Thomas Nelson Cuts Ten Percent

From Christianity Today:

Thomas Nelson Cuts 10 Percent
Sales of religious books have declined by 8.9 percent this year.

Sarah Pulliam

Christian book publisher Thomas Nelson cut 10 percent of its workforce today, Michael S. Hyatt, President and CEO of the company wrote on his blog.

The company laid off 54 employees, the second round of layoffs at Thomas Nelson this year.

Wendy Lee writes at The Tennessean that sales of religious books alone have declined by 8.9 percent year to date, according to Subtext, a newsletter published by Open Book Publishing Inc.

In April, the company cut roughly 60 of its 600-plus employees at the time as it trimmed the number of book titles it publishes by half.

The decline in religious book sales follows a robust period for the sector from 2002 to 2006.

Another Christian publishing company, Zondervan, cut 18 positions earlier this year.