Pearson Cutting 4,000 Jobs as First-Half Sales Decline

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By: Rodrigo Orihuela and Kristen Schweizer | Bloomberg

Pearson Plc (PSON), the publisher of the Financial Times, said today it will have cut a total of about 4,000 jobs in the two years through 2014 and reported a sales decline of 6.5 percent for the first half.

The cuts are equivalent to about 10 percent of the global workforce, Chief Executive Officer John Fallon said on a conference call today.

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