Refinitiv, the financial data and trading company, is in the process of cutting around 2,000 jobs after its takeover by Blackstone, the large private equity group. The group is looking to strip out $650m of costs in a bid to reshape and compete better with rival Bloomberg amid a growing demand for data from banks and fund managers. Refinitiv...
hp is reportedly axing around 2,000 employees following its acquisition by Blackstone . The move is part of a $ 650 million cost - cutting process , as it looks to compete with Bloomberg in providing financial data services to investors and fund managers . The job cuts are from corporate functions , like accounting and human resources , according to unnamed sources . However , Refinitiv 's investment in technology means the company wants to employ around 1,000 staff with cloud computing , AI , automation and customer service skills , the sources added .