Categories: OLD Media Moves

Job cuts coming at Thomson Reuters

James Robinson of The Observer in London reports that the newly merged Thomson Reuters has confirmed in an internal e-mail that job cuts are looming.

Robinson writes, “The email, seen by MediaGuardian.co.uk and sent to senior managers by Devin Wenig, the chief executive of Thomson Reuters’ markets division, which includes its 2,600-strong global news operation, said that the precise scale of the cuts will be outlined ‘over the next several days’.

“In the email, Wenig, who was a Reuters board member and its chief operating officer prior to the merger, wrote: ‘It’s no secret that a significant amount of thought and planning has been dedicated to eliminating duplication and generating savings within our business. Over the next several days, we will communicate department by department the impact of our integration … these actions will mean an immediate reduction in our headcount.’

“Wenig’s email added: ‘The jobs that are impacted are largely the result of duplication between the two organisations.’ The email said that most job losses would be completed by the end of the year, but went on to say that further cuts could be made if management decided to close certain products down completely.”

Read more here.

View Comments

  • Mr.Devin Wenig ,you should dispose your questionable stock options first.
    Do not be liar Mr.Devin Wenig

Recent Posts

PCWorld executive editor Ung dies at 58

PCWorld executive editor Gordon Mah Ung, a tireless journalist we once described as a founding father…

12 hours ago

CNBC taps Sullivan as “Power Lunch” co-anchor

CNBC senior vice president Dan Colarusso sent out the following on Monday: Before this year comes to…

2 days ago

Business Insider hires Brooks as standards editor

Business Insider editor in chief Jamie Heller sent out the following on Monday: I'm excited to share…

2 days ago

Is this the end of CoinDesk as we know it?

Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…

2 days ago

LinkedIn finance editor Singh departs

Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…

3 days ago

Washington Post announces start of third newsroom

Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…

4 days ago