Bloomberg Cuts 30 Amid Changes to Markets Coverage

Another outlet cuts back.

Bloomberg News has consolidated its markets coverage, and as a result, 30 staffers from across the globe are out of jobs.

In a memo obtained by Talking Biz News, Chris Collins—Bloomberg’s senior executive editor of markets—laid out a new leadership team.

“By combining the First Word, Markets and Web teams, we will reduce duplication and create one global group under Executive Editor Madeleine Lim,” wrote Collins. “The structure will be organized into the following areas: Equities and Equity Markets, FX/Rates, Credit, Emerging Markets, Cross-Asset, Curation and Blogs.”

Global managing editors who will report to Lim include Chris Nagi (equities and equity markets); Jenny Paris (currencies and rates); Tom Freke (credit); Sarah McDonald (Asia); Justin Carrigan (emerging markets); Clay Eltzroth (curation and blogs); and Tracy Alloway (cross-asset analysis).

Additionally, Mike Regan, who most recently worked as a markets opinion-writer, will serve as lead blogger on Markets Live, a new initiative launching next year.