Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Bloomberg News to lay off about 80 journalists

Michael Bloomberg

Bloomberg News, the global media organization headed by former New York mayor Michael Bloomberg, will lay off about 80 journalists this week in a rare retrenchment for the high-flying company.

New York-based Bloomberg employs about 2, 400 journalists in 150 bureaus worldwide, and it generally has been in a growth mode in recent years as other news organizations have pared back.

But the privately held company will announce this week that it is cutting about 3 percent of its editorial staff. The layoffs will be spread throughout the company and across bureaus, people familiar with the plans said. News of the layoffs was first reported by the New York Post.

Read the full story at the Washington Post,  by Paul Farhi

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.

Advertisement
cialis cialis satış