Thursday, December 4, 2008

It looks like Simon & Schuster is in trouble, too

"Layoffs at Random House, Simon & Schuster" —
(From Salon by Hillel Italie)

Simon & Schuster has been helped by President-elect Barack Obama's embrace of Doris Kearns Goodwin's "Team of Rivals," but not enough to save some 35 positions, about 2 percent of the staff. CEO Carolyn Reidy said in a company memo Wednesday that "today's action is an unavoidable acknowledgment of the current book-selling marketplace and what may very well be a prolonged period of economic instability."


Post a Comment