MAIN NEWS HEADLINES
January 22 – January 29, 2008 Edition
Lays Off 14%
SEBASTOPOL, CA (Authorlink News, January 22, 2009) –O’Reilly Media, the technology company and Internet advocate, laid off 30 employees last week in an effort to restructure the Sebastopol-based tech publisher.
Company spokeswoman Sara Winge told the media that “We’re being hit by the economic malaise.”
The cuts represented about 14% of the company’s 222-person workforce, and included 21 layoffs at Sebastopol headquarters, and the rest in Cambridge, Mass.
O’Reilly Media made a name for itself as a publisher of high-tech books and an early advocate of the Internet.
The $70 million dollar company’s activities include online publishing, conferences and its traditional print publishing business.
Many publishing and bookselling companies have been hit with recent layoffs including cuts or salary freezes at Google, Barnes & Noble, HarperCollins, Houghton Mifflin Harcourt, Random House and Simon & Schuster.
The Digital Media branch of the company was restructured into one publishing division along with the company’s Missing Manual group, O’Reilly Technology Exchange and its Head First series, Winge said.
Tim O’Reilly, the company’s chief executive and co-founder, is a well-known Internet visionary.
The company remains confident in the future in the tech sector, Winge said.
Read more at The Press Democrat.com.