Thread regarding Refinitiv layoffs

A bit quiet in LSEG cost savings

Thought by now there would be first cuts mentioned, not hearing anything in London any news elsewhere ?

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Post ID: @OP+19GSa1g0

4 replies (most recent on top)

you guys should take a look at these:

http://www.theguardian.com/business/2021/mar/22/lse-david-schwimmer-pay-refinitiv-takeover
"The shares have fallen by 25% over the past month, however, over fears that the costs of integrating the businesses have been larger than expected."
or
"Bankers and others advising on the LSE’s purchase of Refinitiv earned more than $1bn in fees on the deal, making it one of the highest-paying acquisitions in British business history."

and

https://www.ft.com/content/57b1b431-f897-47f8-a4c8-f4efdebefcfe
"Worries have since multiplied that LSE lacks the boardroom experience needed to take on a complex, flawed and top-heavy business that by revenue is twice its size."
or
"But by the time of LSE's full-year results in March it was obvious that to fulfil its promise, Refinitiv needed major surgery."

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Post ID: @kksw+19GSa1g0

People silently disappearing across Europe, zero pay increase, the game is on...

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Post ID: @juxq+19GSa1g0

https://mobile-reuters-com.cdn.ampproject.org/c/s/mobile.reuters.com/article/amp/idUSKBN2AX0LZ

I would read that article where job cuts are mentioned ...
Good luck for those who are still around!

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Post ID: @5rvb+19GSa1g0

Won't be long coming;
FT 05-Mar: LSE Group shares suffer biggest daily fall in more than 20 years.
'A need to improve the resilience of the legacy Refinitiv tech platform'.

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Post ID: @3xmy+19GSa1g0

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