Thread regarding Thomson Reuters layoffs

What is with the hiring frenzy?

I am watching with amusement the list of 15-30 new jobs that are supposedly being opened at TR every day and am wondering what is going on with this company as a prospective new hire. I have been stalking this forum the past few weeks after I interviewed for a role that apparently has not resulted in an offer of employment. Are they firing everyone and starting over, or just experiencing an unprecedented growth spurt? I have heard so much conflicting information it is hard to determine what is happening and whether it is or is not a progressive place to work. It seems to depend on the department.

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Post ID: @OP+1g5pnkP9

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TR pay is below market. Yearly bonuses were recently paid out. So the rumor is that people are leaving for other companies now that they got their bonus.

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Post ID: @omk+1g5pnkP9

It absolutely depends on department. There are parts of TR that are thriving, with ample budgets and lots of success. There are also parts where people are axed on the regular and may end up being sold before the end of the year. One of TR's biggest issues is trying to make all its many moving pieces work together. TR is dozens of different and sometimes contradictory companies squished into one. Until TR figures out what the he-l it actually wants to do, you can expect it to keep lurching around.

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Post ID: @wnv+1g5pnkP9

As much as I have keeping an eye on the openings this is not unique to TR. There are plenty of organizations that have tons of openings but are just not hiring.

It’s a systematic issue. Pay is low so why jump to another place if the pay is the same or worse.

That’s a tough call for most. I have interviews at about 8 different places in the last 6 months and put out probably 100 applications. This is not unique to me either. Lots of stories in social media, news, and friends experiencing the same thing.

Some places are actually good at hiring. I grabbed another job in about 2 weeks from application to offer. Others take months which in todays world is stupid.

There are about 2 jobs open for every worker in the US right now.

Greed is the motivation for these companies. And while I have more than one job myself, I guess greed is motivation for me too as I have bills to pay in an inflationary economy where my salary today is worth less than when I started about a decade ago.

So why are there so many openings. They and the rest of the companies have a hiring problem. Pay too little and hire too slow.

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Post ID: @pwm+1g5pnkP9

Truth

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Post ID: @lqp+1g5pnkP9

They spent over $200 million in severance last year and moving jobs to 3rd world countries. Similar amount to be spent this year on round two. Maybe those jobs are in the US. Maybe they aren't. In any case, they wouldn't have gotten rid of so many last year if they weren't going to hire cheaper people.

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Post ID: @uad+1g5pnkP9

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