The union representing journalists at the Bloomberg industry publication group on Monday condemned the company's decision to bar journalists across the broader Bloomberg organization from investigating Democratic candidates for president.

In a statement released on Twitter, the guild, which represents Bloomberg Law, Bloomberg Tax, Bloomberg Government and Bloomberg Environment called the company's decision an effort to "silence" the company's reporters.

"We are extremely alarmed by management's decision to silence the journalists we represent at Bloomberg Industry Group, as well as the unrepresented journalists at Bloomberg News," the guild wrote.

"The Guild believes journalists should not only be allowed — but encouraged — to thoroughly cover every single candidate as the profession demands in one of the most important elections in modern history,"

The guild's statement comes as Bloomberg announced in a letter to employees that the company would not publish investigations of the Democratic presidential candidates following billionaire owner Michael Bloomberg's entry into the 2020 race as a Democratic primary candidate.

“We will continue our tradition of not investigating Mike (and his family and foundation) and we will extend the same policy to his rivals in the Democratic primaries. We cannot treat Mike’s democratic competitors differently from him," read a staff memo from Bloomberg Editor-in-Chief John Micklethwait.