More cuts were announced in the publishing world today. Oxford University Press has laid off 60 employees from their New York and North Carolina offices, according to Galleycat. Out of 700 employees in the US, that's a significant number - and for each employee laid off and for the coworkers around them, that's a serious loss.
Sorry to hear it.
Part of me can't help but wonder where all this publishing might is going as people get laid off? All this knowledge and ability has to go somewhere, into some industry that is more profitable and sustainable. Where are the start-ups? Are smaller presses getting better candidates for open positions?
Where do publishers go when they get laid off?