McGraw-Hill announced “it restructured a limited number of business operations and corporate
functions in the fourth quarter of 2008 to serve its markets more
efficiently in the current economic environment while positioning the
company for future growth.” Included in those cuts they shed another 215 jobs in the McGraw-Hill Education division, the hardest-hit of the four areas that were restructured. Those reductions came on top of 240 positions eliminated at the Education division earlier in the year.
Announcement
