Reuters Will Cut Around Five Percent Across Editorial

By: Kara Bloomgarden-Smoke | New York Observer

Stephen Adler, the president and editor in chief of Reuters, announced during a staff conference call this morning that the news service will be cutting around a five percent across the board in editorial.

The cuts will be broadly distributed across the globe and across all levels of the news agency, including managers, Mr. Adler clarified during a question and answer period (during which a disproportionate number of the questions seemed to come from the Washington D.C. newsroom).