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BREAKING NEWS & VIEWS
IDG Cuts 8% of Staff and Reorganizes The company said in a statement to minonline that the move is designed to “better support its Web-centric model,” which we gather entails more resource sharing across the brands. IDG says each of the brands will have dedicated editorial and ad sales staff, however. IDG claims that the results of eliminating these redundancies is an 8% cut in staff in the U.S. Laid-off employees will get severance and outplacement services, the company says. IDG joins many major b2b publisher in the U.S. that have made similar reduction and consolidation moves in response to double-digit declines in their print ad pages and an overall slowdown in event and online businesses. Reed Business Information cut its workforce 7% in January and another 7% in April. Questex laid off 40 workers last month as well. If you have breaking news to share please contact Steve Smith at ssmith@accessintel.com COMMENTS
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