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Powell's Books to lay off 31 employees | The Digital Reader
Borders aren't the only bookseller who did badly this past year; Powell's Books laid off 7% of their workforce today, and everyone remaining with the company took a benefit's cut. Sales were down for 2010 and 2009 and they don't expect next year to be better. You have to have heard of Powell's Books; they're one of the largest indie booksellers anywhere. I've never bought from them, but even I know who they are. They've been an ebook seller since before I can remember, and they were one of the first ebookstores to sign with Google. As tragic as this might feel, it's the future of book selling. People want to buy cheap stuff on line. The only way indies will survive is to sell the experience. via Portland Mercury image by Paul Lowry Powell’s Books, one of the largest independent bookstores in the world, announced today the decision to reduce its workforce, a move that is part of the Company’s response to the unprecedented, rapidly changing nature of the book industry. Consumer behavior —- how, where, and what people read —- has changed dramatically over the past several years. It’s a story that’s hard to miss with daily articles [...]