Thread regarding Thomson Reuters layoffs

Hasker all hands call July 9

All hands call hosted by Hasker today. He seemed to be shifty. Brian P spoke briefly and acted nervous. Doesn’t seem like the company as a whole is doing well. Hasker said the same Mumbo jumbo about “please our customers” but gave no concrete examples or info. Someone asked about employee survey and HR Mary Alice said everyone “overwhelming happy” with the state of things at TR but gave no evidence or actual survey results. Expect more layoffs soon.

by
| 2422 views | | 9 replies (last )
Post ID: @OP+15R4oeC8

9 replies (most recent on top)

Brian P. has been one of the most unimpressive senior executives I've ever witnessed. It is obvious that despite the hubris and corporate-speak, he doesn't understand his products, his employees, or his customers.

by
|
Post ID: @gmzy+15R4oeC8

Hasker may have said no Covid related layoffs but I wouldn't be surprised to see a Voluntary Separation Package offered this year. There are plenty of long term/high salary people in the pension plans, especially in Legal. It's pretty clear Hasker was brought in to shake things up, and getting rid of high salary individuals who are also in the pension plans is probably one of his goals. If I were in senior leadership, I'd be worried.

by
|
Post ID: @2rha+15R4oeC8

It is same old story, doesn't matter who the CEO is I guess. Two things you can bet on, Brian P will be leaving TR to pursue other interests shortly and there will be "simplification" this year. Those senior level folks don't make much of a difference to the regular folks, but the senior management in each segment do, and they are the ones that need to move on, if you want to change culture.

by
|
Post ID: @1ujk+15R4oeC8

"Idea of making TR a desirable place to foster a career". Yeah, right! Can't ever see that happening with all the layoffs and outsourcing that takes place. Have you noticed that many of the companies mentioned on this website are eventually removed. Yet TR seems to stay on it continuously. Ain't no way career paths are going to be forged when that happens. This company is over the top when it comes to the number of managers it has - all on big money.

by
|
Post ID: @fuj+15R4oeC8

Hasker said “no covid-related” layoffs but that leaves open possibility of layoffs relating to business performance & simplification. There will definitely be layoffs coming but TR is saying as of right now, the company won’t blame covid for the layoffs. We will see if this holds true when the time comes.

by
|
Post ID: @nkv+15R4oeC8

Hasker said there would be no COVID-related layoffs. He said over the coming years there could possibly be measures taken for the sake of “simplification,” whatever that means. Don’t know if it’s corporate BS, but he seems committed to the idea of making TR a desirable place to foster a career. Hard to create that culture when you lay off workers. Shiftiness mentioned by poster above, I’m chalking up to body language on webcam.

by
|
Post ID: @vdu+15R4oeC8

Brian will prob leave or be removed very soon. When he goes, expect SVP Pradeep Lankapalli to leave TR. Pra & Brian are 2 peas in a pod. They have been making all decisions, with dismal results & widespread employee unrest. Must be quite a power struggle between them & Hasker.

by
|
Post ID: @dus+15R4oeC8

Wayyyy too many management and director layers at TR. The managers make the big $$ with special pensions. Need to cut mgmt layers not front line workers.

by
|
Post ID: @sjb+15R4oeC8

Post a reply

: