Hachette announces layoffs, citing 'changing marketplace,' wanting to improve resilience, as company reported 6.2% drop in worldwide sales in Q1 this year; layoffs will affect less than 3% of company's workforce
June 6, 2014
– J.K. Rowling's publisher is laying off some employees amid a dispute with the industry's biggest book seller. Hachette Book Group cites a "changing marketplace" for layoffs that will affect less than 3 percent of its staff.
Hachette also publishes Stephenie Meyer, Stephen Colbert and other authors. It released a statement Thursday saying staff reductions were necessary for it to improve "resilience" in difficult times.
Hachette says the layoffs were planned before its recent standoff with Amazon.com. The Seattle-based online retailer has been restricting the availability of many Hachette books, reportedly because of a disagreement with the New York-based publisher over terms for e-books.
Hachette is owned by the French conglomerate Lagardere, which in May reported a 6.2 percent drop in worldwide sales for the first quarter of this year.
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