About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Thomson Reuters Lays Off Staff as Reorganisation Cuts 2,000 Jobs

Subscribe to our newsletter

Thomson Reuters is cutting 2,000 jobs as part of a reorganisation that kicked in this week with staff layoffs.

Thomson Reuters announced the job cuts, 4% of its workforce of about 48,000 people globally, as it reported a slight dip in third quarter profit and flat revenue. The cuts will be made across 39 countries and 150 locations and will mainly affect the company’s Financial & Risk business – bad news for capital markets participants – and the Enterprise, Technology and Operations Group.

We were sad to hear that the layoff of many staff members included Tim Lind, global head of financial regulation solutions for the past six years and a key team player at the company. Lind is a well-respected figurehead in our industry, and someone who has driven forward the industry’s agenda on a number of topics, including through his work on various regulatory committees. He will be a significant loss to Thomson Reuters. Many other senior talented executives have also been let go.

Chief executive Jim Smith said in an interview with Reuters that the reorganisation is part of a multi-year effort to streamline Thomson Reuters’ businesses. He emphasised that it is about simplification and taking out layers that slow the company down, and not about market conditions and underperformance. Ironically, Finance & Risk third quarter sales outpaced cancellations for the 10th time on a continual quarterly basis, while revenue remained flat at $1.52 billion.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: End-to-End Lineage for Financial Services: The Missing Link for Both Compliance and AI Readiness

The importance of complete robust end-to-end data lineage in financial services and capital markets cannot be overstated. Without the ability to trace and verify data across its lifecycle, many critical workflows – from trade reconciliation to risk management – cannot be executed effectively. At the top of the list is regulatory compliance. Regulators demand a...

BLOG

EU’s AMLA Sets Stage for Direct Supervision of High-Risk Cross-Border Banks

The EU’s new Anti-Money Laundering Authority (AMLA – the Authority)) moved from concept to reality in summer 2025 as it began operations in Frankfurt. The Authority has a mandate to drive supervisory convergence, coordinate Financial Intelligence Units (FIUs) and, from 2028, directly supervise a set of high-risk, cross-border financial institutions. The EU Anti Money Laundering...

EVENT

TradingTech Summit London

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...