Thomson Reuters to Cut 3,200 Jobs by 2020, Offer Fewer Products

Thomson Reuters Corp. said it plans to cut its workforce by 12 percent, or 3,200 positions, by 2020 as part of a push to reduce spending.

Capital outlays as a share of revenue will be down about 30 percent by 2020, Thomson Reuters said Tuesday in a presentation for investors. By that year, Thomson Reuters expects to have about 11 percent fewer products and pare its number of locations by 30 percent.

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