Bloomberg to Cut 80 by Labor Day

It's going to be a long September.

Good news: The initial report that Bloomberg was cutting 100 editorial staffers was not correct. Bad news: A new report from the New York Post says the company is cutting 80; all by Labor Day.

As we previously noted, the cuts are expected to hit Bloomberg’s politics and government teams in New York and D.C. hard.

If this wasn’t bad enough news, Labor Day might be an optimistic target. The reduction of roughly three percent of Bloomberg’s 2,400 employees could start as early as next week.

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