Pearson to axe office space in restructuring
The shake-up of its corporate offices into a smaller footprint will cost £140m in 2021
8 March 2021 • 8:41am
Pearson will slash a significant amount of its office space as part of a "major restructuring" of the business.
The educational publisher became the latest FTSE 100 company to ditch large swathes of its property portfolio as it adapts to a more permanent shift to home working.
The restructuring of its corporate offices into a smaller footprint will cost £140m this year.
"As we change the way we work, we will simplify our property portfolio and occupy a significantly smaller square footage which will be fully technology enabled supporting collaboration and creativity," it said.