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Thomson Reuters to cut workforce by 3,200 or 12 percent by 2020

Reuters  |  TORONTO 

By Matt ScuffhamTORONTO (Reuters) - Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent by 2020, 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.As part of the streamlining, the company also said it planned to reduce the number of offices around the world by 30 ...

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First Published: Tue, December 04 2018. 20:21 IST