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Thomson Reuters to Outsource IT Services

Thomson Reuters Logo download (1)Thomson Reuters Corp. announced that it plans to hire a technology services company to manage many of its information technology services. The company said most affected technology workers will transition to the tech services firm, a common business practice, though companies often use such a change to reduce staff and lower other costs.  The third-party IT vendor will be selected in the fourth quarter.

In January, Thomson Reuters laid off 184 people at its offices in Eagan — part of an overall, cost-cutting move announced by the firm last fall. In October, the company said it would cut 3,000 jobs worldwide, about 5 percent of its global workforce. The company never quantified how many people in the Twin Cities would lose their jobs.  Thomson Reuters employs about 6,700 people in Eagan.

Source: Startribune.com

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