“Pay-out to staff as Bloomberg sales fall”

This is the headline in today’s Financial Times.  The article, written by Andrew Edgecliffe-Johnson, reports that:

“In a rare disclosure by the privately held news and data company, Bloomberg said its total terminal numbers had fallen by 11,470 or 4 per cent, from a peak last November of 268,800.”

However, even with the drop in the sale of terminals, revenues for Bloomberg in the last year have risen from $5.8 billion dollars to $6.2 billion dollars and  Bloomberg is ‘planning to add 1000 employees’.

This entry was posted in Bloomberg Law and tagged , , by Erika Wayne. Bookmark the permalink.

About Erika Wayne

Erika V. Wayne is deputy library director and lecturer in law at Stanford Law School. Along with George Wilson, Kate Wilko and Paul Lomio, Erika Wayne has co-taught Advanced Legal Research for 3 years. Erika's interest in Open Access dates back to the 1996 when she helped in the development of the Securities Class Action Clearinghouse -- the first court designated internet site for public posting of securities litigation filings. And, she hates to pay for *anything* that should be free. She has a law degree from Penn and a library degree from Illinois.

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