Bloomberg Cuts 14

A result of Bloomberg Markets's print reduction.

2The reduction in Bloomberg Markets’s publishing frequency—the magazine is going from a monthly to just six issues per year—has cost 14 staffers their jobs.

According to Talking Biz News, three senior editors are among the cuts. William Mellor, Anthony Effinger and David Evans are all out as a result of the new Markets.

Last month Bloomberg announced it was cutting Markets’s frequency and relaunching it next year as a promotional magazine.

“We have not settled yet on the exact design, but our aim will be to draw on the full strength of Bloomberg’s markets and financial coverage — on the terminal, our expanded Bloomberg Markets TV show, a new website optimized for mobile, and podcasts,” wrote Bloomberg editor John Micklethwait in a memo at the time.