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Reuters Cutting Five Percent of Editorial Staff

Reuters has plans to cut about five percent of its editorial staff. According to The New York Observer, Stephen Adler, Reuters’ president and editor-in-chief, announced the changes during a conference call.

Adler said that staffers (and some managers) were being notified as soon as possible, and the reductions would impact Reuters offices across the world.

“People should never make light of it [the cuts] and it’s really significant in people’s lives,” noted Adler.

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