Hearst-Owned CDS Global Slashes 280 Jobs
Subscription fulfillment provider CDS Global, which is owned by Hearst, has cut 280 jobs as part of recent restructuring within the company. CDS and other such providers have been facing economic obstacles as of late, with 44 of the titles CDS serviced no longer in existence. And, it seems, more and more subscribers are using the internet rather than mail to order subscriptions.
As part of these changes, CDS Global is closing its Iowa-based mail processing facility within 60 days, leaving 180 people without a job.
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