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Powell’s Books has laid off 31 employees. The employees worked in four different locations at the Portland bookseller.

According to Portland Mercury Blogtown, no managers were targeted for layoffs. The company will institute a pay freeze in July and stop making 401(k)s contributions on February 21st. Both of these conditions will be in effect for a minimum of one year.

Powell’s Books president Emily Powell had this statement, in the release:  “I feel it is critical to make some very difficult adjustments at this time, to address our current reality and to prepare the company for success in the future, a future that looks very different than our business today.”

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Why Talking to College Students Makes Me Love My Job...

You may have seen my Twitter post on Tuesday mentioning that that evening I was going to talk to a group of college students about working in publishing. And I was a little nervous. I didn't have stage fright--I do plenty of public speaking and it's been quite awhile since I've had the urge to barf in the hallway before I go on. I don't mind getting up in front of a group.

But I'm used to talking to fully-grown-up adults, not young adults. My last experience with teens was a career day presentation at my high school a few years back which was one of my worst public speaking experience to date. There was some sleeping, much staring out the window, a bit of nail polish picking. One girl rolled her eyes at me when I answered her question. I could not wait to get out of there.

But, as a wise agent friend of mine pointed out when I asked if college students were as scary as high school students: "Nah, only the best students go on to college. That whole 'desire to learn' thing that is anyone's guess in high school."

Thank you oh wise Michael Stearns: You were right. The YAs in the college class were eager. And prepared with questions. They were all interning. They were all facing their foggy futures and wanted to hear what I and my fellow panelists had to say about our careers in the publishing world.

One asked me about being at the same company for such a long time, and if it got boring. I told her I've been at F+W for going on 18 years, but I feel like I've worked for a number of companies. There have been several owners since I've been here. I've had seven or eight bosses. And, since I started, the Internet happened. Those are all good things. Even though I may be working on the same publications year after year, the way I do things, the technology I use, my ability to connect with my audience, the co-workers I interact with--these all have changed, some dramatically. Things stay fresh. There are always new challenges on my plate. There is always something else that keeps me excited.

During times like these when I read about lay-offs on a weekly basis, it's easy to get a little down about the publishing world, a little concerned. Talking to this Xavier University class gave me perspective and reminded my why I love what I do.

At one point I gave the students my somewhat New Age-y advice: Do your best to network, keep doing what you love doing, be opened minded, and the universe will steer you in the right direction. After so many years at F+W and so many years working on CWIM and our other publications, I still feel like the universe landed me in the right place.