Reuters Cuts Another 650 Managers


Reuters announced plans to cut 650 more senior and middle management jobs last week in an effort to save another £100 million annually beyond the cost savings from the Business Transformation Program (BTP). The news came during the SIAshow, surprising many attendees because of the timing, if not the news.

"Making an announcement like this during the week of the SIA conference in New York is not exactly the timing any vendor would prefer, but its share prices were getting ridiculously low," sa

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