• Folio, Friday, December 16, 2011 3:44 PM

Readers' Digest Association made 150 cuts in jobs across all of its business groups worldwide -- half in the U.S., half abroad.

The company failed to provide specifics about which divisions were affected, "though last week thirty positions were reportedly eliminated at the company’s Greendale, Wisconsin-based Reiman Publications," writes Ioanna Opidee.

There could be more layoffs to follow, as this quote from a spokesperson hints: “Any smart company is continually looking at ways...  to effectively compete. As we continue to transform our company, we do expect that as a normal course of business, some positions will be eliminated and some new jobs will be created.”

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