I don’t know about other locations but at mine, it has been quiet for some time in terms of layoffs. Almost too quiet. If experience has taught me anything it’s that layoffs come in waves. A period of no layoffs followed by a period of layoffs. I... — read more
Topics regarding layoffs at Refinitiv
With the upcoming potential of more redundancies coming is it worth joining Unite Union? I reckon I could be at the top of the list as my boss has a vendetta against me and has caused me nothing but hassel over the last year. Even threatening... — read more
Hope Refinitiv came with a money-back guarantee cuz LSEG were sold a lemon. One whose juice was wrung out long ago by the constant layoffs of good, knowledgeable people. And it's only going to get worse. How many major outages has it been now on... — read more
I never thought I would find myself in such a situation and, it may sound a bit arrogant, now I hope to become redundant. I think that the company is on a very wrong course and that it is set to fall. Although I am an optimist by nature, I believe... — read more
Assume it's his choice as he is staying till end of year but whatever happens he'll not be short of benefits. For those of us lower down the chain any news on UK layoffs? Assuming they will be picking off the 10% who are marked down as under... — read more
The more people leave voluntarily, the fewer they will have to lay off. I have been here for a long time and I notice that lately they have been using all possible ways to make my work harder, to get me to the breaking point and so I leave on my own... — read more
Anyone here who left to join a startup? If so I’d love some feedback on how that is working out for you. I’ve been offered a position with competitive pay and benefits with a small startup but I’m unsure if I should take it or not. I don’t want to... — read more
Does anyone else have the feeling that they are just wasting their time here? There is more and more talk of layoffs next month, but I am doing my best to leave even before I get into a situation where they tell me I am no longer needed here. I made... — read more
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?
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?
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?
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
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
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
Who are taking credit for someone achievements and exploit lower rank colleagues?
Thought by now there would be first cuts mentioned, not hearing anything in London any news elsewhere ?
Culture clash. UK bureaucracy. Hothead AS. Tech integration a nightmare. 2021 here we come
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
When do they come through? Any rumors of how much, when and where?
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?
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 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 think 40 more from brookfield will be leaving by months end, good sorce
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
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.
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
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.
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
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