Relaxin’ at Bloomberg

July 28, 2008

fenwick1.jpgIs Bloomberg chilling out? The news and financial data provider (and our competitor) looks like it’s trying to make life at the hard-driving news and information provider a little less crazy.

“Starting August 1, employees can request schedules better suited to their personal lives — including flexible hours, a shorter work week and working from home,” writes Reuters reporter Robert MacMillan, who obtained a copy of the plans. “The new work schedule system may be Bloomberg’s first public acknowledgment of the need to accommodate an employee’s personal life — and that the changes would help the business.”

It’s not clear whether there’s a connection, but the new policy comes as Bloomberg is getting ready to defend itself against a lawsuit filed by the Equal Employment Opportunity Commission (EEOC) charging discrimination against pregnant women and new mothers.

It’s an interesting cultural shift for Bloomberg, whose staffers work in what many people describe as a very intense workplace. And it raises a lot of questions. Will the move help Bloomberg with employee retention? Will the company actually get more out of staffers, because they will be presumably be happier in the workplace? Could it take away the edge, but in a bad way? Is it even realistic to think that Bloomberg can make such changes to its culture?

For the article, Bloomberg employees contacted by MacMillan declined to comment. We understand (do we ever!) , but our comments section on this blog never said you had to include your name along with your sharp observations. We’re eager to hear from you, Bloomberg folks.

Keep an eye on:

  • A start-up led by former star Google engineers unveiled a new Web search service that aims to outdo the Internet search leader in size (Reuters)
  • Yahoo director Robert Kotick’s resignation will take effect after the company’s annual meeting this week, where he will stand for reelection, to comply with a settlement with investor Carl Icahn (Reuters)
  • Sirius Satellite Radio’s second-quarter adjusted quarterly loss narrowed as it increased subscribers to its pay radio service (Reuters)
  • Publishing group Pearson Plc, owner of the Financial Times, posted stronger than expected results and an upbeat outlook in a display of resilience in an otherwise depressed media sector (Reuters)
One comment

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hey give em a chance

Posted by bob smith | Report as abusive