“Business Week,” the parent company carries out 550 layoffs to cut costs
Beijing News July 17, according to foreign media reports, the United States, “Business Week,” McGraw-Hill’s parent company, Thursday announced 550 layoffs to cut costs. It is reported that recently, McGraw-Hill is planning to “Business Week” sale, and has hired an investment bank.
McGraw-Hill said the 340 job cuts in education services sector is located, 85 were located in the financial services sector, 125 were located in the information sector and the media.
McGraw-Hill will be the second quarter of 24.3 million U.S. dollars before expenses for layoff severance pay and other related costs.
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