B-to-B Publisher Cuts Another Seven Percent
Reed Business Information is reducing its staff another seven percent this week, though the company has yet to release an exactly number of employees let go. This is the b-to-b’s second round of layoffs in three months.
Folio reports an RBI spokesperson as saying the cuts were “in response to economic conditions that continue to be unfavorable.” Affected employees will receive “severance benefits according to company policy.”
In January the company let go seven percent of its staff and instituted a company wide salary and hiring freeze.
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