McGraw-Hill Reducing its Workforce by 3%
January 9th, 2008
The company’s Standard & Poor’s credit ratings agency has suffered from a reduced demand for its services owing to the turmoil in the subprime mortgage market. McGraw-Hill’s stock has fallen over the past year from $72.50 to $40.52, largely as a result. The New York Times (Jan. 9, 2008) Reuters (Jan. 8, 2008)
Tags: job cuts, McGraw-Hill, Standard & Poor, subprime mortgage market