The Zhitong Finance App learned that the parent company of Reuters Thomson Reuters (TRI.US) announced on Monday that it will abolish “a small number of positions” in the engineering and technology department. As a Canadian content and technology company, the company is currently actively promoting the full deployment of artificial intelligence (AI) in its various businesses.
According to a person attending the internal technical staff meeting on the same day, the layoffs affected employees around the world, and relevant information was announced at the meeting. Since the meeting was not open to the public, the employee requested anonymity.
According to the employee, Thomson Reuters plans to cut up to 500 jobs. According to Reuters calculations based on the company's 2025 report, this figure represents approximately 1.8% of its total number of employees (approximately 27,100 people). The current layoffs accounted for about 5.2% of the company's operations and technology departments (9,400 employees in total).
This layoff is the latest in a recent wave of layoffs in the tech industry. The rise of AI tools has greatly improved code writing efficiency, making software engineers the first group to feel the economic impact of new technology. According to data from the employment tracking platform layoffs.fyi, 228 companies, including tech giants Meta (META.US) and Amazon (AMZN.US), have cut a total of about 120,000 technical employees since 2026.
In response, a Thomson Reuters spokesperson said, “As customer needs continue to evolve in legal, tax, and regulatory workflows, we are focusing our resources on the areas our customers are most concerned about. We will support affected colleagues during the transition. At the same time, we plan to add more than 250 new engineering jobs around the world within the next two years, the vast majority of which are senior positions and AI native technical talents.”