Pearson, the company behind Edexcel and BTEC, amongst others, are in the news today.
Pearson to cut 4,000 jobs after second profit warning in three months
“Faced with these challenges, we are today announcing decisive plans to further integrate the business and reduce the cost base, rationalise our product development and focus on fewer, bigger opportunities.”
Interesting language there, and a slight clash between it and the headline. Another article runs along similar lines:
Pearson to cut 10% of workforce as it issues profit warning
The company said Thursday it expects to report adjusted operating profit in 2015 of approximately £720 million and adjusted earnings per share of between 69 pence and 70 pence. It previously forecast EPS to come in at the lower end of a range of 70 pence to 75 pence. In October, the company also cut its forecasts.