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?
Topics regarding layoffs at Refinitiv
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
Been waiting for a month for "transformation" layoffs....or worse yet....resignation letter demands/transfer of employment to a third party, thus relinquishing of tenure, quick firing. Has anyone heard anything? Or if not, share your... — read more
Will Refinitiv provide a special compensation award to help ease the financial burden of the coronavirus pandemic to its employees, like some companies are doing?
The executive lounge team are currently unable to do what they do best, collect mileage awards, and now have to think about company business rather than picking their next luxury company-paid travel / golf / shopping / gourmet / infidelity... — read more
This year or next? All moved to India already? Gdynia affected? There is live after TR/Ref my friends!
Am hearing from sources there will be a GWRR programme kicking off in March which I can only assume judging by the title will lead to potential job losses and offshoring/outsourcing. Anybody heard same, did hear a while back that as a vast majority... — read more
Is anyone concerned by the phrase in the Reuters article dated January 21st "triggering...possible sale of assets"? I'm worrying about different parts of the business that makes less sense to the LSE like maybe the old BETA in Brookfield? LSE... — read more
Did the Oak Brook site close or did they just relocate?
Not that I blame people for leaving this place... But I do blame the company for being in no hurry to hire replacements for many of them, so we end up with twice more work than we are supposed to have - and not enough time to do it all. If this... — read more
Does anyone know what the move downt. own will bring?
Earlier this morning, a post was made about the head of Refinitiv Labs, TB, getting the chop along with someone else. The post got pulled. Anyone else able to confirm or deny? The signature name was very funny so didn't know if that might be the... — read more
One of many news stories making the rounds... https://www.reuters.com/article/us-lse-m-a-refinitiv/london-stock-exchange-shareholders-bless-27-billion-refinitiv-deal-idUSKBN1Y01DD
Word on the street is that the Singapore Bus Dev team are about to dust off the KYCaaS aprons and claw the laid off staff back.... MAS want to kickstart the KYC utility programme again. Big game changing targets over the next few years from the MAS... — read more
Brookfield is entering the "layoff month" and there hasn't been any word as to whether or not there will be layoffs of any type (big or small). They are heavily development related and closely connected with Eagon, Illinois. If anyone has heard... — read more
Just as there was the open target of JG it is understood that DW has the cross hairs on DC. The word is lots of back room discussions with shareholders and stakeholders with a public "not true". You just never know, given the recent talent choices... — read more
Someone mentioned on this board yesterday that layoffs are happening in Zug due to the closure of the office there. As far as I can see, none of the other posters commented on that or gave any more details. Is the Zug office really closing? Has that... — read more
The consultation period for the Zug office has started. 13 people from the tech business area are planned to be made redundant with others relocated to Zürich office. I beleive there are only 13 tech positions here.
Eagan-based Technology (~175 folks) is being shut down by Q3 2020. Sounds like most end dates were not until at least Dec. 31, 2019. Some folks have been offered relocation, which sounds like St. Louis being the main transfer spot. Made into a... — read more
Looks like all the non strategic locations are on the line. So except Brookfield and St. Louis everyone else?? And it will be interesting to see what kind of package they offer and what will be the end date.. I would like to know the same... — read more
Rumors are the Rockville MD office will be closed. It had 500 people at one time now maybe 40. Most will be shown the door. a few offered the chance to move to Brookfield.
20 x 10 person dev team (and thats really generous) = 200 Support, deployment, etc = 200 people (generous) Legal, etc = 20 Hr = 5 (not sure why 0 isn't the right number) A few decent pms = 20
Rumours of someone walked out of the building yesterday and today a change on the Refinitiv Executive Team page.
Nearly a year since I was laid off. It was miserable waiting for the axe to fall. Now things are much better for me. Just wondering is it working out for people still there?