OLD Media Moves

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.

Recent Posts

Dynamo hires former Business Insider executive editor Harrington

Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…

6 hours ago

Bloomberg TV hires Kerubo as desk producer

Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…

7 hours ago

Jittery CNBC staff reassured by new boss

In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…

7 hours ago

Making business news accessible to a wider audience

Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…

7 hours ago

Rest of World hires Lo as China reporter

Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…

8 hours ago

Bloomberg rises to No. 7 biz news website

Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…

8 hours ago