Thomson Reuters Corp. said on Tuesday it will lay off about 2,000 workers, and sustain a charge of up to $250 million in the current quarter, connected to a transformation of its business.
The company, which provides news and information services to professionals, also reported flat revenue and lower profit for the quarter.
Thomson Reuters employs some 48,000 people world-wide. The restructuring would mainly impact the Financial & Risk business and the Enterprise, Technology & Operations Group, according to a news report from Reuters, which also noted that none of the cuts would be in the companys newsroom.
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