The meeting was a technology all-hands, held on Monday, and the phrase the company used afterwards was “a small number of roles”. The number an employee who attended gave to Reuters was up to 500.
Thomson Reuters, the Canadian content and technology group that owns Reuters News, is cutting engineering jobs globally as it pushes artificial intelligence through its legal, tax, and regulatory products. The employee spoke on condition of anonymity because the meeting was not public.
Up to 500 is roughly 1.8% of a workforce of about 27,100. Measured against the unit the cuts actually fall on, the company’s operations and technology division of about 9,400 people, it is closer to 5.2%. Which of those two denominators you prefer determines whether the phrase “small number” is a description or a decision.
“As customer expectations across legal, tax, and regulatory workflows evolve, we are focusing our capacity where it matters most to customers,” a company spokesperson said. “We are supporting affected colleagues through the transition.” The statement did not name a figure, a date, or a location.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!The same statement contained the counterweight. Thomson Reuters expects to hire more than 250 net-new engineering roles globally over the next two years, “the large majority senior and AI-native”.
