Bloomberg Scales Back Expansion Plans For Princeton Office

Bloomberg is moving ahead with plans to expand its office outside of Princeton, N.J.--but is doing so on a much smaller scale than the vendor originally planned. Still, the expansion will add up to 600 new jobs at the facility, which is already Bloomberg's largest. News of the Princeton scaleback comes after nearly a year's worth of slower revenue growth rates for the vendor.

Bloomberg's expansion plan calls for the addition of 70,000 square feet of new space to the existing building, which is