Taunton Press Eliminates 40 Positions
Cuts represent 20 percent of workforce.
According to a source, the cuts represent about 20 percent of the workforce, were widespread and not limited to a particular brand or department. There are no plans to discontinue any brands.
"Tough day at Taunton Press; eliminated the roles of 40 talented & passionate people as part of trimming product lineup. Thank you to every one of them for all the hard work. Our path ahead will emphasize product strategies that build loyalty among our customers and deliver value to our advertisers. We remain committed to each of our markets and our bellwether brands in woodworking, homebuilding, cooking, sewing and gardening."
After working with Taunton senior management as a consultant for several months to explore ways to boost revenues, McCarthy took the helm as interim CEO in January when then-president Tim Rahr announced he was stepping down. Taunton officially named McCarthy to the CEO spot in mid-April.