Reed Elsevier to Cut 1000 Jobs says Telegraph
It is part of the general rhythm of things that large companies like to prepare for a downturn by cutting costs. Reed Elsevier are to announce as many as a thousand job cuts saving £100m over two years according to the Telegraph.
This is around 3% of the work force worldwide. Although is always wise to keep costs tightly managed some may see this as one of the worlds biggest media players preparing for some rough water ahead for the business to business sector