Thomson Reuters is to cut 2,500 jobs in according to chief executive Jim Smith, the BBC (and others) report.
The job losses, which equate to 4 per cent of the company’s 60,000 employees, will fall primarily in the Financial and Risk division which rents out information terminals to financial clients
In a statement, chief executive Jim Smith said: "These are not easy decisions, but our cost structure has to meet our customers' requirements."
The proposed cuts come as Thomson Reuters announced full year underlying operating profit down 5 per cent year on year to $2.4bn on turnover up 1 per cent to $12.9bn.
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