Penguin Random House is moving offices in 2019. The publisher is planning to bring together its two offices under one roof.
The employees located at the Hudson Street offices will be moving to the main offices at 1745 Broadway in early 2019. The move comes after the company got a deal from their landlord in midtown presented them with a deal on space in the same building. The move will save the company approximately $20 million a year. Penguin Random House CEO Markus Dohle revealed the details in an email to staffers. Check it out:
The building move will bring about physical shifts for many teams, but it will not cause our organizational structure to change in any way. Penguin Random House is home to a creative community of independent publishing divisions and imprints, and as with the current lower floors at 1745, our new space in the upper floors will reflect this structure and be designed in a traditional combination of offices and workstations grouped by publishing division, to accommodate everyone.