Reuters’ Glocer Clears Out ‘Old Guard,’ Laying Off at Least 50 Senior Executives

ORGANIZATION AND MANAGEMENT

LONDON--The chief executive-designate of Reuters, Tom Glocer, has started a clearout of Reuters’ "Old Guard" of employees, laying off more than 50 senior executives and a few hundred middle-ranking staff worldwide.

The redundancy process started worldwide last week, although it is being tightly managed, according to Reuters officials, and the names are not being revealed. An internal memo offered very little information, apart from saying that the layoffs would take place over the next few m

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