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 .
Refinitiv is reportedly axing around 2,000 jobs following its acquisition by Blackstone. The move is part of a $650m cost-cutting process, as it looks to compete with Bloomberg in providing financial data services to banks 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 recruit around 1,000 staff with cloud computing, AI, automation and customer service skills, the sources added.