Thomson Reuters to cut 2,500 jobs worldwide

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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