Thread regarding Refinitiv layoffs

Nightmare integration = Messy layoffs ahead

Culture clash. UK bureaucracy. Hothead AS. Tech integration a nightmare. 2021 here we come

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Post ID: @OP+18mXeaPi

11 replies (most recent on top)

to @5wwo+18mXeaPi
heard that a zillion times: from new hires
lasted 2y max then sham unmasked! and let go
still did not understand what happened to them, nor anything about the business

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Post ID: @14jkf+18mXeaPi

No one ever retires from Refinitiv. Everyone gets shown the door eventually.

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Post ID: @13pqr+18mXeaPi

Stome indication from the HR team this week, that redundancies are on a glide path for the end of March.
Na Zdorovie!

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Post ID: @Szsl+18mXeaPi

To @Syta+18mXeaPi - can’t speak for everyone, but as a former Reuters, TR and now Refinitiv employee, most colleagues that I hear from greet the periodic purges like the return of a boring old friend.

I haven’t updated linkedin - and when I do, I’ll understand how to avoid notifying everyone. But updated or not, only a naive few will have any expectations of job security.

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Post ID: @Snch+18mXeaPi

I see that many heritage Refinitiv employees have announced on LinkedIn that they have new positions at LSE. Does that mean that they re safe and will not be purged in March?

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Post ID: @Syta+18mXeaPi

It was a wonderful speech this morning at the townhall. It was elegant how they worded how, in March, we will understand the full scope of the impacts to dedicated employees and their future AFTER helping them with the buyout to become one. FUBAR.

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Post ID: @Rhaq+18mXeaPi

'London Stock Exchange Group plc (“LSEG” or the “Company”) confirms that completion of
its all-share acquisition of Refinitiv (the “Transaction”), and re-admission to listing and
trading, is expected to occur on 29 January 2021, subject to the satisfaction or waiver of any
outstanding merger control and financial regulatory authority approvals, which are expected to
occur shortly.'

https://www.lseg.com/sites/default/files/content/documents/LSEG%20All%20Share%20Acquisition%20of%20Refinitiv%20–%20Expected%20Completion%20Date%2019Jan2021.pdf

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Post ID: @Lxdf+18mXeaPi

There's a two-week operations change freeze in place between 25 January and 5 February 2021, presumed to be due an impending major LSEG announcement. Stay tuned...

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Post ID: @Klkg+18mXeaPi

Disagree. The people getting fired are the ones who should have been fired long ago. The incompetents from the TR era that BS had to keep on the payrolls to get the deal done

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Post ID: @5wwo+18mXeaPi

“Buy the dip. Short the VIX. F–k Bitcoin.

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Post ID: @3wbg+18mXeaPi

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