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Bloomberg News Cuts Jobs and Merges Coverage Teams

The overhaul merges credit, finance, legal, financial reporting teams to streamline operations for planned newsroom expansion by year-end

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Overview

  • Editor-in-chief John Micklethwait announced on July 8 that Bloomberg News has cut an undisclosed number of roles under a department-wide restructuring.
  • The reshuffle pairs the credit desk with finance coverage and merges legal reporting with financial regulatory teams to consolidate resources.
  • Editor Ian Fisher was among the staffers who publicly confirmed their departures on X.
  • Semafor originally reported the layoffs before Bloomberg issued an internal memo detailing the changes.
  • Micklethwait says the move will enable Bloomberg News to end 2025 with a larger overall newsroom after prioritizing operational efficiency.