Houghton Mifflin Harcourt stops acquiring books?

Eoin Purcell

UPDATE: PUBRANTS SAYS THIS DOESN’T INCLUDE KIDS! HERE
No seriously they have
Here & Here:

It’s been clear for months that it will be a not-so-merry holiday season for publishers, but at least one house has gone so far as to halt acquisitions. PW has learned that Houghton Mifflin Harcourt has asked its editors to stop buying books.

I don’t understand this entirely but I do see this as being an enormously worrying development!
Eoin

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