We Hear: Reader's Digest To Lay Off 300
As part of a previously announced plan to reduce headcount, we hear Reader’s Digest Association will announce cuts of up to 300 employees at a series of internal meetings within the next week, according to a source inside the company. A 300-person layoff would represent approximately 8 percent of RDA’s total workforce.
A majority of the cuts will likely affect several of RDA’s foreign publications, “but I think there will definitely be some cuts” at RDA’s Pleasantville, NY headquarters, the source says.
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