Layoffs of photo staff continue at one of the world's largest news companies. Thomas Szlukovenyi, the Picture Editor for North America, and Peter Jones, the chief photographer for Canada and the Canada and North American Sports Photo Editor, were axed this week in a move of continued downsizing at Thomson Reuters that gained significant media attention during its first round of major layoffs that began last summer. There is speculation that Europe and the Middle East East could be next.
In a staff memo yesterday, Editor In Chief for Reuters, Steve Adler, said that more layoffs are coming. This, despite the fact that Reuters has increased their budget for the next year by 1%. So what does this mean? It means that Reuters doesn't believe a photo staff is as integral as it once was, and that they are shifting their money into something they feel will be more lucrative - specifically their television operation and their IPhone and IPad app as means of delivering the news.
More importantly what does this signal for the future of photojournalists? What do you think?