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?
Topics regarding layoffs at Refinitiv
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
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
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
I am guessing there will be a new pledge ?
Bloomberg was kicking TR/refinitiv’s butt for a long time. Leaner, meaner, smarter people, better products. Is that still the case?
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.
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?
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.
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
Rumours of someone walked out of the building yesterday and today a change on the Refinitiv Executive Team page.
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
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
Anyone got rumors to share on the upcoming structural changes being announced on 27th for H2?
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.
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
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...
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!
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!