Big 5 publishers Hachette Book Group (HBG) and HarperCollins have begun offering voluntary severance packages to employees with long-term service.

According to UK book trade publication The Booksellerthe offer is to staff over 50 years old and with at least 15 years’ service and is exclusive to US-based employees

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“In a message, Michael Pietsch, HBG CEO, said its voluntary resignation packages come in response to negative trends,” says Andrew AlbanesePublishers Weekly senior writer.

“For HarperCollins, this move is part of a previously announced plan to trim its workforce by 5% and part of that process is to offer these voluntary severance packages,” he tells me.


Author: Christopher Kenneally

Christopher Kenneally hosts CCC's Velocity of Content podcast series, which debuted in 2006 and is the longest continuously running podcast covering the publishing industry. As CCC's Senior Director, Marketing, he is responsible for organizing and hosting programs that address the business needs of all stakeholders in publishing and research. His reporting has appeared in the New York Times, Boston Globe, Los Angeles Times, The Independent (London), WBUR-FM, NPR, and WGBH-TV.
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