Today Reuters is reporting that TR revealed plans to cut 3,200 jobs — roughly 12 percent of its workforce — by 2020 in an attempt to cut costs and “streamline the business.” As part of the streamlining, the company said it planned to reduce the number of offices around the world by 30 percent to 133 locations by 2020. Thomson Reuters set a target to reduce its capital expenditure to between 7 percent and 8 percent of revenue in 2020 from 10 percent currently. The company has set aside $2 billion of the $17 billion proceeds from the Blackstone deal to make purchases to help grow its legal and tax businesses. For earlier coverage of TR layoffs in Legal see this LLB post.
- Weekend Reading: McCabe’s The Threat: How the FBI Protects America in the Age and Terror of Trump
- Can algorithmic governance be squared with legal principles of governmental transparency?
- Must Presidential Pardons Satisfy a Specificity Requirement?
- Read Mueller’s Sentencing Memo for Michael Flynn
- Teaching and Reaching Law Students in the Post-Millennial Generation
- Thomson Reuters “Streamlining;” Sets Aside $2 Billion to Grow Legal and Tax Businesses
- Judge says artificial intelligence could have been used to reduce attorney fees
- Solum’s Theories of Statutory Interpretation and Construction
- CRS Report: US Sanctions on Russia
- GPO Launches in Beta United States Legislative Markup (USLM) XML
Just in case you don't get it: The views expressed are solely those of the blog post author and should not be attributed to anyone else, meaning they do not necessarily represent the views of any organization that the post author is affiliated with or with the views of any other author who publishes on this blog.
- 184,910 hits