Job cuts at Thomson Reuters
Posted by Elizabeth Redman on December 8, 2009 at 3:37 PM
Thomson Reuters is in the news again. On the same day as its new-look website went live, which features increased political coverage and comment in a bid to attract a more general audience and more advertising revenue, Reuters made another announcement. The agency plans to cut 240 jobs in its legal businesses across North America.
Its legal divisions include research sites such as West, FindLaw and Carswell, as well as its publishing unit and attorney software provider Elite. They provide information to legal professionals and employ around 13,000 people, or around a quarter of the company's worldwide workforce of 53,000. In 2008 they earned $3.5 billion in revenue.
The legal division has been affected by cost cutting at law firms.
These are "challenging times", Thomson Reuters CEO Tom Glocer said,
according to reports in PaidContent. "The legal market seems to really
have bottomed earlier in the year, more in the first quarter, and we've
been seeing improvement," he said.
This announcement also follows the news that former BusinessWeek editor-in-chief Stephen J. Adler has been hired as Senior Vice-President and Editorial Director of the Professional Division of the news service, which oversees the legal businesses. Starting next year, he will face challenging times indeed.
Sources: The Wall Street Journal, PaidContent
This announcement also follows the news that former BusinessWeek editor-in-chief Stephen J. Adler has been hired as Senior Vice-President and Editorial Director of the Professional Division of the news service, which oversees the legal businesses. Starting next year, he will face challenging times indeed.
Sources: The Wall Street Journal, PaidContent
Related Entries
- Reuters adds social media rules to its handbook
- Cancelled regional newspaper awards "not viable"
- San Francisco Guardian collects $21 million in damages from rival newspaper
- FBI's decision threatens the future of investigative reporting into civil rights
- Speed dating for freelancers and editors in Minnesota
0 TrackBacks
Listed below are links to blogs that reference this entry: Job cuts at Thomson Reuters.
TrackBack URL for this entry: http://www.editorsweblog.org/mt/mt-tb.cgi/20065
![Digg](http://digg.com/submit?phase=2&&url=http%3A%2F%2Fwww.editorsweblog.org%2Fnewsrooms_and_journalism%2F2009%2F12%2Fjob_cuts_at_thomson_reuters.php&bodytext=<form contenteditable="false" mt:asset-id="4864" class="mt-enclosure mt-enclosure-image" style="display: inline;"><a href="http://www.editorsweblog.org/thompson_reuters_logo3.jpg"><img alt="thompson_reuters_logo3.jpg" src="http://www.editorsweblog.org/assets_c/2009/12/thompson_reuters_logo3-thumb-200x107-4864.jpg" class="mt-image-left" style="margin: 0pt 20px 20px 0pt; float: left;" height="107" width="200" /></a></form><b> Thomson Reuters</b> is in the news again. On the same day as <a href="http://www.editorsweblog.org/multimedia/2009/12/new_look_for_reuterscom.php">its new-look website went live</a>, which features increased political coverage and comment in a bid to attract a more general audience and more advertising revenue, Reuters made another announcement. The agency plans to cut 240 jobs in its legal businesses across North America.
<br /><br />Its legal divisions include research sites such as <i><b>West</b></i>, <i><b>FindLaw</b></i> and <i><b>Carswell</b></i>, as well as its publishing unit and attorney software provider <i><b>Elite</b></i>. They provide information to legal professionals and employ around 13,000 people, or around a quarter of the company's worldwide workforce of 53,000. In 2008 they earned $3.5 billion in revenue.
<br />
&title=Job cuts at <b>Thomson Reuters</b>){kind=link}
Leave a comment