Bloomberg was kicking TR/refinitiv’s butt for a long time. Leaner, meaner, smarter people, better products. Is that still the case?
Topics regarding layoffs at Refinitiv
Looks like they are exiting “buying and selling of shares” as BBC report it. Guess this will impact Refinitiv sales and subscriptions ? https://www.bbc.co.uk/news/business-48901565 — read more
Anyone got rumors to share on the upcoming structural changes being announced on 27th for H2?
Pasting the thread in the page next door. https://www.thelayoff.com/t/Z5Ya8ZF I don't know what the heck we are paying $325m a year for. Corporate debt is exploding in China & India - where is the news coverage?? They're not covering what matters to... — read more
Has FXAll / Matching & Dealing (FXT) been sold to Deutsche Börse yet ? It was described as one of jewels in Refinitiv crown and selling the jewels to payoff the debts seemed the route they were taking. I was told the Fx business is a cash cow with... — read more
Any rumors of if and when this is getting sold off???
The same week they returned from sunning themselves in Bali at shareholder expense they posted about how excited they were about the next Dave and Babs executive vacation in Marrakesh. This shower of industry lightweights have spent years holding... — read more
Goodbye KYCaaS and the 100’s of staff that have sweated blood and tears for that business over the last few years. Writing was on the wall. Laughable that this decision was based on “Refinitiv’s unwavering pursuit of growth!”
Big KYCaaS announcement on Monday 3rd. It’s time...
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!
This blog has been quiet in the past few days. I guess everything is ok now!
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
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 — read more
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
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
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. — read more
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
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
Nicosia office will be shut down next December 2019..they signed for their packs..
I have an idea for all of us vendors, customers to add in all emails at the end "LCR" (LOW COST RULES) or "MTR" (missing Thomson Reuters)as support for Refinitiv ideas.
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 :(
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
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?
3XSQ is going away - notices in Sept, execution by December. When I say 3XSQ, yes, all in the NY office. — read more
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
Is this true? How many?
Is this firm really supposed to be a new path To allow the firm to grow or just a way to stage an eventual sale?
How does this help or hurt refinitiv
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
ELT rejoice, you've finally achieved something you can take credit for. Give yourselves a well deserved vacation in Bali Wait... — read more
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
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
Pricing service lost another 3, hearing a few here and there elsewhere. Is this going to be a stealth round?? anyone else seeing cuts please add... — read more
Approval processes are taking much longer than it did under previous management. Too much focus on optics rather than performance?? — read more
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
The severance package in France is just amazing! Maybe they should fire more? — read more
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 — read more
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
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
I think 40 more from brookfield will be leaving by months end, good sorce