Thomson Reuters to cut 3,200 jobs in next two years: Reuters
Thomson Reuters Corp said it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce cost, Reuters reported. The company, which is focusing on its legal and tax businesses following the sale of a 55-percent stake in its Financial & Risk (F&R) unit to U.S. private equity firm Blackstone Group LP, declined to say where the job cuts were being made. The company aims to grow annual sales by 3.5 percent to 4.5 percent by 2020, excluding the impact of any acquisitions. It has set aside US$2 billion of the US$17 billion proceeds from the Blackstone deal to make purchases to help grow its legal and tax businesses.
4 December 2018•2 mins read
