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Layoffs Hit Reuters

Company wide layoffs have hit Reuters. According to Talking Biz News, the cuts come from all departments, including editorial, sales and training.

Reuters confirmed the news, but didn’t say how many staffers were let go.

“Similar to efforts across the company, the Reuters organization is focusing attention on our global cost structure as well as the need to simplify and ensure we have the skills and expertise within our organization so we can continue to contribute maximum value to the business and our customers,” Barb Burg, vice president and global head of communications, told Taking Biz News.

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