Pearson restructure to hit 500 UK jobs

Pearson restructure to hit 500 UK jobs

Pearson is set to axe 500 jobs in the UK as part of its restructure this year, The Bookseller understands.

The educational publisher announced it was set to slash 4,000 jobs - the equivalent of 10% of its workforce - in a bid to save costs in a trading update this morning. At the same time the company issued a profit warning.

Pearson said it has been forced to take "immediate and decisive action" following a "rigorous bottom-up review of Pearson’s markets" in a bid to get the company "growing again”.

It is too early to confirm which departments will be hit by the job losses, Pearson said...

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