The 3200 position cut number was announced in 2018. Anyone know how many of those positions have already been eliminated and/or what we can expect moving forward in 2020?
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The 3200 number is supposed to be a combination of layoffs, retirements, and attrition (i.e. people leaving for other jobs).
And the stock price is currently down.
The Thomson family have always been fixated on the share price.
It seems the few dozen billion they are worth or the couple of million a day in dividends isn’t enough for them and the worker bees must work harder or get dumped.
Wonder how money is enough for them?
Its not a good place to work at the moment so any redundancies may be a blessing and give some a chance to move on.
The hint is that our new CFO is fixated on the "rule of 40" metric. He's blogged about it. Revenue will need to grow drastically or costs need to be cut before TR gets close to the magic 40 number.
When headcount cuts are announced, the narrative will be anchored to the rule of 40 blog. You've been warned.
Meeting the CEO didn’t inspire much confidence in turns of job security. He explained he was interested in productivity not cost cutting as if they weren’t related. Another good joke was that the Thomson family was fixated on the stock price.
With how everything has bee rolled out related to the reorganization, I wouldn’t expect much transparency on those numbers. You’ll know when you get a meeting notice.