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Thomson Reuters is eliminating 12 percent of its global workforce.The media company is drastically shrinking its staff, cutting 3,200 jobs and closing 55 offices by 2020. Reuters says it will employ roughly 23,800 people — down from its current workforce of 27,000.Reuters revealed its plans for the future at its annual investor day in Toronto. The stock is up 3 percent on the news."Thomson Reuters is routinely looking at ways to run our global business operations more efficiently and effectively," a Reuters spokesman told CNN Business."This disciplined approach sometimes includes the need to make personnel, or other, changes which allow us to balance our internal resources with the needs of our customers in a highly competitive environment."The company said a "majority" of the impacted employees have been notified, but it declined to say which divisions are affected.Part of Reuters' plans includes reducing its capital expenditures by 3 percent and cutting the number of products it sells. The company sells a newswire service, financial software, images and services for the legal industry.In October, Reuters sold a majority stake of its Financial and Risk unit to the private equity firm Blackstone Group for billion. Reuters joins other media companies in recently announcing layoffs. News startup Mic, newspaper New York Daily News and magazine publishers Meredith and Hearst all have recently eliminated a combined hundreds of jobs. 1463

There’s been a significant bounce back in the U.S. job market, according to the U.S. Bureau of Labor Statistics’ latest monthly unemployment report. In June, 4.8 million people were able to go back to work.Businesses in hospitality and leisure added 2.1 million jobs. Food services and drinking establishments added 1.5 million jobs, while retail saw 740,000 workers return to work.“The job market bounced back pretty strongly in June, but we have to keep everything into perspective,” said Ryan Sweet, an economist and Head of Monetary Policy and Research for Moody’s Analytics.Sweet says compared to where the U.S. was prior to the pandemic, jobs are still down by roughly 15 million.Economists, like Sweet, believe the job rebound seen in June is likely over, and the U.S. job market will likely reflect a lull in July.“The lull, it is unclear how long that will last,” Sweet said. “We are hoping until the end of this year.”As coronavirus cases continue to surge in the U.S., the hope for just a lull dwindles and worry about another decline in employment grows.Companies like United and American airlines are already signaling major job loss could come in the near future. Both companies recently reported they may have to each layoff 25,000 workers. Analysts predict if other airlines have to do the same, the industry could lose up to 250,000 jobs.That’s hundreds of thousands of potential jobs lost in just one industry, and many others are signaling a similar situation.“The ones that I am most nervous about are state and local governments because it seems that there is less urgency for lawmakers to pass fiscal stimulus,” said Sweet. “If we don’t get another round of fiscal stimulus, this lull is going to turn into a contraction.”Congress has been talking for two months about another stimulus package, but there is no clear signal that one will come in time. 1881

The World Against Toys Causing Harm (WATCH) safety advocacy group named 10 toys that are "potentially dangerous" and "should not be in the hands of children."According to WATCH, the group says that some toys have inconsistent and inadequate warnings, and pose safety hazards. WATCH issues an annual list of toys that it finds are exceptionally dangerous for children. "Due to poor design, manufacturing and marketing practices, there are toys available for purchase today with the potential to lead to serious injury and even death," WATCH said in a statement. "WATCH urges parents and caregivers to take precautions when buying toys— especially during the upcoming 2017 holiday season."Although the toys are considered dangerous, the toys listed meet federal safety regulations. Here is the list of 10 toys WATCH said consumers should avoid, or exercise caution when using: Top 10: 930

TIJUANA, Mexico (KGTV) - Hundreds of kids are waiting at shelters in Mexico, unable to get their asylum application processed, according to lawyers.They came with the migrant caravan in November. "Really quite brave of them to go through all of that," Lawyer Kara Lynum said. Lynum traveled to Tijuana with fellow lawyers from around the country in December.While in the shelter during their five day stay, she says they saw huge gaps in resources for the kids, prompting them to create a GoFundMe page."So the money is going directly to Al Otro Lado, so they're going to use it to fund those needs, they're going to hire a teacher. They're going to hire a trauma counselor for the kids, enhance security in the shelter and then hopefully hire a lawyer too," Lynum said one of the biggest issues is getting kids' applications processed."There's that list for asylum seekers, and the kids can't get on that list," saying change needs to happen, "for the children, in particular, they should be able to walk up to the Port of Entry and start the process of asylum."The roadblock, the law states anyone under 18 must have a guardian, to ensure the child is acting under their own free will."To know the background of this minor, I mean there's arguments that some of these kids are being trafficked. We don't know exactly where are there parents?" Immigration Specialist and Lawyer Lilia Velasquez said.Lynum said many of the kids she encountered have relatives in the U.S. Velasquez said the kids' parents have to sign over Power of Attorney, "the minor brings an ID with a photo, the relative brings also an ID, maybe birth certificates, then they can verify if those kids belong to that family."Back home in Minnesota Lynum thinks about the kids she met, wondering how they're faring, "I think about being 17 and a girl and you're by yourself and taking all of that on, is a big ask for these kids." 1907

They've been ignored for decades, but now, drive-in movie theaters are making a huge comeback. It's the only place where large crowds of people can see a movie together, and still maintain a social distance.Usually on vacant lots or in rural areas, the drive-in was hugely popular. Until it wasn't. Fancy theaters took over and many of those sites became a piece of history, the empty lots they sat on often doubling as a swap meet.“It’s been one of the most interesting stories of the pandemic, in terms of the movie business, is that drive-ins, which have been mostly ignored since the 70s and 80s, have become the focal point for theatrical movie going and for people who want to get out of the house and go to the movies, because those are the spaces that are open and I think it will have an impact going forward,” said Ross Melnick, professor of film and media studies at the University of California Santa Barbara.Melnick is also the man behind the website Cinema Treasures. The site provides research on more than 50,000 theaters around the world. “It features memories, comments, data, photographs; it’s a globally crowd-sourced information database in which people can talk about when they worked at theaters, the information they have on them. as well as remembering their history and contemporary function,” he explained.Now, it's a social site. People keeping in touch, remembering their favorite theaters, and their favorite memories. “When you’re home, you’re thinking about what you’re missing, what you used to do--used to go to the restaurant, coffee shop and one of the things they used to do is go to the movies,” Melnick said.The Memphis-based Malco Theatres has been a family business since 1915. There are 36 locations and one drive-in, which recently reopened. Malco called it a "socially distant cinematic success."“It’s selling out. It’s like the glory days,” said David Tashie, president of Malco Theatres. “Cars are piling in. The food is different, there’s walk-up tents and we’re bringing the food, so it’s definitely making a surge, and hopefully it continues when the indoor theaters open."The "glory days" as shown from this newspaper clipping on the cinema treasures site. Malco Theatres have been through a lot through the decades, having to adapt to every technological evolution. “We were the first to integrate theatres,” said Tashie. “We’ve survived Spanish flu, wars.”And now, they've survived a pandemic. “There’s a lot of history here we’re trying to protect and we’re on it, and Hollywood needs to keep delivering movies and we’ll have great places to show them,” he said.The Summer Drive-in is not alone. Melnick says there's been pop-up drive-ins all over the country and world. Some are so full they're turning people away. It's the one place where people can be together, even if they're not. "The longevity of the kind of business it creates a stake in the community there’s this continuum you have this place that and multiple generations have grown up in the area,” Melnick said. “The summer drive-in is this consistent location for rites of passage- childhood, teenage hood or parenthood. You have this consistency.” 3175