Thomson Reuters to Cut 2,500 Jobs

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Thomson Reuters will eliminate nine percent of the headcount in its Financial & Risk business -- or 2,500 positions of the division's current 22,500 employees -- in 2013, as part of a $100 million "right-sizing" initiative, officials said Wednesday, Feb. 13, while announcing the vendor's 2012 fourth-quarter and full-year 2012 results.

"We will reduce the number of positions in Financial & Risk by about 2,500 by the end of this year, and we expect to spend $100 million for severance costs, predom