“Lonely Planet has imposed a pay freeze with immediate effect after announcing that 50 jobs have been cut. . . .
“The travel publisher, which employs 500 people worldwide has axed 10% of its staff. . . . [Acting CEO Stephen] Palmer said they had made some, ‘difficult decisions in response to the prolonged and deep economic downturn.’ He said, ‘no-one knows what the future holds or can make any guarantees, but this step is our best effort at protecting ourselves from further cuts.'” (via The Bookseller.com)
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