Thread regarding Thomson Reuters layoffs

Eagan and Carrolton on the chopping block.

Discuss

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Post ID: @OP+1b5wn7My

7 replies (most recent on top)

Add Ann Arbor to that list as well.

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Post ID: @dqpc+1b5wn7My

Hm... I can tell you without a doubt that Eagan and Carrollton will continue to be strategic locations. If however I were in, say, New York, then that’s a different question!

Change we’re going to see in those locations will, in my opinion, be less about those locations per se and more about senior leaders wanting to shape their teams (which just happen to be in those locations) - and that will cascade down the org. We’ve seen in the last 12 months that the new leadership wants ‘their’ people around them - which is probably due to a mix of trust issues, a view that outsiders have better tech perspectives, and a lack of respect for domain expertise. That attitude has been set at the top since March last year, and is now just working its way through the company.

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Post ID: @1bmb+1b5wn7My

Only reason Carrollton is still open is because BPec lives there and he forced his team to relocate there. The office will significantly shrink or even close when he retires. Eagan won’t close it will just be back office.

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Post ID: @uap+1b5wn7My

How this company has been run is about how this pandemic has been run.

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Post ID: @eas+1b5wn7My

Locations have been designated as strategic or non-strategic depending on the department and who is running it. There have been a lot of changes to this designation over the years.

In the short run (12 mo or less), the real questions are whether your leader thinks your location is not strategic and isn't hiring into it, and how that may affect your own work. If you work independently and connect with colleagues virtually, your location may not matter.

In the long run (13 mo or more), the bigger questions are whether the people making the big product decisions and the big operational decisions are the right people, and are they taking this in the right direction? The Head Eng in Toronto, as well as the other tech leaders, have been with the company a long time. Have we seen anything brilliant, innovative, and cutting edge come out (not what the marketing materials say - but the products themselves and how they function? The COO has been in place for a year but look at HSBC, where the same decisions were being made - here's what Reuters says https://www.reuters.com/business/finance/hsbc-says-exit-us-retail-banking-2021-05-27/

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Post ID: @ozt+1b5wn7My

Completely serious question, how can anyone at TR spin these past 2-3 years in a positive way, even folks that are in denial must be realizing that what is going on is absolutely nuts.
My advice to anyone and everyone is, get your resumes updated and depending on your situation either leave on your own, or wait for the severance package. For those waiting for the severance package, be careful, my guess is that it will change again, wouldn't surprise me if it moves to 1 week OR have a cap of 6 months OR both.

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Post ID: @uxu+1b5wn7My

Need more info than just that.

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Post ID: @iqh+1b5wn7My

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