Thread regarding Thomson Reuters layoffs

People are too quick to leave

I know things are bad at TR right now, but I think too many people are having a knee-jerk reaction and leaving without thinking things through. Take it from somebody who made the same mistake at his last company and switched to TR thinking I was upgrading - the grass is not always greener. I'm not saying don't leave, I'm just saying make sure to weigh your options before you do and really think about the possible consequences.

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Post ID: @OP+1bOPFfKe

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Depending on your situation, hanging on for the grim reaper to knock on your door could be the ideal strategy. If you want a career, it's important not to be complacent and wait for something to happen, control your future. It is obvious that TR does not care one iota about their people, so for those that truly think TR cares about them, should wake up. The leaders that remain and believe they are doing what is right are delusional and spineless. The leaders I respect are the ones that stand up for themselves and their people, and at TR there don't seem to be many left.

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Post ID: @6qdk+1bOPFfKe

I left and 2 months later my department will be non-existent. I’ve been working for almost 40 years and when I smell layoffs I leave. This has happened to me at least 3 other times where I left a company and layoffs followed/selling of companies. Go with your gut and experienced

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Post ID: @3avk+1bOPFfKe

When they decide to layoff the entire dev team that literally just released a brand new product so they can move it all to Mexico on the cheap you know exactly what the focus is. Anyone still around is just in place to KTLO until they can outsource you.

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Post ID: @2bog+1bOPFfKe

This is not at all a knee-jerk reaction. TR has had many massive rounds of layoffs and outsourcing over the last few years. If you aren't considering leaving you aren't paying attention.

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Post ID: @2nwr+1bOPFfKe

@1web+1bOPFfKe - outstanding point:

"Management is actively driving attrition. But tell me again why we shouldn't leave too quickly."

The system at TR right now encourages resignation and employees electing to terminate their employment.

Looking at who they're cutting, when they're cutting them, how they're being cut, what's being cut and - most specifically - the "Why?" behind the cut - has competent professionals heading for the exits.

This is the second major re-organization in the last 3-4 years, and seemingly with deeper cuts and implications to the remaining workforce.

Do what's best for you and your situation. The grass not be greener on the other side, but if there's grass there, it certainly doesn't hurt to evaluate it and make sure that it's better than the crab-grass, untreated lawn that TR has right now. They've fired the landscapers; next, they're going to sell the irrigation systems for pennies on the dollar (the McKinsey way).

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Post ID: @1imb+1bOPFfKe

Don't leave too fast? Seriously? Bonuses slashed last year for both not meeting company goals (even though we saved over $100M in T&E alone last year) and then cut on top of that for getting a performance rating of "3". When the current rating system was implemented we were told over and over that a "3" was great - no worries. Suddenly last year, without warning, a "3" was justification for a reduced bonus.

Management is actively driving attrition. But tell me again why we shouldn't leave too quickly.

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Post ID: @1web+1bOPFfKe

I left and am glad I did. After years of threats of layoff, inadequate pay and dead ends, leaving was the best option. If TR wants to change things then they should respect their employees more, offer them better opportunities, and increase their pay.

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Post ID: @1hmb+1bOPFfKe

Absolutely not. They aren't leaving fast enough.

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Post ID: @wfs+1bOPFfKe

The grass is Greener than staying at TR !! Yes there are risks on moving, but I think they are worth taking. This place will never recover. it is only going in one way.

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Post ID: @ztm+1bOPFfKe

People should be leaving. TR clearly doesn't want them to stay. No consequences of leaving if you find something you like. Grass may not always be greener, but at least you can leave a pile of sh** behind.

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Post ID: @xsz+1bOPFfKe

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