The sinking ship known as Reader's Digest Association has recently cut another 150 jobs worldwide. Thirty of these jobs were at the company’s Greendale, Wisconsin-based Reiman Publications. And that's the part of the company doing well! Ha ha.
In the White Plains, NY office, nearly half of the Children's Books division was sent packing, including a mid-west sales rep. Eliminating sales reps is a clear indication of throwing in the towel. It won't be long now before Children's Books is closed completely. I give it 2-3 months. The rest of the company? Maybe 6.
OK, let's all sit back and watch the ship sink now. Get some popcorn!
Meanwhile, RD is continuing their misguided "We Hear You America" campaign, which grants up to $50,000 to American cities in need. Hello? Your own employees are in need! They haven't gotten a raise in two years. Not to mention the ones laid off. Do you really think it's a good idea to be doling out money you don't have? Here's a tip to the cities that win grants: Cash the check as soon as possible.
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