Reuters lays off news staff

Thomson Reuters has announced it is laying off 5 per cent of its newsroom staff.

The cuts, which are expected to affect about 150 employees, follow an announcement late last month that the company was scrapping its plans to expand into consumer news through a two-year old program called Next.

A Reuters spokeswoman said the changes will simplify and strengthen the news operation. “We are making changes that will result in a slightly smaller editorial staff, but one that is more strategically positioned and better equipped to help Reuters report and deliver the news that matters most to our customers and society as a whole,”  the spokeswoman, Barb Burg, said in a statement.

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