Micklethwait Memo Outlines New Focus for Bloomberg

John Micklethwait, editor in chief of Bloomberg, laid out a new focus for the media company just hours after around 80 employees were let go across the company.   In a long memo to all staff members, Micklethwait mourned the loss of the “talented, dedicated” journalists, but said their departures were not “downsizing,” but rather a “refocusing our considerable resources.”