To cut on costs, the Thomson Reuters Corp will get rid of 3,200 jobs over the next two years.
The company will also reportedly shutter 30 percent of its global offices.
However, CEO Jim Smith said that the company wants to make Reuters News specifically “an even greater part of our growth story going forward.”
They should branch out into sex toy manufacturing. Big money in that. High profit margin.
It’s interesting switching between channels this morning. CNBC talks about the possibility of a recession or a pullback in the economy based upon their analysts’ evaluations of data. They point to drops in the market, inverted yield curve, lower worldwide market indices, falling home sales, and other actual metrics. Fox Business talks about how the future is grand but doesn’t look as good going forward because the future will have trouble keeping up with how utterly fantastic things are now. Fox News just says things are wonderful.
Aren’t they the ones who have been experimenting for a while with AIs writing news stories? (And for all the business-press regurgitation of press releases, that’s really not such a hard task.)
Like Forbes did …
I sold warehouses full of the stuff back in the 70s. Fricking 1000% markup, or more, on a lot of it. China was my friend.