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Thomson Reuters Will Eliminate 2,000 People From Its Payroll

It's not a good day at financial media giant Thomson Reuters. The company announced that it will cut 2,000 jobs or 4% of its workforce across its various operations around the globe. The cuts are expected to mostly impact its tech and operations group, its risk, financial and enterprise businesses.

Explains CEO Jim Smith:
“It’s about simplification and taking out bureaucracy and taking out layers all of which have added complexity and slowed us down.These actions are not driven by any reaction to market conditions or in any way coming on the back of underperformance.”
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Thomson Reuters Will Eliminate 2,000 People From Its Payroll Reviewed by Editor on Tuesday, November 01, 2016 Rating: 5
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