(Reuters) - Houghton Mifflin Harcourt Publishers Inc ... creditors would be paid in full and shareholders who back the plan will receive warrants for up to 5 percent of the equity in the ...

Houghton Mifflin Harcourt announced today that it has implemented a restructuring plan that will eliminate about 22% of its workforce and cut annual expenditures by $95 million to $100 million.

After announcing in February that it would take actions to reduce costs in 2017 following a disappointing 2016, Houghton Mifflin Harcourt has begun laying off staffers in its educational and trade ...