S&P Global Markets lays off 700

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.”

Read more here.

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.