Looks like the transformation is underway at Thomson Reuters.
The company announced Tuesday that it was laying off 3,000 employees, or approximately 5 percent of its workforce. According to a press release, Thomson Reuters stated it expected to incur a $350 million charge to pay out severance packages and other expenses in order to “help accelerate cost savings opportunities from simplification efforts across the organization.” Most of the layoffs would occur in the company’s financial and risk division.
This content has been archived.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]
