Reader's Digest Cutting 270 Jobs

Mediaweek reports that the Reader’s Digest Association is going to cut 10% of its worldwide workforce.

In an internal announcement, president/CEO Mary Berner said the cuts were aimed at ensuring the company's healthy financial future.

"To that end, we've made the difficult but necessary decision to reduce headcount across many areas of the company," she said.

Folio says the cuts amount to around 270 employees. The company emerged from bankruptcy earlier this year.