Skip to main content

Thomson Reuters cuts 184 jobs in Eagan

  • Author:
  • Updated:
    Original:

After announcing plans last year to cut 5 percent of its workforce, Thomson Reuters issued layoff notices to 184 full-time employees at its Eagan campus this week, the Star Tribune reports.

The New York-based global news and information company said last October that slashing 3,000 jobs worldwide is part of a strategy to simplify product lines and cut costs. Reuters has seen reduced demand and is struggling to retain market share among competition from Bloomberg, Dow Jones and other startups.

The Eagan campus, which handles the company's legal publishing business, employs about 7,000 people. KSTP reports the job cuts in Eagan were the result of shutting down an operating unit.

In a letter sent to Minnesota's Department of Employment and Economic Development, Reuters said the first and only round of layoffs will occur "on or about" Jan. 6, according to the Pioneer Press.

However, the Star Tribune says the employees will actually be out of a job in March.

A company spokesman noted that the bulk of the total layoffs are in the finance and risk division based in London.

Next Up

Image (1)

School bus carrying students plunges into river southwest of Fargo

None of the kids suffered life-threatening injuries, though some were taken to area hospitals.

Richfield High School

Richfield High School cancels weekend events after shooting

Two men were shot outside the school's football stadium

Screen Shot 2022-09-23 at 10.21.38 PM

Sound of shots, mass panic at Richfield football game streamed live on YouTube

Gunfire caused panic at a varsity football game Friday night.

J. Gordon

K-9 search leads to $36K fentanyl seizure during traffic stop

A traffic stop was made after the vehicle was seen speeding through the area.

Screen Shot 2022-09-23 at 5.20.08 PM

Gov. Walz reacts to Tuesday death of Mankato West student

The governor is a former geography teacher at the high school.

court room

Teen pleads guilty to Minneapolis carjacking, admits to others

The man was yanked out of the vehicle by witnesses before fleeing the scene.

Federal court house

Three plead guilty to roles in murder on Red Lake Reservation

The 2019 murder left another person seriously injured.

image

Sheriff: Heifer shot and butchered on farmer's pasture near Aitkin

Anyone with information regarding the incident is encouraged to call the Clearwater County Sheriff's Office.

SwearegeneMugDouglasCoJail

Minneapolis murder suspect arrested in Wisconsin

The man has been wanted by police since the shooting happened in April.

police lights squad car dark - Unsplash

Charges: Man kidnapped woman at gunpoint, forced her to withdraw $1,500

The 56-year-old suspect is accused of forcing the woman to the Seward neighborhood in Minneapolis.

police lights

Police arrest suspect in Oakdale after 10-hour standoff

The standoff with police lasted over 10 hours Friday.

Related

Thomson Reuters to cut 3,200 workers by 2020

The global mass media firm has a big office in Eagan.