ACT to set voluntary resignations; future cost-cutting measures loom
Cedar Rapids Gazette: Iowa City-based standardized test company ACT will enact a series of cost-cutting measures, including voluntary resignations, the company said Thursday. Other cost-cutting measures include no pay raises for next year and voluntary hour reductions or leaves of absence. ACT said additional future cuts are “expected.” ACT also announced a change in leadership. Marten Roorda, chief executive officer, will leave the company. Janet Godwin, chief operating officer, will be the interim CEO.
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