Key facts
- Thomson Reuters is reducing its engineering workforce globally.
- The company is aggressively deploying artificial intelligence across its businesses.
- The layoffs affect approximately 5.2% of the operations and technology unit.
- Thomson Reuters plans to hire over 250 net-new engineering roles in the next two years.
Thomson Reuters announced on Monday that it is cutting "a small number of roles" in its engineering department globally as the company aggressively deploys artificial intelligence across its businesses. An employee who attended a technology staff meeting stated that the layoffs could affect up to 500 employees, which would represent about 5.2% of the company's operations and technology unit, and 1.8% of its total workforce of approximately 27,100.
The cuts are part of a broader trend in the technology sector, where AI tools are increasing efficiency in coding, leading to job reductions for software engineers. A Thomson Reuters spokesperson explained that the company is focusing its capacity on areas most critical to customers and is supporting affected employees. The spokesperson also noted that Thomson Reuters expects to hire more than 250 net-new engineering roles globally over the next two years, with a significant portion being senior and AI-native.