Publisher and broadcaster Meredith Corp. revealed today it laid off 60 people, a little less than 2 percent of its total workforce of 3,400. The parent of mass women's brands like Better Homes and Gardens and Family Circle took a $7 million net special charge related to the layoff in its fiscal second quarter, which it’s expected to report on Jan. 24.
A company rep said the layoff’s impact was spread across the company and that a key factor was the desire to reduce overlap with recently acquired companies.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
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