611 dead at Businessweek publisher McGraw-Hill

-SDH The publisher of Businessweek, McGraw-Hill says it plans to shit can 611 people or 3% of it's work force apparently to make things look a little pretty on paper when they report full-year earnings for 2007 in 2 weeks. We feel a long cold slog on the way don't you? Where will all those poor bastards go? The greatest number of job cuts are at McGraw-Hill Education, whose products include course work materials. The unit is eliminating 304 jobs and will take a pretax restructuring charge of $16.3 million. Standard & Poor’s is losing 172 jobs, or slightly less than 2 percent of its work force. The announcement came a day after the Moody’s Corporation, a top competitor, said it would cut 275 jobs and take pretax charges of $47 million to $52 million in the fourth quarter, citing similar external circumstances. Job Cuts at McGraw-Hill Will Eliminate 3% of Staff [NYT]