Indeed, the commentary on the progress of the restructuring program...is, at the margins, encouraging.” Pearson announced Q1 results this week , citing a 4 % drop and the loss of important contracts in America . The 172-year - old company has struggled in recent months , with market volatility in fast - growth regions such as Brazil and Saudi Arabia , as well as the economic downturn leading to a series of profit warnings . Despite the poor Q1 results , Chief Executive John Fallon , said Pearson was “ trading in line with the financial goals . ” The company recently announced it would be cutting 4,000 jobs in a bid to make savings .
Pearson announced Q1 results this week , citing a 4 % drop and the loss of important contracts in America . The 172-year - old company has struggled in recent months , with market volatility in fast - growth regions such as Brazil and Saudi Arabia , as well as the economic downturn leading to a series of profit warnings . Despite the poor Q1 results , Chief Executive John Fallon , said Pearson was “ trading in line with the financial goals . ” The company recently announced it would be cutting 4,000 jobs in a bid to make savings .