Financial news and wire service Thomson Reuters has made 3,000 of its 50,000 employees redundant, with the financial sector – notably the sales, training and analysts’ divisions – hit hardest, but editorial was also affected.
Speaking to the New York Observer, Chris Roush, the director of business news initiatives at the University of North Carolina’s School of Journalism & Mass Communication said that it is a combination of Wall Street’s struggles and tough competition from Bloomberg which resulted in the cut-backs.
Speaking to the New York Observer, Chris Roush, the director of business news initiatives at the University of North Carolina’s School of Journalism & Mass Communication said that it is a combination of Wall Street’s struggles and tough competition from Bloomberg which resulted in the cut-backs.
Source: thedrum.com
