REUTERS - Financial news agency Bloomberg plans to cut about 100 jobs in its editorial division, the New York Post reported.
The announcement could come as soon as Labor Day in early September, the Post said, citing sources.
Many of the layoffs will affect political and government reporters in New York and Washington, D.C, the newspaper said. (bit.ly/1E6Ng1K)
Bloomberg employs more than 2,400 in its news division, according to its website.
Michael Bloomberg, the former mayor of New York City, is looking to "cut the fat", an "insider" told the Post.
A spokeswoman for Bloomberg declined to comment.
(Reporting by Anya George Tharakan in Bengaluru; Editing by Ted Kerr)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.
Updated Date: Aug 21, 2015 00:46:27 IST