Categories: OLD Media Moves

Thomson Reuters journalists fear layoffs

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 company’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’.

View Comments

  • Reuters journalists should asking to the Thomson Reuters regarding "ill gotten gain" of executives questionable stock options or engineering stock options or doctoring stock options

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…

1 day 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…

3 days ago

LinkedIn finance editor Singh departs

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

4 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…

5 days ago