Reuters to cut 2,000 jobs in financial risk and technology operations

Natasha Clark
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The Queen Opens Reuters Headquarters
No cuts will be made to the Reuters newsroom (Source: Getty)

Thomson Reuters said it would cut around 2,000 jobs worldwide as part of a restructure across the business.

The cuts would mainly affect the financial risk and technology and operations part of the business, it said.

There will be no decline in headcount in the Reuters newsroom, a memo to employees stressed.

In results released earlier today Reuters lowered its 2016 forecast and said it would take a charge of $200m to streamline the business.

The news company reported third-quarter earnings of $286m, or 36 cents per share, compared with $293m or 36 cents a share a year ago. However, this was below the predictions of analysts.

Read more: Thomson Reuters agrees deal to sell intellectual property arm

Revenue was up one per cent at $2.74bn before currency effects were factored in. The company is expected to grow by two to three per cent this year. Unit revenue was flat at $1.52bn.

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