Refinitiv Layoffs

Topics regarding layoffs at Refinitiv

What is future of BETA systems in Brookfield WI

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?

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Post ID: @Ywkmv43

Comment pulled

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 

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Post ID: @12jeKOmH

DW Gunning for DC

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 

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Post ID: @11RnOObn

Any news for Brookfield, Wisconsin?

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 

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Post ID: @11YLH6el

Bloomberg still kicking your butt?

Bloomberg was kicking TR/refinitiv’s butt for a long time. Leaner, meaner, smarter people, better products. Is that still the case?

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Post ID: @1085Sv7Z

Is the office in Zug really closing?

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 

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Post ID: @11M0zGIJ

Q4 2019 Refinitiv Layoffs

Sounds like Q4 2019 is going to be another bloodbath. So starting a separate thread for the latest wave of Q4 2019 layoff notices to avoid posts getting buried in other posts. And reposting some notices from @11jP4X34 as well. Over 400... —  read more 

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Post ID: @11lyU62q

Anyone happy at refinitiv?

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?

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Post ID: @10BIOzMB

Eagan-based Technology is being shut down

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 

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Post ID: @11lfoE4Q

Sales Layoffs?

How about Sales? I heard they are gonna be next This was asked by @11lyU62q-1ydg in a reply to a different topic. I wanted to ask a wider range of people the same question, so I made it a thread. Has anybody heard about Sales being hit in the... —  read more 

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Post ID: @11mfYdmY

All the non strategic locations are on the line?

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 

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Post ID: @11jP4X34

Rockville office to close soon

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.

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Post ID: @11eSb8IK

Can we change our business strategy?

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 

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Post ID: @Z5YMk5C

Change at the top?

Rumours of someone walked out of the building yesterday and today a change on the Refinitiv Executive Team page.

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Post ID: @10SxyKGp

Refinitiv should be ~ 445 people total

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

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Post ID: @10W9VSZD

A question for the newest layoffs

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 

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Post ID: @YXQNYq5

H2 Changes rumors

Anyone got rumors to share on the upcoming structural changes being announced on 27th for H2?

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Post ID: @Zw5ZjJu

Nobody wants Reuters

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 

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Post ID: @ZtWAEoO

LSE

Looks like next week https://www.lseg.com/resources/media-centre/press-releases/statement-regarding-press-speculation

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Post ID: @10fTOzfU

Where's the Leadership?

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 

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Post ID: @YWh3XuY

Executive Lounge Team

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 

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Post ID: @Zo5U5Ax

Refinitiv deal with London Stock Exchange

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.

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Post ID: @10eIV7Ll

Risk business

Any rumors of if and when this is getting sold off???

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Post ID: @ZpBE58X

Are you serious?!

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 

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Post ID: @Z28jHmc

FXAll Matching and Dealing (FXT)

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 

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Post ID: @Zrmq0zt

Goodbye KYCaaS

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!”

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Post ID: @Zn95Uth

I was being informed....

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!

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Post ID: @ZcX3ac9

More layoffs in March

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 

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Post ID: @WHtdvSe

So Quiet!

This blog has been quiet in the past few days. I guess everything is ok now!

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Post ID: @ZbgvzJv

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