Internal Memo: Behind the Bloomberg Cuts

Editor in Chief Matt Winkler explained the logic behind the Bloomberg layoffs in an internal staff memo obtained by FBDC last night:

To Bloomberg News

When we announced the management reorganization a little more than a month ago, we said we wanted to be ideally positioned for growth, foster deeper collaboration, and develop our news products. Since then, we evaluated everything we’re doing to determine what’s working and what isn’t, with the single aim to ensure all we do has maximum impact.

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