Jan 31 2023
HarperCollins, which laid off a "small number" of workers last fall, is taking more drastic steps to reduce its workforce, and plans to cut 5% of its employees in North America by the end of the current fiscal year, which ends June 30. Some jobs were eliminated today.
In a memo to employees, HC CEO Brian Murray wrote that the sales surge the industry and HarperCollins experienced during the pandemic has “slowed significantly as of late.”
In addition to lagging demand, Murray pointed to “unprecedented supply chain and inflationary pressures.
HC has a worldwide workforce of about 4,000, with its largest operations located in the U.S. and Canada. The news of the layoffs comes a few days after HC said it had agreed to work with a mediator in an attempt to end the ongoing strike by some 240 union members.
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