Reuters Reassigns Some, Cuts Others

ORGANIZATION AND STRATEGY

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Reuters is reassigning top executives and laying off others as part of the 650 job cuts announced two weeks ago. Reuters, which underwent a well-publicized reorganization last year in an effort to streamline operations and cut costs by creating vertical segments (IMD, Nov. 19, 2001), is now undoing some of that work as CEO Tom Glocer tries to cut costs.

Inside Market Data

 has learned that Devin Wenig, president of the Investment Banking and Brokerage division (IBB), is taking a lead role for all

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