Thomson Reuters to Slash 3,000 Jobs

Jim Smith, CEO, Thomson Reuters

The job cuts, which represent around five percent of Thomson Reuters' workforce, follow a similar announcement in February, when the vendor announced plans to cut 2,500 of the division's current 22,500 employees.

"We will eliminate approximately 3,000 positions as we continue to reduce product and operational complexity across our company," said Thomson Reuters chief executive Jim Smith in a memo sent to customers Tuesday, Oct. 29. "We will focus our resources on supporting front-line teams on t

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