Bloomberg plans to cut 18 jobs at Canadian news site

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Bloomberg News will reportedly cut 18 Canadian jobs if the Rogers-Shaw merger goes ahead.

The Canadian Press reports that the media outlet will lay off at least 15 journalists and editors, including North American editor-in-chief Carole Theriault.

Staff in Canada are being asked to help the company find the “appropriate numbers” of job cuts, according to three sources who spoke to the Canadian Press.

Ford Media Group, the company that purchased North American rights to Bloomberg news in April 2018, has not commented on the report. Bloomberg, Rogers and Shaw all declined to comment.

In a statement to the Canadian Press, Theriault said that the jobs “are under active review and in no way guaranteed.”

“We are looking at all aspects of our operation and have asked people to help provide us with the right level of cost savings,” Theriault told the Canadian Press.

Bloomberg is the second major Canadian media outlet that has said it would lay off staffers.

Last week, sources told Canadian Press that the Globe and Mail has laid off a number of journalists and editors.

The executive editor at the Globe and Mail did not return multiple calls and emails for comment.

The layoffs come in the wake of a massive overhaul at the Globe and Mail. Earlier this year, it acquired the Financial Post, which resulted in about 100 job cuts at the Canadian newspaper.


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