, is eliminating 64 positions, just under 4% of its work force.

"Going forward we are tightening our belts in response to the current recession, but we are also reorganizing and rethinking our business to position ourselves for the long term," Macmillan CEO John Sargent wrote in a company memo, a copy of which was obtained Monday by The Associated Press.

Simon & Schuster, Houghton Mifflin Harcourt and Thomas Nelson have also announced layoffs in recent weeks. Staff reductions are likely at Random House Inc., which is undergoing a significant consolidation. Other publishers have frozen wages or deferred raises.


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