Bloomberg Industry Group, an affiliate of Bloomberg L.P. that produces content for regulatory professionals, has laid off at least 14 employees, reports Sara Fischer of Axios.
Fischer reports, “A Bloomberg Industry Group spokesperson said the layoffs affected ‘approximately one percent’ of the 1,400-person company, but multiple sources told Axios the final number is likely to be higher than 14.
“Of those impacted, eight were union staffers, said Rebecca Rainey, chair of the Guild at Bloomberg Industry Group. Research analysts, engineers and data visualization specialists within the union were part of the cuts.
“Union members that were impacted by the cuts will receive ‘a minimum severance payout under a collective bargaining agreement negotiated by union members and we’ll continue to assist them as needed,’ Rainey said.”
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