Bloomberg News employees are having jitters about cost cutting - Business Insider

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Bloomberg News employees are having jitters about layoffs on top of uncertainty about a Michael Bloomberg presidential run

Some Bloomberg News employees are nervous about layoffs coming, sources told Business Insider, adding to uncertainty created by Michael Bloomberg'sAt least 10 senior journalists have left Bloomberg's overseas bureaus including Paris, London, and Rome. Many of those let go were veteran journalists and presumably highly paid.

It's true that Bloomberg News also has been doubling down on coverage areas including environmental and cybersecurity, though,. It's also routine for companies to watch expenses near the end of a fiscal year.

 

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