The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


RBI Cuts 50 Jobs After ‘Unprecedented Ad Deterioration’

  • Comments Comments (View)
  • Text Size: A A

imageNew Scientist and Farmers Weekly publisher Reed Business Information, which was already cutting US jobs, is now also axing 50 UK posts through voluntary redundancy. The publisher already cut 35 jobs here in January, then a plan emerged to cut seven percent of the US workforce.

SEE ALSO: Reed Tightens The Belt Again: Layoffs Hit Variety, Multichannel, PW; Wage Freeze; B&C Shrinking

Now UK CEO Mark Kelsey has sent staff a memo (via Journalism.co.uk), explaining: “Over the last two months in particular, trading has deteriorated at an unprecedented rate across almost all of our key advertising markets ... it is clear that we also now need to reduce staff numbers further.”

RBI appears to have been in slim-down mode since owner Reed Elsevier (NYSE: RUK) last year abandoned its plan to sell the publisher. The parent remains interested in off-loading the publisher at some point.

Apr 30, 2009 2:51 AM ET

Posted In: Jobs & Layoffs, reed business information

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

1. Static HTML: iframe tabs
2. Static Iframe Tab
3. CityVille
4. Texas HoldEm Poker
5. BandPage by RootMusic
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff