Penguin Random House announced company-wide layoffs this week, with an estaimed 60 people impacted. Nihar Malaviya, the interim CEO, wrote:
We are halfway through 2023, and while the book market has grown, particularly over recent years, we have also faced significantly increased costs in all areas across the board, and we expect these increases, as well as inflation, to continue. We have been taking various actions over the last months ...Read More
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