From the Boston Business Journal:
Apr 19, 2017 – Houghton Mifflin Harcourt Co., the Boston-based education publisher facing financial headwinds, said it plans to cut as much as 10 percent of its workforce in effort to save money, according to regulatory filing.
With a total workforce of 4,500 workers as of the end of last year, the cuts could mean up to 450 employees could be laid off… FOR FULL STORY.
From Jim Metrock: I do not know who is on Houghton Mifflin’s “drop dead” list for being terminated, but if you are presently working at Channel One News, you have to be concerned.
Houghton Mifflin has been propping up Channel One for three years now. The brand new CEO John Lynch, Jr. is probably ready to sweep out some the bad decisions made by his predecessor Linda Zecher. It was Ms. Zecher who made the bonehead decision to acquire the pariah of education, Channel One News, in 2014.
The public may learn the fate of Channel One on May 4 when Houghton Mifflin has a conference call with investors to discuss its first quarter financial results. Presumably the company will shed additional light on the proposed drastic cuts.