As part of an investor day presentation on Thursday, Houghton Mifflin Harcourt announced that it “will make changes connected with the company’s ongoing strategic transformation to simplify its business model and accelerate growth.” With a “streamlining of operations company-wide for greater efficiency,” that corporate-speak translates into another big wave of layoffs: Over 8 percent of employees will be fired as part of the exciting new strategy (and that’s with “taking into account new strategy-aligned positions that are expected to be added”). They didn’t provide a number of people to be fired, which is their style. But this is almost as […]
