Market Chatter: Thomson Reuters to Cut Up to 500 Engineering Jobs Amid AI Deployment

MT Newswires Live
Jul 14

Thomson Reuters plans to eliminate up to 500 jobs globally in engineering, as the company expands its use of artificial intelligence, Reuters reported Monday, citing an employee who attended a staff meeting.

That represents about 1.8% of its overall workforce of roughly 27,100 and 5.2% of the 9,400 employees in its operations and technology unit, based on Reuters calculations.

The company confirmed it is cutting "a small number of roles" in engineering, according to the report.

A Thomson Reuters spokesperson said the company is focusing capacity where it matters most to customers and expects to hire more than 250 net-new engineering roles globally over the next two years, mostly senior and AI-native positions, Reuters reported.

Reuters did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10