You're Fired! - Element K Trims Work Force

Element K has cut 40 people from its work force as a result of a merger with NIIT.

Element K, a company that develops mostly online learning products, said the move was to eliminate positions that overlap with those at NIIT Ltd. NIIT completed its acquisition of Element K this week.

"As with any transaction that brings together two similar businesses, there are duplications in certain job roles," Element K Chief Executive Steve Hoffman said in a statement. "As a result, Element K reduced its Rochester-based work force today by about 40 people, or less than 10 percent.

"The reductions were in certain administrative functions, as well as some product development areas where both companies have significant headcount."

Original article here.