Business Standard

Tuesday, December 24, 2024 | 10:19 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 2 - Thomson Reuters

Thomson Reuters to cut 2,000 jobs

Thomson Reuters third-quarter earnings beat analyst expectations on Tuesday and the company said it would cut jobs worldwide, taking a fourth-quarter charge of $200 million to $250 million to streamline its business.Thomson Reuters shares gained more than 4 per cent in both New York and Toronto.The restructuring, affecting about 2,000 jobs or 4 per cent of its workforce, will take place across 39 countries and 150 locations and would mainly affect the Financial & Risk business and the Enterprise, Technology & Operations Group, the news and information company said. The company employs about 48,000 people globally, a spokesman said.The changes come as part of its multi-year effort to streamline its businesses, Chief Executive Jim Smith said in an interview."It's about simplification and taking out bureaucracy and taking out layers all of which have added complexity and slowed us down," he said. "These actions are not driven by any reaction to market conditions or in any way comi

Image
Updated On : 02 Nov 2016 | 12:12 AM IST

Reuters, BTVi tie up to offer world business news to Indian viewers

Under the partnership, BTVi will have access to Reuters TV studios in key financial centres across the globe

Reuters, BTVi tie up to offer world business news to Indian viewers
Updated On : 05 Oct 2016 | 7:24 PM IST

Thomson Reuters launches Fintech Innovation Challenge

Partners with Zone Start-ups in India; opens its proprietary platform Eikon to startups

Thomson Reuters launches Fintech Innovation Challenge
Updated On : 30 Sep 2016 | 7:34 PM IST