Bloomberg News Restructures, Lays Off Dozens Amid Shifting Priorities

Bloomberg News is undergoing a major restructuring, resulting in around a dozen layoffs in its newsroom. The company is merging its credit and finance teams, as well as its legal and financial regulation coverage groups, to streamline editorial operations. Despite the departures, Bloomberg Editor-in-Chief John Micklethwait expressed optimism about the company's future, stating that it will end the year with a bigger newsroom than it started.

Bloomberg News, a leading global financial news organization, is undergoing a significant restructuring, resulting in around a dozen layoffs in its newsroom. The company is consolidating its credit and finance teams, as well as its legal and financial regulation coverage groups, to streamline editorial operations. This move comes amidst a broader wave of media industry layoffs and cost-cutting measures.

The layoffs, announced by Bloomberg Editor-in-Chief John Micklethwait, will impact approximately a dozen staffers in the company’s global operations. Micklethwait expressed optimism about Bloomberg’s future, stating that the company will "end this year with a bigger newsroom than we started it." The internal reorganization reflects shifting priorities as Bloomberg adapts its newsroom structure to evolving coverage needs and broader trends in the financial media landscape.

Bloomberg News, which is headquartered in New York City, has expanded into a global news organization with more than 2,700 journalists stationed worldwide. The core of Bloomberg’s business model is the Bloomberg Terminal, which provides real-time financial data, analytics, and news to finance professionals. Terminal subscriptions range from approximately $19,000 to $24,000 per year per user and account for the majority of the company’s revenue. Bloomberg Media has reportedly surpassed 600,000 digital subscribers, the majority of whom are on annual plans.

Despite the layoffs, Bloomberg News continues to expand its digital subscriber base and invest in high-growth areas like data journalism and artificial intelligence. The company's restructuring is part of a broader effort to adapt to the changing landscape of the financial media industry.

References:
[1] https://www.reuters.com/business/finance/uks-wise-seeks-create-national-trust-bank-us-bloomberg-news-reports-2025-07-02/
[2] https://www.newsmax.com/finance/streettalk/meta-essilorluxottica-stake/2025/07/08/id/1218066/