Bloomberg is restructuring its newsroom, leading to rare staff cuts that are anticipated to result in a larger workforce by year-end. The changes include merging finance teams under Sree Vidya Bhaktavatsalam to enhance private markets coverage. Front-page news teams will also be combined for consistency, enabling enhanced AI tool integration. Additionally, the video editorial will be centralized under Kristin Powers, reflecting the successful audio editorial model. Bloomberg's media division is usually insulated from layoffs due to its significant size and ownership by Bloomberg LP.
Bloomberg is making a rare staff cut as it reorganizes its newsroom, but plans to end the year with a bigger head count.
Micklethwait announced several changes in the newsroom's structure such as merging some finance teams and consolidating them under Sree Vidya Bhaktavatsalam.
While layoffs have become commonplace across the media landscape, staff reductions at Bloomberg's media arm are rare, partly insulated by its ownership.
Bloomberg is centralizing video editorial under Kristin Powers, mirroring its audio editorial model to enhance coverage consistency.
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