Pearson to slash 3,000 jobs but profit jumps at PRH

Pearson to slash 3,000 jobs but profit jumps at PRH

A further 3,000 jobs are set to be axed at Pearson by 2020 as part of the company’s bid to save £300m a year, its chief executive John Fallon revealed as the company's half year results were announced today (4th August). Meanwhile trade publisher Penguin Random House had a “solid” start to 2017, the figures showed, with profit up 44% to £46m although revenue fell "slightly".

Revelations of further job losses in Pearson mean that since John Fallon became c.e.o. of the company in 2013, he has presided over 10,000 redundancies as the company shifts focus to becoming a pure-play education busi...

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