Financial information and news company, Thomson Reuters, did a termination of work (LAYOFF) employees as many as 2,500 people, or around four percent of its workforce to reduce costs.
Thomson Reuters currently has about 60,000 employees. CEO of Thomson Reuters, Jim Smith told analysts during a conference call on Wednesday (02/06/2013) that the company was conducting LAYOFFS and Financial Risks Division position.
“This is not an easy decision, but we have to press charges for eligible customers,” Smith said as quoted by TheAustralian on Thursday.
On Wednesday, the company spokesman said posted a profit of US $ 372 million for the fourth quarter after it suffered heavy losses in the same period a year earlier.
The company is based in New York, has earned US $ 372 million, or 45 cents per share, in the period October to December. Profits were increased from a loss of US $ 2.6 billion or $ 3.11 per share in the same period last year.
In the last quarter, Thomson Reuters achieved a profit of 60 cents per share, up from 54 cents per share a year ago.
Smith said the company was making progress on key priorities, which include investments in sectors that are growing, such as intellectual property protection, and legal information.