Layoffs coming at Bloomberg’s editorial operation will be less than originally expected, reports Kevin Dugan of the New York Post.
Dugan writes, “The financial news and data giant will cut 80 people, or about 3.3 percent of its 2,400 newsroom employees, as early as Tuesday, according to a source familiar with the plans.
“The Post first reported Aug. 19 that Bloomberg was gearing up to cut as many as 100 employees by Labor Day — but that number has been whittled down, sources said.
“A Bloomberg spokesman declined to comment.
“While most of the layoffs will be in the US, they will not be focused on one particular coverage area. Staffers in the DC bureau have been on pins and needles, fearing that they would bear the brunt of the cuts.”
Read more here.
