First Ever Layoffs Coming To Bloomberg LP

In its first layoffs ever,  Bloomberg LP will cut 60 100 from its unprofitable television and radio ranks, which loses $20 million annually.

The Post‘s Keith Kelly reports the company is still adding people elsewhere. So this isn’t necessarily an indication of a company-wide problem, but with all the blood on Wall Street its certain Bloomberg is profiting less from its perennial cash cow, the Bloomberg terminal.

See Also:
Even BloomBerg Walloped: Terminal Sales Down For November

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.