Layoffs Hit Bloomberg Radio

Bloomberg Radio, the 24/7 global business news station operated by Bloomberg L.P., announced a round of layoffs on October 1, 2025, affecting several employees in its audio division. This marks a relatively rare cost-cutting measure for Bloomberg's media arm, which is largely insulated by the profitability of the company's core Bloomberg Terminal product used by financial professionals. 

The layoffs appear tied to ongoing efforts to streamline operations amid broader media industry pressures, including declining ad revenues and shifts in content distribution.

Key Details on the Layoffs:  The exact number of positions eliminated hasn't been publicly disclosed, but reports indicate "several" staffers were affected. This is part of a broader restructuring in Bloomberg's newsroom and broadcast operations, following similar (though smaller) cuts earlier in the year.

Notable Departures: 

Michael Lysak

Michael Lysak: As Head of Global Radio and TV Syndication, Lysak oversaw Bloomberg Radio's national network, providing business reports and content to affiliates like Audacy and iHeartMedia. He joined Bloomberg in 1993, contributing to the launch of Bloomberg Television and international channels. Lysak was known for his hands-on leadership, often citing founder Michael Bloomberg's egalitarian work ethic as an influence—such as the founder's habit of answering phones personally in the company's early days. His exit is seen as a significant loss for syndication efforts, which serve mainstream news stations with accessible "money reports" rather than niche business analysis.

Nancy Lyons

Nancy Lyons: Afternoon business anchor, whose departure was confirmed alongside Lysak's. Lyons handled key on-air segments, and her exit may disrupt daily programming schedules.

These cuts follow a July 2025 newsroom reorganization that eliminated around a dozen roles across print, TV, and radio, though Bloomberg stated it would end the year with a larger overall staff. Historical precedents include a 2023 layoff of about 10 people in similar areas and a major 2009 reduction of 100 broadcast jobs during the financial crisis. Bloomberg's media division employs over 2,700 people globally, making it one of the largest newsrooms in the U.S.