One day after former BusinessWeek editor Stephen Adler was named editorial director of Thomson Reuters’ Professional division, Dow Jones reports that the media company will lay off 240 employees from one of that division’s sub-sectors.
According to Dow Jones, the cuts will come from Thomson Reuters’ legal division, which includes the Westlaw database and other information and services for legal professionals. The division employs 13,000 people, meaning layoffs of this size will decrease the staff by less than two percent.
Update: A Thomson Reuters spokesman has confirmed to FishbowlNY that the company’s legal division today told 240 people “across a number of its North American businesses and locations that their positions have been eliminated.” Those let go were “primarily in software and content operations.” Severance packages and “outplacement support” is being offered to all those affected, the rep added.
Thomson Reuters To Cut 240 Positions In Legal Business –Dow Jones Newswires