People were mentioning inevitable major layoffs a few months ago but nothing has happened so far. Did that rumor fizzle out or are those layoffs still a possibility?
Topics regarding layoffs at Refinitiv
I don't know what's your situation like, but I have never had less motivation for work. Creativity is at zero. I'm thinking, is this just a passing phase and is it just up to me to quit because I have nothing more to give to this company, or have you... — read more
Did Refinitiv and TCS conspire to send employees from Refinitiv to TCS under supposed SDDC project title and then 1 month in tell them there is no work so they wouldn’t have to pay severances?
Managers told that they have a target to rate 10% of team as underachieving at next review. So that was a great HR briefing yesterday in the UK. What happens if none of the team are under achieving, I guess a short straw challenge. Loved the response... — read more
Seems that anyone at or above Band K got a 0% sal hike this year, regardless of performance, and that performance ratings were only a factor for Bonus IPF. In yesterday's annual report though, it discloses CEO getting a 25% jump in fixed pay, in this... — read more
Thought by now there would be first cuts mentioned, not hearing anything in London any news elsewhere ?
Who are taking credit for someone achievements and exploit lower rank colleagues?
Remember this "rap song"? https://www.thelayoff.com/t/VCMIEEA "It’s like a Fintech and a Spaceship got together and mated; TR in our hearts as we progress anew; Put that orange in the background and replace it with blue..." So what's the LSEG... — read more
Culture clash. UK bureaucracy. Hothead AS. Tech integration a nightmare. 2021 here we come
Surprise! You're RIF'd. Sorry, don't know the extend or any more details.
When do they come through? Any rumors of how much, when and where?
Just wondering if anyone has heard of any layoffs in the Brookfield campus for the rest of 2020. Historically, layoffs are in November just before Thanksgiving. I haven't heard anything from my usual sources for THIS year.
After the posting of Refinitiv's acquiring AssetMark, what impacts do people believe will occur for BETA's Wealth Management Group? Thoughts?
Anyone know what the deal is with being assigned to Refinitiv HyperCare team ? Is it just another way in the end to get you outsourced to TCS?
Is that true Eagan office is closing down on December and all employees have been let go? Seems like lot of old timers in London have been let go, my linked in feed is full of looking for work statuses. But wonder why there are job openings... — read more
Wow.. so Q2 results show Refinitiv as 1.2 Billion cash rich, all growth areas are up, yet the evil that pervades decides now is a great time for mass redundancy. Refinitiv a shining beacon for all that is wrong in society. Rich 1% get richer and care... — read more
Question to leader - will we have layoffs ? Answer : No Translation : Yes, but just a few here and there Leader comment: I am so proud of you and would love to hear how can I help. Translation: I don’t care about you . If you dare to ask... — read more
It seems to me that the many groups that I am involved with are being pushed to change over their utilization of software (i.e. Jira) to be the same as others around the world, increasing cross departmental training, adding employees in areas where... — read more
Anyone who still has an original RPF scheme pension going check your statement as some going out with wrong salary figures and this could be harder to fix if any of us are laid off. Some have been wrong for years!
I joined Refinitiv three years ago and now I can say with confidence it was the worst decision I ever made when I quit my old job and come here for a slightly higher pay. That pay bump came with horrible work environment, incompetent managers... — read more
I wish I could tell everybody we're safe from now on, but everybody knows by now it'd be a lie. However, I believe we are safe at least for a while, including this week. Barring some unexpected COVID-19-related layoffs in the next month or two, we... — read more
I heard it might not be done yet after all, is this true?
Will UK union members be balloted on possible strike action to support UK jobs? I am usually against this type of action but someone needs to make a stand.
Besides technology, layoffs are also in SAM (sales account management) world, particularly customer success org. Not sure which regions, or may be it is global. The idea was to follow Bloomberg model where there is no segregation of account managers... — read more
Seems for most they are asking people to work full notice periods. For some so far in APAC this is many months... play fair Refinitiv and pay people in lieu, can’t expect those leaving to dig you out of the mess up to the completion of the LSE deal... — read more
As in the subject, does anyone have more information? All are sitting at home due to covid, some were invited to the meeting today and offered a mutual agreement separation. No idea on total headcount.
What is there only to fill Blackstone’s and Thomson’s pockets - as much as possible in a minimal amount of time? It does not matter if this lays off thousands, makes people miserable, installs management by terror, downgrades service, betrays out... — read more
Is there any truth in the rumours regards the 10% of employees marked as underperformers to be put on formal performance reviews to reduce redundancy costs?
Does anyone have any “real” useful information on layoffs? What teams, dates, region - anything that can help prepare...
Then the layoffs should start - and it's not going to be pretty. Mid-July is the latest I've heard, which means right after the Fourth of July and the following week are done. At least they are letting us go through this weekend and celebrate in... — read more
It’s coming very soon! Allegedly already agreed with a third party to take on much of the network/infrastructure space, expect a large scale out source to an existing partner precluded by ‘rightsizing’. Anyone outside of India should get... — read more
How do we order kit to work from home? Screens keyboards chairs, any ideas?
I read in Refinitiv's site that your manager will get the 'stats' from their team (it's buried). Perhaps no names were mentioned (who knows) but comments might be so it wouldn't be a good idea to leave comments that your manager might associate with... — read more
I am hearing from many sources about layoffs in multiple content groups . What is confirmed so far : EH is preparing to lay-off 25% of his staff. Notification date will be June 30th. Pricing team notifications will be out in July.
Noticed a discussion on popular hacker forum about some refinitiv credentials were available In pastebin. Not sure what impact that might have on the current excessive outsourcing.
If you are working in content operations you must be prepared for layoffs . FX content , pricing, corporate actions, fixed income content, Company financials, commodities and World- Check .Senior leadership is planning to move 500 roles to low... — read more
Hearing about another round of layoffs happening soon in the pricing service. MM will use his Minions to get rid of non-millennials .
All, An employee of TCS working on the 2nd floor CS has sadly passed away yesterday. There is no comms from elite executive team. So much of care for employees. If you were in 2nd floor of CS, please take proactive step to self isolate or even... — read more