Meredith Corp. to Lay Off 40 Employees in Company Reorganization

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Just a week after reporting record earnings per share, Meredith Corp. (NYSE: MDP) announced that it will lay off 40 employees, half in New York, 10 in Des Moines and the remaining 10 at other locations, reports ABC News. Art Slusark, spokesman for Meredith, said the staff cuts are part of the company’s overall reorganization which included promotions, new assignments and a 1 percent reduction of the company’s 3,800-member workforce.

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