Business

Market Movers

Thomson Reuters to cut 3,000 more jobs

The company, a competitor to the larger Bloomberg LP, sells market data, news, and other information.

Reuters

The company, a competitor to the larger Bloomberg LP, sells market data, news, and other information.

Advertisement

Thomson Reuters Corp. is cutting about 3,000 jobs — mainly in the financial and risk division, which provides trading information and financial data to investors and operates electronic trading marketplaces. The cuts, of about 5 percent of the total workforce, are in addition to job cuts of about 2,500 announced earlier this year. The company said Tuesday that third-quarter net income fell 39 percent to $271 million, or 33 cents per share. Even so, that beat Wall Street’s predictions.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.