From The Bookseller:
Faber has “closed” the positions of publisher for fiction and paperbacks and publisher for non-fiction and the arts, with Hannah Griffiths (pictured) and Julian Loose leaving their roles at the company.
Griffiths, publisher for fiction and paperbacks, will leave the company after 12 years, while Loose, publisher for non-fiction, who has worked at the company for 25 years, will stay on at the publisher until summer when he will become a consultant to Faber.
Mitzi Angel made the decision to restructure the editorial department following her appointment as publisher at Faber last year. Under the new structure, a group of editors—acquiring fiction, non-fiction, poetry and drama—will report directly to her.
. . . .
Angel was appointed to her position from Farrar, Straus & Giroux in New York.
Link to the rest at The Bookseller
25 and 12 years working for the same company. On some occasions, good employees turn bad, but, in PG’s experience, that most often happens within a few years. In a shrinking business, there’s always someone who comes in from New York or some other suitably distant location to fire people who the new boss doesn’t know.
PG isn’t certain who first coined the saying, but his first thought on reading this story was, “You can’t cut your way to success.”