Refinitiv Layoffs

Topics regarding layoffs at Refinitiv

I was being informed....

Mgr in HK office was given a list of employee visiting this site and the amount of time they spend on weekly basis. Use your phone to post!

So Quiet!

This blog has been quiet in the past few days. I guess everything is ok now!

Can we change our business strategy?

Move away from layoffs to something that might actually result in some positive changes down the line? I'm tired of the same old thing done over and over again without any results. It doesn't take a genius to see something needs to change. Although... read more

BOUM GOES EIKON AND FXT

new world record !!! a 12 hour outage of eikon and fxt and they have no clue where it is from. keep outsourcing. started at 3am gmt and still going strong ! please raise a ticket siiiiiiir

Are you serious?!

I am not sure why employees would think posting negative posts here is helping you to survive through this or next or even next next round. Or I can assume some of you who post here were the ones already being let go and now trying to avenge this... read more

Trim higher management to safe jobs

observed that none of ELTs or >95% tier 2,3 and 4 management remained in position while almost no changes at entitlements i.e. enjoying "exclusive incentives/benefits package". Trim a few ELTs with theirs' packages will safe hundreds of job, if those... read more

This company isn't worth it anymore

Forget about TR, this is now Blackstone. Blackstone is the king of Modern slavery, at the expense of their loyal employees and their families. I hate Blackstone. It destroyed my company, and slowly my life.

A question for the newest layoffs

We had a 'Townhall' yesterday where they explained their ultimate plan (with not much detail) where our boss said that we may or may not follow some or all of what we listened in on. My questions, since we are going (or some of us already have gone)... read more

Where's the Leadership?

Figuratively and literally. 3XSQ, London and other layoffs and they are once again cowardly and silent. Pampering themselves at great company expense in Bali while cost cutting with others livelihoods. The weakest most incompetent and shameful... read more

Gdynia hit on a small level

These 2 months all recently joined analysts in KYC were told their contracts wont be prolonged. Moreover today a meeting scheduled with TF. Hoping for the best, but atmosphere here is like at cemetary :(

FxAll, nice knowing you....

https://www.reuters.com/article/us-refinitiv-divestiture-fxall-exclusive-idUSKCN1RM2IC this is "enabling Refinitiv to trim its debt pile following its acquisition last year by a consortium led by Blackstone Group LP in a $20-billion leveraged... read more

What is future of BETA systems in Brookfield WI

BETA Systems has been rebranded through the years and is now called Refinitiv but most people and clients still call it BETA. They do back office brokerage for several brokerage firms. Biggest client is WFA. What is their future?

Servance Package after July

Just want to get an idea. I wonder if anyone has some insight on how the package would look like after July 1st? I have been with the companies for a little more than 10 years. I want to see what I should do now? Should I wait to see if something... read more

Not as promising as you think out there!

I have been searching outside of R since Jan and hoping to land on something after the AIP. The sight aint too promising though. Either pay aint as good or the benefit. May have to stay till the music chair event again. Funny thing is my clients all... read more

AIP

Director level here, just informed that TR AIP target at nearly 135% after jettisoning F&R. Refinitiv AIP at barely 109%. No pro-rated TR AIP for 9 months and RFT for 3 as should be by rights for ex TR. Apparently, they covered this in the fine print... read more

Plans to PIP staff in Singapore

I understand that the new Singapore and Asia management will find reasons to PIP Staff rather than make them redundant to save on payments. Seems that the business has lost its way and staff welfare is a secondary concern. Anyone else hearing about... read more

New CFO leading a change?

A couple of months back newly joined CFO an outsider presumably recruited by BS. No idea what had happened all of a sudden the whole of Digital and Business Technology group is going to report to a CFO. Remind you this group has got possibly most... read more

Singapore new leadership style

threatening people with layoffs if they don’t follow process and randomly shuffle seat allocation across office to increase collaboration. pretty bold and open by the new head

Poor Eikon staff

I am seeing that some of these Eikon support people are now being renamed to SRE Without even having 1/4 the skillset that SREs are generally required to have. What did management think of this, changing the title of the employee will change the... read more

Capable leaders

I would have agreed with most of this until the comment was made about DW or NM being capable leaders. There is not one leader that I came across in my last years at TR that had the balls to make a bet and move the company to a place where earnings... read more

TradeWeb IPO

https://www.bloomberg.com/news/articles/2019-01-09/refinitiv-s-tradeweb-is-said-to-file-confidentially-for-u-s-ipo?srnd=premium-asia Next to go FXAll i'm sure. Wouldn't be surprised if REDI also gets shuttered.

What's in a name Refinitiv?

One of the 1st decisions made by senior management - company name. And the results are in... See Ad Age article: adage.com/article/news/11-worst/315977/

More layoffs in March

The next round will be in March. I am not worrying about when it hits. But I am worry about whether they will be as generous as the package (esp after June) they are handing out now. Does anybody know if this is true? And if it is, which areas will... read more

France is being hit

It took some time, but France had been told that approximately 45 positions were at risk (out of 300 maybe).

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