Thomson Reuters cuts 2,500 Jobs
15 February 2013
The multinational media and information firm has announced that it is cutting 2,500 jobs, approx 4% of its workforce.
The jobs will go at Thomson Reuters’ Financial and Risk division.
Thomson Reuters revealed a return to a $372m (£239m) profit in the last quarter of 2012. But the firm said that sales were likely to remain sluggish.
Jim Smith, Chief Executive of Thomson Reuters, said of the job cuts: "These are not easy decisions, but our cost structure has to meet our customers' requirements."
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