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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 is a conversation happening in the deaf community post-election about how to shorten President-elect Joe Biden’s name to become part of the colloquial American Sign Language, according to reports.A top choice is a hand gesture that has one hand making a “c” shape around an eye. It’s apparently a reference to Biden’s use of aviator sunglasses.However, many have reportedly pushed back on social media, saying the gesture looks like a gang sign, according to the Los Angeles Times.“We BIPOC (Black, Indigenous and people of color) completely disagree with that [sign],” American Sign Language influencer and TikTok user Nakia Smith signed in a video on Monday. "[The sign] feels so unsafe for us.” 711
There’s a common anxiety dream that involves walking into a classroom to discover it’s the day of finals and you haven’t cracked a book all semester. Then there’s the waking dream a lot of Americans have — the one where you’re getting ready to retire but haven’t saved enough money to cover expenses if you stop working.Just six in 10 workers report having saved anything — anything — for retirement, according to the Employee Benefit Research Institute, so a lot of people today may be losing sleep over their future finances.Even those who are making a diligent effort to prepare for their golden years are falling short: Data from workplace plan administrator and fund giant Vanguard shows that just 18% of workers save the 10% or more of income that experts recommend squirreling away for retirement. More than a third are putting away less than 4%. (Unclear where your savings stand? A retirement calculator is a good place to start.)Suspect you’re behind? Here are 13 ways later-in-life savers can address anemic retirement portfolios before it’s too late. 1080
Those who know me know that there are few things that get me more fired up than protecting the Postal Service!#DontMessWithUSPS— Senator Tom Carper (@SenatorCarper) August 21, 2020 188
The mother of a 5-year-old boy who was allegedly murdered by his father has now also been arrested on a charge of child neglect. According to an affidavit, she was also at the home when the boy was killed. Joseph Ray Daniels was arrested and charged with one count of criminal homicide in the disappearance of his son, Joe Clyde. Court records revealed that the elder Daniels allegedly beat the young boy to death before disposing his body in a rural location. Officials announced Monday night that Joe Clyde’s mother, 27-year-old Krystal Daniels, was also arrested.According to an affidavit, Krystal Daniels was home at the time her husband allegedly murdered their child, Joe Clyde and knew he disposed of the body.She “failed to report the abuse and resulting homicide” of the boy, the affidavit added. Krystal Daniels also allegedly "failed to report injuries, abuse and/or homicide, despite multiple opportunities."She’s scheduled to appear in court on Monday. 1030