S&P Global Market Intelligence – the news and data division of credit ratings giant S&P Global – has laid off around 700, reports Michiel Willems of City AM.
Willems reports, “City A.M. spoke with three London-based employees who confirmed that among the redundancies are S&P GMI’s consumer and retail news teams, its automotive intelligence unit, parts of its healthcare and media & tech groups and most members of the company’s general markets team.
“Executive editor Gary Regenstreif has left the company.
“City A.M. understands employees were called into virtual emergency meetings earlier this week, one by one, during which their employment was terminated.
“They were told the layoffs are not a result of the proposed merger between S&P Global and IHS Markit, which was agreed at the end of last year.”
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