Bloomberg News to Cut 80 Staffers by Labor Day

New York Post: Bloomberg is said to be gearing up for a big round of layoffs before Labor Day. The financial news and data giant will cut 80 people, or about 3.3 percent of its 2,400 newsroom employees, as early as Tuesday, according to a source familiar with the plans. While most of the layoffs will be in the U.S., they will not be focused on one particular coverage area.