Houghton Mifflin Harcourt announced that 166 employees — five percent of the company’s workforce — opted to participate in a voluntary early retirement incentive program, which had first been announced August 6 in the company’s quarterly report. The program was offered to all US-based employees who are at least 55 years old and have at least five years of service, comprising about 18 percent of the workforce. For the majority of employees who elected to leave, the decision was effective September 4, though a few are leaving later in the year. According to the SEC filing, the total one-time cash […]
