Thomson Reuters is to cut 2500 jobs from its underperforming financial and risk division by year end.
The question of the day; will Thomson Reuters finally learn that its customers don't want a totally new desktop product every 10 years, nor do they want (if they use Thomson Reuters data) to have to buy software? They need to learn from Bloomberg, which
comes out with small, easy to digest updates every month, requiring only very simple rollout procedures. Thomson Reuters has put its clients through RTW / ATW, Kobra, Kobra / 3000 Xtra, and now Eikon, each requiring massive learning curves, limited functionality
at first, and some have required redoing ultra complex spreadsheets and expensive infrastructure updates.
© Finextra Research 2014