Thomson Reuters to cut 140 jobs
Thomson Reuters will eliminate 140 jobs by the end of the year.
David Schlesinger, editor-in-chief of Reuters News, said the company focused on areas that overlapped and duplicated coverage. More than half of the cuts will occur in Europe.
"After looking at both the unique content that each news operation produces as well as news that is duplicated, I believe that the combined size of the new Reuters News at the end of the year should be around 2,500 - significantly more than the 2,380 the old Reuters editorial ended 2007 with," he told staff in the memo, seen by MediaGuardian.co.uk.
"Unfortunately, the overlap we've found and our need to run the operation efficiently means that we will have to eliminate around 140 jobs worldwide by the end of the year," he added.
For more click here.
David Schlesinger, editor-in-chief of Reuters News, said the company focused on areas that overlapped and duplicated coverage. More than half of the cuts will occur in Europe.
"After looking at both the unique content that each news operation produces as well as news that is duplicated, I believe that the combined size of the new Reuters News at the end of the year should be around 2,500 - significantly more than the 2,380 the old Reuters editorial ended 2007 with," he told staff in the memo, seen by MediaGuardian.co.uk.
"Unfortunately, the overlap we've found and our need to run the operation efficiently means that we will have to eliminate around 140 jobs worldwide by the end of the year," he added.
For more click here.
posted by Kelly at
5/19/2008 09:32:00 AM
0 Comments:
Post a Comment
<< Home