On Thursday, the British based publisher Pearson announced that it would cut approximately 4,000 jobs as the company continues to restructure itself. Pearson is the former owner of The Economist and The Financial Times. This restructuring is a result of college enrollment levels which have begun to drop as the U.S. job market grows stronger. Pearson has begun to focus more on the educational products it provides, and falling enrollment has hurt the company's performance.
See Nicola Clark, New York Times, January 21, 2016