Amana Images/Thinkstock(NEW YORK) — After a record loss last year, Pearson plans to slash 3,000 jobs worldwide.
The publishing company, which sells academic books and online teaching services, will cut down more than 9 percent of its workforce. This will affect back-office operations such as human resources and finance, according to the BBC.
In January, Pearson reported a slump in sales at its main operation: selling textbooks to college students in the U.
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S., the BBC reported. This comes as students switch to online textbooks and rentals.
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Pearson CEO John Fallon previously promised to cut annual expenses by $394 million by 2019.
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