As part of a strategic reorganisation, Crowdfunding publisher Unbound is making four of its editors redundant. The news was first confirmed by commissioning editor Simon Spanton this week via his Twitter account. Spanton tweeted:
So; my dream job is not to be as long a dream as I hoped. Due to cost-cutting I am one of four editors being made redundant at Unbound. I am gutted as I was working with amazing authors on amazing books. I am also in the market for editorial work (DM me).
He was in his editorial role for just over one year and formerly worked for publishers Orion and Gollancz. Spanton departs Unbound along with three other editors. CEO and company co-founder Dan Kieran confirmed the news to The Bookseller this week, stating that the publisher’s editorial team would be cut by a third.
I can confirm we have made four editorial redundancies in our team of twelve (having tripled the size of the team last June) as part of a strategic reorganisation. Redundancies in any business are always hard for everyone involved but Unbound has and will always continue to evolve. We’re growing fast with our trade sales up over 100% on last year, and we’ve broken our own crowdfunding records raising over £200,000 a month for the last three months alone. We are also making investments in AI (artificial intelligence) and machine learning, which will enable the evolution of our platform to continue.
Unbound is a community, platform and a publishing model using crowdfunding to assist authors publish their books.