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Thomson Reuters to cut 3,200 jobs in next two years

Reuters  |  TORONTO 

By Matt ScuffhamTORONTO (Reuters) - Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent in the next two years, axing 3,200 jobs, as part of a plan to streamline the business and reduce costs.The news and information provider, which completed the sale of a 55-percent stake in its Financial & Risk (F&R) unit to private equity firm Blackstone Group LP, announced the cuts during an investor day in Toronto, in which it outlined its future strategy and growth plans.The company, which is focusing on its legal and tax businesses following the Blackstone deal, declined to ...

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First Published: Tue, December 04 2018. 21:51 IST