Joel Klein’s Amplify Lays Off 2/3 of Its Employees: “The Cold, Inhumane Hand of Capitalism at Work”

Diane Ravitch's blog

This morning, Amplify laid off two-thirds of its staff–some 800 people. Amplify is a division of Rupert Murdoch’s NewsCorp. Its CEO is education reformer Joel Klein. Murdoch invested $1 billion in Klein’s Amplify. NewsCorp has been trying to find a buyer for Amplify since it has never earned a profit in the five years of its existence. This past year it lost $371 million.

“In a tweet this morning, Alex Modestou wrote that Amplify Education laid off 800 employees today. The Observer has reached out to the company to confirm. NewsCorp has been looking for an investor to take over the division, as the Observer previously reported.

“Multiple sources inside and outside the company said that most of its staff lost their jobs today, effective immediately, at around 10:30 a.m.

“Mr. Modestou told the Observer in a phone call that he worked part time on the math curriculum for…

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