 The company retired the two division names – Harcourt Educational Measurement and The Psychological Corporation – although it retained “PsychCorp” as a brand imprint for select products.In 2001, the Anglo-Dutch publishing company Reed Elsevier acquired Harcourt General and Harcourt, Inc., including the business then known as Harcourt Assessment, Inc. Harcourt Assessment encountered two straight years with mass layoffs as a result of poor management and a failed strategy to expand into the state assessment market.In January 2006, more than 70 workers were laid off.