Bloomberg Industry Group has layoffs

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.”

Read more here.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.