Categories: OLD Media Moves

Bloomberg layoffs to be less than anticipated

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.”

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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.