Jul 25, 2011

Layoffs atop Reuters

Thomson Reuters has fired the business chief of its news division along with four other top executives, reports The Wrap. The move is part of a three-year rolling reorganization aimed at catching Bloomberg and Dow Jones. From my vantage point, Reuters has hired good writers and reporters but remains hard to find.

The Wrap has a vested interest in this news, as the entertainment and media website partnered with Reuters America last year (not mentioned in the breaking news update above).

*Meantime, Gannett is hiring executives.

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