Thomson Reuters will cut 2,500 jobs — 4% of its workforce — this year in an effort to improve profitability,
the
Financial Times
reported.
CEO Jim Smith told the
FT
the company’s largest division, financial and risk, was “in year two of a two-year turnaround.”
The company’s revenues rose 3% for the full year and 2% year-over-year for the fourth quarter, but after adjustments for currency effects, acquisitions and disposals, organic growth was flat in both periods, the
FT
article said. (Source:
Financial Times,
Feb. 13, 2013.)
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