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
Topics regarding layoffs at Refinitiv
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
I heard it might not be done yet after all, is this true?
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 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
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.
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
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.
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
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
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?
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
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
Does anyone have any “real” useful information on layoffs? What teams, dates, region - anything that can help prepare...
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
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
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?
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
How do we order kit to work from home? Screens keyboards chairs, any ideas?
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
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.
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
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
Hearing about another round of layoffs happening soon in the pricing service. MM will use his Minions to get rid of non-millennials .
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.
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
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
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
This year or next? All moved to India already? Gdynia affected? There is live after TR/Ref my friends!
Rumours of someone walked out of the building yesterday and today a change on the Refinitiv Executive Team page.
Does anyone know what the move downt. own will bring?
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
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
Did the Oak Brook site close or did they just relocate?
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?
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