McGraw-Hill Cuts 550 Employees
A few days after announcing that it was looking to sell BusinessWeek, publisher McGraw-Hill has revealed more cost cutting moves — namely laying off 550 staffers.
McGraw-Hill revealed the layoffs at the bottom on a press release today, which touted a new focus for the company’s educational division. While “strengthening its position” in the education market, McGraw-Hill has “realigned select business operations to further strengthen some of its other core offerings and to increase operating effectiveness and efficiencies.”
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