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Apr 03 2020
Macmillan Publishers has laid off an undisclosed number of employees across all divisions, temporarily reduced pay for select employees, and implemented a hiring freeze, effective April 2. As a result of the layoffs, the Thomas Dunne imprint has been shuttered. The move is part of a larger cost-saving initiative by Macmillan parent company Holtzbrinck, Macmillan said, and in response to the anticipated impact of the new coronavirus pandemic on Holtzbrinck's overall businesses.
The salary reductions, which will last through June, are structured according to salary level. Employees making $60,000 a year or less will not see their salaries affected, a Macmillan spokesperson confirmed. Those with salaries above that level will have their pay cut by a percentage that "increases to 20% and 33% as salary increases..."
L.A. Women by Ella Berman
Two ambitious writers in 1960s LA face betrayal when one writes a novel based on the other's life.
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