It’s been 17 months since Thomson Reuters debuted an online financial video news service, available to Reuters subscribers.
However, much like the recent layoffs dotting the radio landscape, (Cumulus, Clear Channel), Thomson Reuters is doing its own restructuring going forward.
“Reuters Insider launched last year with the goal of bringing exclusive multimedia programming to our financial clients, and today we announced plans to broaden our reach to non-financial audiences,” a spokesperson says. “The new approach will result in the redeployment of resources and in some cases the reduction of editorial staff.”
The spokesperson is unable to specify the size of the staff cutback.
Steve Adler, Thomson Reuters editor-in-chief, told staffers in an email obtained by FishbowlNY, “The new approach, with more emphasis on high impact than high volume, will necessarily result in the reduction and redeployment of Reuters Insider editorial staff.”
Reuters Insider combines Reuters programming with more than 300 content partners.
“We have ambitious plans for our video and multimedia programming, and deploying our resources in new and creative ways will help us provide more value to our customers across the company’s businesses,” Adler writes.