Thread regarding Thomson Reuters layoffs

Calm before the storm

It seems pretty calm, new CEO must be assessing next steps, but the old senior management is getting removed one by one, so how does that bode for the people they chose to be segment leaders. We are at a stand still and there is a calmness in the air that is making me uneasy. What scares me is that the results are not good at all and really no pressure from senior management. Do you think they are going to put a lid on 2020 and blame it all on the pandemic and a new CEO, and keep things status quo, no layoffs? If they need to make changes I hope they make the right ones for a change.

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Post ID: @OP+15EuwtnG

10 replies (most recent on top)

Most of the "VPs" similar in title to a bank don't even have MBA's and or necessary basic qualifications to be in their roles. They are bad bull sh&^^$#s and will get caught . . .

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Post ID: @Fbbf+15EuwtnG

It's not just middle management that needs to be cut, but also the top level of management. Both levels are very heavy. The number of managers to workers on the floor at TR is ridiculous. It would also be nice to see some managers who are properly trained and qualified in management, rather than those brought up through the old boys' network and who haven't a clue what they are doing and why they are there.

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Post ID: @znmj+15EuwtnG

Most of the middle management layers need to be cut. They call themselves vice presidents and throw titles around when in reality they are similar to banking where everyone is a VP.

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Post ID: @xpuo+15EuwtnG

Feels like Brian P and Hasker compete for CEO. I would expect Brian P to leave TR soon.

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Post ID: @dsbo+15EuwtnG

All of the targets listed below except the most useless

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Post ID: @5szn+15EuwtnG

Who is most vulnerable to layoffs? New hires? Management or older, more expensive employees? Any particular segments?

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Post ID: @4zvs+15EuwtnG

"Some sort of "action" is on the horizonĀ "

I mean, didn't we already see the Chief Product Officer replaced with someone with a similar background to the new CEO? (McKinsey and Nielsen)

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Post ID: @3irc+15EuwtnG

The new CEO won't be assessing next steps for too long. He hasn't got that luxury. He's under the microscope. They're not going to be paying him big bucks just to sit round and find his way for too long. Some sort of "action" is on the horizon - just not sure when. In my opinion, we'll see something soon. Be interesting to see if this CEO is wedded to the "layoffs", as much as we've seen in the past to such devastating effect, or whether he has some other strategies in his arsenal.

Can't help but wonder why LexisNexis or Wolters Kluwer never seem to be in the news much re layoffs.

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Post ID: @3ynz+15EuwtnG

Wait till November. They like to layoff b4 the Holidays. This year will be no exception. Man the lifeboats!!

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Post ID: @2wbj+15EuwtnG

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