Reuters to cut workforce by 12%

Baku. 5 December. REPORT.AZ/ Thomson Reuters Corp. told investors Tuesday that it will cut its workforce 12 percent, or by 3,200 people, by 2020, to reduce costs, Report informs citing StarTribune.

As part of the latest cuts, Thomson Reuters said it planned to reduce the number of offices around the world by 30 percent to 133 locations by 2020.

These measures  are expected to help to reduce the share of capital investments to 7-8% of revenue from the current 10%.