The Financial Times Group and Pearson English will form part of Pearson Professional.In July 2014, the company announced it had cut 4,000 jobs, representing 10% of the company's workforce.Pearson announced on 23 July 2015 that it had agreed to sell the FT Group, which includes business daily On 3 July 2017, Pearson sold its Tutor Vista and Edurite lines of business to India-based education technology company, In August 2017 Pearson announced that it would cut 3,000 staff in an effort to save £300 million annually.In November 2018 Pearson announced the launch of the Pearson Alumni Network.In 2019, Pearson sold its US K-12 business to the private equity firm Nexus Capital Management.Pearson in Practice Technology, formerly Zenos IT Academy, was only part of Pearson in Practice and was an institute offering government-funded apprenticeships for learners aged 16 to 24, and paid learning for people outside those boundaries. The new structure combines the separate education companies, Pearson International and Pearson North America under one Pearson company. It focuses on giving its candidates the ability to sit Pearson announced plans to exit Pearson in Practice on 7 January 2013, although learners already signed up will be supported until the end of their courses.Concerns exist around the amount of influence Pearson, being a commercial company, has on public education.In June 2010, Pearson plc received notification that the British multinational publishing and education companyUK national newspapers, magazines, and other periodicals"The Sennar Dam and the Gezira Irrigation Scheme", Pearson plc is a multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s.The construction business was shut down in the 1920s.In 1919, the firm acquired a 45% stake in the London branch of merchant bankers During the 1990s, Pearson acquired a number of TV production and broadcasting assets (including former Pearson purchased a series of other testing and assessment businesses, including Knowledge Technologies in 2004,In February 2008, Pearson announced the sale of its Pearson Data Management Division (formerly the scanner manufacturing and servicing division of NCS Inc.) to Pearson acquired Wall Street English for $145m in 2009Pearson entered into talks with rival conglomerate Bertelsmann, over the possibility of combining their respective publishing companies, In May 2013, Pearson announced a new restructuring plan to invest in digital learning and emerging markets, after predicting weaker earnings.The change supports the decoupling of the Penguin consumer publishing business into a separate entity with Random House (forming Penguin Random House). Pearson will organise around three global lines of business – School, Higher Education and Professional.
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