Barnes & Noble hands off some tech services for Nook

Book retailer Barnes & Noble is bringing in help to manage its struggling Nook reader in a cost-cutting move that will lay off 99 workers.

The changes announced Thursday include turning over responsibility for some of the Nook's technology to a contractor, Bahwan CyberTek.

The hand-off will allow Barnes & Noble to close offices in Santa Clara, California, and Taiwan. That will result in 80 workers losing their jobs in Silicon Valley and another 19 in Taiwan.

New York-based Barnes & Noble Inc. expects to save about $13 million annually.

Despite the cutbacks, Barnes & Noble says it's committed to the Nook, an electronic reader released in 2009.

Sales of the Nook have fallen 29 percent to $150 million during the first three quarters of Barnes & Noble's fiscal year.


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Citation: Barnes & Noble hands off some tech services for Nook (2016, April 8) retrieved 27 June 2022 from https://phys.org/news/2016-04-barnes-noble-tech-nook.html
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