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Rare job cuts at Bloomberg as global media giant lays off 80 journalists

2015-09-01 17:58:42| IT Services - Topix.net

Bloomberg Media, the global news organisation 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 organisations have pared back.

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