Thread regarding Refinitiv layoffs

Any word about layoffs?

I don’t know about other locations but at mine, it has been quiet for some time in terms of layoffs. Almost too quiet. If experience has taught me anything it’s that layoffs come in waves. A period of no layoffs followed by a period of layoffs. I figure something has got to be “cooking”. Any rumors?

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Post ID: @OP+1b6pkLPC

9 replies (most recent on top)

i believe those rumors about closing site can't be true as there is 80 hirings going right now. for sure it will be some cuts but rather nothing above that

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Post ID: @orpr+1b6pkLPC

I may just like to suggest checking Gdynia with Union there , person leading is fearless and will always put up a strong fight for employees and take no BS. He’s an amazing amazing person. You know who you are, and want to say we employees LOVE your passion and energy. Keep up the fight, never let them squash your heroic fighter spirits. We are with you comrade and so much stronger having your voice in Gdynia. Please join up, the more members in union the better we are.

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Post ID: @oiva+1b6pkLPC

Union have confirmed 140 to go in the UK notifications going out this week!

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Post ID: @opzf+1b6pkLPC

St. Louis Tech Teams we’re notified today. Enough said.

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Post ID: @nycx+1b6pkLPC

Gave notice today for entire collections and OMS staff in STL effective 1/31/2022.

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Post ID: @njbw+1b6pkLPC

No layoffs. It will be a new professional approach to performance reviews.
Bottom 10% of performers must go. Clear the underperformers out. They don't deserve to be paid out, do they? The model for this was attempted in Singapore about 1 year ago but that doesn't mean it will not be attempted again on a broader basis. New joiners generally included who have a market based salary package and stand out as a higher expense base but this will only be executed when they have completed the task they were hired for. This has been the model for some time.

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Post ID: @nkmi+1b6pkLPC

What? Who told you that Gdynia is closing when we are still recruiting?

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Post ID: @mofo+1b6pkLPC

Polish site in Gydynia is supposed to close by the end of this year so other sites should be safe for now since they'll have to move the business somewhere (prolly Manila or Bangalore)

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Post ID: @mpeo+1b6pkLPC

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