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The workforce of Thomson Reuters declined significantly between 2009 and 2023. In 2023, however, their workforce grew slightly by approximately *** employees.

Thomson Reuters

The Thomson Reuters Corporation is a multinational mass media and information company headquartered in Toronto, Canada. Outside of professional circles, the company is perhaps most associated with the provision of unaffiliated news content to media outlets under the Reuters name, including stories and photos for publication in newspapers. When broken down by business line, however, these services constituted a small amount of revenue generated by the company. The majority of revenue was generated by the provision of information services to corporations and governments, covering legal, tax and accounting, and policy-making more broadly. Of these services, the provision of legal information to law firms was their largest source of revenue.

Reason for decline in employee numbers

As with their employee numbers, the revenue of Thomson Reuters saw a major decline between 2011 and 2018, however has somewhat recovered since then. This decline was primarily due to the sale of the company’s stake in their financial and risk division. Formerly this division comprised a majority of the company’s revenue, with the sharp drop in revenue for 2017 reflecting the removal of this division’s revenue from Thomson Reuter’s balance sheet. Despite this loss of gross revenue, the company’s net income has remained relatively unaffected.