Borders Cuts 20% of Corporate Staff
A total of 274 Borders employees were laid off, most of which were corporate employees in all departments except the buyer/planner group. According to the PW article, 156 positions at the Ann Arbor, MI, headquarters were eliminated and 118 positions at the distribution centers, field marketing organization and corporate sales division.
The loss of Borders would be devastating for the publishing industry as there would be half as much shelf space for books and thus decreasing the chances publishers will take on new and innovative writers.
Source: Publishers Weekly.