DOES NOT APPLY: The staff at BusinessWeek is safe, at least for now, from further job cuts. On Tuesday, The McGraw-Hill Cos. Inc. said it would cut 3 percent of its staff, leading some to wonder how that would affect its business title. A source close to the magazine said the 12 or so people that were let go last month, which was reported by WWD, count as part of that 3 percent. Moreover, the decision to lay off BusinessWeek staffers last month "was an action decided during the fourth quarter," so Tuesday's announcement by McGraw-Hill will have no further bearing on the magazine. — Amy Wicks
Memo Pad
Memo Pad: Numbers, Please... Over the Hill... Ashton Rocks Out...
by
Posted Thursday January 10, 2008
From WWD Issue 2008/01/10
DOES NOT APPLY: The staff at BusinessWeek is safe, at least for now, from further job cuts. On Tuesday, The McGraw-Hill Cos. Inc. said it would cut 3 percent of its staff, leading some to wonder how that would affect its business title. A source close to the magazine said the 12 or so people that were let go last month, which was reported by WWD, count as part of that 3 percent. Moreover, the decision to lay off BusinessWeek staffers last month "was an action decided during the fourth quarter," so Tuesday's announcement by McGraw-Hill will have no further bearing on the magazine. — Amy Wicks





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