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Bloomberg News to lay off 80 staffers by Labor Day
Bloomberg is gearing up for a big round of layoffs before Labor Day, The Post has learned. The financial news and data giant will cut 80 people, or about 3.3 percent of its 2,400 newsroom employees, as early as Tuesday, according to a source familiar with the plans. The Post first reported Aug. 19 that Bloomberg was planning to slim its ranks by as many as 100 employees — a number that has been whittled down since then. A Bloomberg spokesman declined to comment. While most of the layoffs will be in the US, they will not be focused on one particular coverage area. Staffers in the DC bureau have been on pins and ... (full story)