Patrick Smith of the Press Gazette in London writes that the 2,800 journalists at the newly combined Thomson Reuters operation are fearing layoffs.
Smith writes, “Tom Glocer, CEO of the merged company, has said that news and journalism would be an ‘integral’ part of the companyâ€™s future.
“A spokesperson for Thomson Reuters said: ‘There will be some redundancies but that does not particularly relate to the newsroom or any specific division across the whole group of 50,000 employees.
“‘Thomson Reuters is looking to make cost savings within three years of $500m but much of that will be taken out of things like building costs.’
“She said that both Tom Glocer, CEO of Thomson Reuters, and David Schlesinger, editor-in-chief, had both committed publically to the importance of news and journalism and said it was a ‘growth area’.