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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