New York—In the wake of a reorganization announced last week, Reed Business Information U.S. has made a round of job cuts, according to media industry sources.
News reports placed the job cuts at 7% of the work force. Industry observers said those cuts and the reorganization are a reaction to the economic downturn and could also be interpreted as making the company more attractive to potential buyers. RBI’s parent company, Reed Elsevier, took the unit off the market late last year.
Separately, Reed Elsevier announced Monday that Jan Hommen will step down as chairman in April. Hommen is leaving the company to take over as CEO of ING Group.
—Sean Callahan
