Reuters' forex cuts remain unclear

TECHNOLOGY NEWS

LONDON -- The extent of casualties among Reuters' forex transaction services group remained unclear last week, following the firm's June 19 announcement of 650 layoffs.

Although a spokesperson at Reuters in London would not comment on particular departments or individuals involved, rumours circulating the trading technology industry last week pointed to cuts right at the heart of the upper levels of the firm's bureaucratic structure.

According to one internal source, the global services

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