Thomson Reuters to cut 'small number' of engineering jobs

Thomson Reuters is reducing its engineering workforce, citing the aggressive deployment of artificial intelligence across its businesses. The company confirmed it is cutting "a small number of roles" in engineering, impacting staff globally.

An employee attending a staff meeting where the layoffs were announced estimated that up to 500 jobs could be eliminated. This figure represents approximately 1.8% of Thomson Reuters' total workforce of about 27,100 employees. The cuts also account for about 5.2% of the 9,400 employees within the company's operations and technology unit.

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As customer expectations across legal, tax, and regulatory workflows evolve, we are focusing our capacity where it matters most to customers.

These reductions align with a broader trend of job cuts in the technology sector, where advancements in AI tools are increasing the efficiency of tasks like software coding. Thomson Reuters stated that the changes are driven by evolving customer expectations in legal, tax, and regulatory workflows, allowing the company to focus its capacity where it is most needed by clients. Despite the current layoffs, the company anticipates hiring more than 250 net-new engineering roles globally over the next two years, with a significant emphasis on senior and AI-native talent.

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We are supporting affected colleagues through the transition. At the same time, we expect to hire more than 250 net-new engineering roles globally over the next two years, the large majority senior and AI-native.