Telerate Budget Review: Managers Eye Cuts Worldwide As London Trims Some 30 Jobs

VENDOR STRATEGIES

Dow Jones Telerate managers are in the throes of a budget review aimed at reducing expenses at the vendor by up to 10 percent. The vendor has already begun the process in London, where some 30 staffers have been let go over the past few weeks.

In North America, sources say, expense cuts will vary from department to department, and will likely include personnel cuts in some areas.

According to some sources, the plan is to bring expenses down to as much as 10 percent below what they were in July

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