- McGraw-Hill Education will lay off 63 employees from the Polaris office headquarters of its School Education division as it refocuses on its digital education products for students and teachers from kindergarten to high school.
- The company plans to make 138 layoffs nationally in the division, but a company spokesman says a yet-to-be-determined number of positions will be added in the next year to McGraw-Hill's digital operations, as digital education is seen as the future of education publishers.
- McGraw-Hill School Education President Dan Caton says the layoffs aren't related to the recent $2.5 billion purchase of the publisher by Apollo Global Management, but that they are part of "a new strategic mission" that was planned for a few months.
From the article:
McGraw-Hill Education announced it will lay off 63 employees from its Polaris offices as part of a move to reorganize and upgrade the digital products it offers students and teachers from kindergarten to high school. The Polaris offices are the headquarters of the company’s School Education division. The cutbacks will reduce the number of employees at Polaris to about 510. The effective date of the layoffs was not announced yesterday. ...