Thomson Reuters officials are being mum, but when a company includes a whole slew of reporters in a company-wide communication it’s hard to keep many secrets from the news media. The New York City-based company has appointed a new “chief transformation officer,” will lay off five percent of its editorial staff, and will be reviewing its business operations looking for cost savings, according to published reports.
Tuesday (Oct. 1), TR’s president and CEO James Smith addressed employees via video, and announced that the company was going to conduct a review process of its business operations. The Wall Street Journal reported that Smith warned employees that the review could involve “many tough decisions.” Smith also announced that TR had created a new position, chief transformation officer, that would be filled by veteran Neil Masterson, who currently is managing director of Thomson Reuters’ Investor Business, which is a division of the company’s Finance and Risk Business.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
