Reed Business Information makes another round of job cuts

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New York—Reed Business Information has made another round of job cuts, slashing 7% of its work force, according to various media reports.

The announcement was made Tuesday morning in an e-mail from Reed Business Information CEO Tad Smith to employees, according to entertainment industry Web site TheWrap.

In the memo, Smith said the company “may need to make additional reductions to fit the business conditions,” according to TheWrap. Additionally, Smith noted that the business was performing “worse than our already conservative expectations for 2009.”

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