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
I am guessing there will be a new pledge ?
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
Looks like next week https://www.lseg.com/resources/media-centre/press-releases/statement-regarding-press-speculation
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
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
Looks like an announcement very soon on tie up with London Stock Exchange. Any one got any news on this, other than what is on main news sites (including Reuters ) ? Sit tight, it's all going to kick off again.
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?
Any rumors of if and when this is getting sold off???
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
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
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?
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
Anyone got rumors to share on the upcoming structural changes being announced on 27th for H2?
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!”
The severance package in France is just amazing! Maybe they should fire more? — read more
Big KYCaaS announcement on Monday 3rd. It’s time...
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
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!
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
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
This blog has been quiet in the past few days. I guess everything is ok now!
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
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 :(
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
3XSQ is going away - notices in Sept, execution by December. When I say 3XSQ, yes, all in the NY office. — 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
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.
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
10 points for each of these management tropes in any Hub or Townhall. Try the latest HR (sorry, "People") non-announcement for practice: use of "excited" to describe announcing an org chart no one cares about appeal to higher authority (e.g., name... — 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
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
Is this true? How many?
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
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
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
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