OLD Media Moves

Bloomberg Industry Group to lay off 21 employees

September 15, 2020

Posted by Chris Roush

Bloomberg Industry Group, which publishes Bloomberg Law, Bloomberg Tax and Bloomberg Government, told its staff that it was laying off 21 workers.

The workers are primarily on the business side. In editorial, the two layoffs are clerical positions. The layoffs are due to automation.

“Many of these workers are some of the lowest-paid in the company and a majority of the affected workers are minorities,” said Fatima Hussein, the president of the union that represents its workers, in an email to members. “This comes as our company touts the importance of diversity and inclusion in hiring, retention and news coverage.”

In an email to the staff, CEO Josh Eastright said that those being laid off will be eligible to apply for company openings.

Those being laid off will receive six months of company-paid health insurance and at least six months of pay.

Eastright said in his email that the company has hired nearly 200 new employees so far this year.

The company has eliminated more than 150 jobs in the past two years, said Hussein in her note.

Subscribe to TBN

Receive updates about new stories in the industry daily or weekly.

Subscribe to TBN

Receive updates about new stories in the industry.