Bloomberg Cuts News Staffers

Bloomberg News Tuesday announced a reorganization of its newsroom, resulting in the layoffs of approximately a dozen staffers globally. 

The restructuring, outlined by Editor-in-Chief John Micklethwait in a memo to staff, involved merging the credit and finance groups with the legal and financial regulation groups, as well as reshaping news desks in each region into three units: one for breaking news and alerts, one for planning and Daybreak, and one for enterprise stories. 

Matt Miller was tasked with overseeing breaking news and economic data while focusing on the rollout of AI tools across the newsroom.

Micklethwait emphasized that the changes were part of an ongoing evolution to adapt to shifting reader habits and the dynamic nature of capitalism, which Bloomberg covers. 

Despite the layoffs, he noted that Bloomberg would end the year with a larger newsroom than it started, suggesting the cuts were not primarily cost-driven but part of a strategic overhaul. 

One affected staffer, editor Ian Fisher, confirmed his departure on X, stating, “I just heard I’m one of those they had to say goodbye to. A new, later-life chapter begins.” The layoffs follow a broader trend of job cuts in the media industry, with Bloomberg joining other outlets facing similar challenges.