Bloomberg News to Lay Off About 80 Journalists

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Bloomberg News, the global media organization headed by former New York mayor Michael Bloomberg, will lay off about 80 journalists this week in a rare retrenchment for the high-flying company.

 

New York-based Bloomberg employs about 2,400 journalists in 150 bureaus worldwide, and it generally has been in a growth mode in recent years as other news organizations have pared back.

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