Considering the cataclysmic changes in the make up of the financial institutions, and some of the major ones being decimated, it is only logical that the supplier of financial info to them will be affected as well. For now, for Thomson Reuters (NASDAQ: TRIN), that means a hiring freeze for its markets division, which also includes its Reuters Media and Reuters.com division, according to an internal memo by markets’ division CEO Devin Wenig, picked up by WSJ. It will “aggressively manage” costs and freeze external recruitment for newly created positions, except where the company is moving jobs to lower-cost locations, such as Beijing; Bangalore, India; and Poland, the story says. Besides needing senior approval for external hiring, travel and entertainment expenses will need similar approval, according to the memo. The markets division at Thomson Reuters employs about 27,000 people and generates around $7 billion of its revenue from the financial-services sector.
Meanwhile, the company is putting its own spin on it: CEO Tom Glocer came out today at the Goldman