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


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

Gary Kubiak

Vikings offensive coordinator Gary Kubiak announces retirement

Kubiak wraps up a career that has spanned nearly four decades.


Minneapolis police seeks public help finding missing woman

A 63-year-old woman has been missing since Tuesday

coronavirus testing

Don't want to talk to a contact tracer? MN debuts online option after positive test

The department says the survey will allow its staff to keep track of more cases at a faster pace

Family Dollar

Money Gal Coaching: 12 things you are wasting your money on

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

police lights

Three teens charged in Minneapolis robberies

The incidents took place on Saturday in Minneapolis.

covid-19, coronavirus, ppe

Here is Minnesota's COVID-19 update for Thursday, January 21

It's the first time in exactly four months that Minnesota has had fewer than 100 COVID patients in intensive care.

icy roads, bad roads

Girl, 16, killed in crash with semi on icy Minnesota road

The crash happened in Dodge County around 8 a.m. Wednesday.

police lights

Road rage incident sees driver punch out man's window, punch him in face

The incident happened in Waite Park Wednesday morning.

Screen Shot 2019-10-11 at 7.01.24 AM

Minneapolis will recover $100K in costs connected to 2019 Trump rally

The Target Center operator said it'll pay the costs over three years.

Jacob Frey

Minneapolis Mayor Jacob Frey confirms run for reelection

He has faced criticism over the city's response to George Floyd's death.