Oxford University Press Lays Off 60 Employees
In cuts that ranged between the New York and North Carolina offices, 60 workers have been laid off at Oxford University Press.
The cuts will help the company cope with upcoming reductions in school and library budgets in the coming year, Publishers Weekly reports. The cuts will affect roughly 8.5 percent of the publisher's 700 employees in the United States.
From the report: "OUP spokesperson Christian Purdy said besides shedding jobs, the press was not planning any dramatic cuts to its publishing program or to any other strategic initiatives. Purdy said the cut was made in anticipation of a reduction in state and library budgets for next year." (Via.)
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