Thomson Reuters to chop 2,500 jobs, Twin Cities avoids ax

Author:
Updated:
Original:

Thomson Reuters Corp., a news and financial information company based in New York, says it's eliminating 2,500 jobs, or about 4 percent of its workforce, this year as it tries to cut costs, the Associated Press reports.

CEO Jim Smith told investors on Wednesday that the positions will come from the company's Financial and Risk division

According to the Star Tribune, the cuts will not affect the roughly 7,000 employees at Thomson Reuters' Eagan campus. In fact, the company has several Minnesota job openings on its website.

Thomson Reuters posted a fourth-quarter profit of $372 million, compared with a loss of $2.6 billion a year earlier, according to Dow Jones Newswires.

Next Up

Ian Cole

Wild trade Greg Pateryn to Avalanche for Ian Cole

Cole won a pair of Stanley Cups in Pittsburgh and is a former first-round pick.

1024px-Hudson,_Wisconsin_9

St. Croix County GOP chair resigns after incendiary post on official website

John Kraft sparked controversy with his 'Prepare for War' post on the party website earlier this month.

ann kim

Ann Kim's new restaurant, Sooki & Mimi, to open in February

The James Beard Award winner is the brains behind Young Joni, Pizzeria Lola, and Hello Pizza.

Screen Shot 2021-01-19 at 1.32.19 PM

Firefighters rescue worker after trench fall in Rochester

The construction worker fell about 15 feet.

gray wolf

Grand Marais mayor's dog survives attack by wolves

He heard his 65-pound dog "screaming bloody murder" and then saw the wolves chasing her.

Screen Shot 2021-01-19 at 12.04.55 PM

Minnesota's COVID vaccine appointment site goes live

Huge demand was expected when the site went live at noon.

emily ford

Duluth woman is hiking 1,000-plus miles on the Ice Age Trail this winter

She could be the second person ever to finish a winter-thru hike of the Wisconsin trail.

coronavirus, covid-19, icu

Here is Minnesota's COVID-19 update for Tuesday, January 19

Two days in a row with fewer than 1,000 new cases.

Screen Shot 2021-01-19 at 10.52.12 AM

After fire destroyed their house, couple forced to euthanize beloved dog

The couple's daughter has launched a fundraiser for her parents.

Screen Shot 2021-01-19 at 10.16.14 AM

Investigation after teacher accused of lewd act during distance learning

No charges have been filed yet and the staff member has not been identified.

Related