Is there a bigger plan in play for the higher ups?

Awhile back when all the best leaders all of sudden had no positions or were forced into retirement there may have been more at play. New leadership brought in from other divisions that know nothing of the well oiled machine TR once was assumed these positions and gradually destroyed the culture, started letting go of the best talent and over burdening the best talent left to seek employment elsewhere.

Know mind you these were the higher salaried employees and the outsourcing began.

What happens to a balance sheet when the high salaried employees are no more and the replacements get hired in for a fraction of what the most talented were earning?

Well it makes a company looked more profitable than they are to shareholders by gutting it from the inside.

Now let’s say certain individuals now in “power” had a 2 year contract for a massive payout if the stock is at a certain price?

Ironically stock price kept going up. While the company is be vetted from the inside out.

Makes one wonder the motives behind a play like this?

Comment! It's anonymous!

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That seems to be the norm get rid of Talent - l am a form believer that what goes around comes around. The ship will sink and so will the decision makers. All of the Federal government accounts have to stay on US soil, l can bet that that is not so.....

Inside source here 😊. This company is going down the drain and their products suck, over priced, outsourcing support, customer service, etc to save every dime they can. Heck, 4 years ago they started taking trash cans out of our cubicles and made central waste stations for trash along the halls. Literally anything they could do to save every little penny at the end of the day. Massive layoffs happened in sales 5-6 years ago, then they started with development (not to mention the new product line of ONVIO has been a sh-t SHOW - no pun intended). Reps are being forced to sell products we don’t even own. We are reselling competitor products because we can’t even develop GOOD new software on our own. That goes to show the LONG play at TR within the small to mid market space is soon doomed. Over 60+% of the sales floor is having a god awful year. Quotas have TRIPLED in the last 3 years while compensation plans have actually GONE DOWN. Management has been in an absolutely panic wondering why reps are leaving left and right. They are putting tenured reps who have won multiple achievers clubs awards and sold more over their career than the bottom 10 reps have in the last few years combined and they are putting those tenure reps on quota warnings. These are basically threats saying “hit your numbers or you’re GONE”. Ya that sounds like a real smart play. Let’s have everyone leave but also threaten the positions of those who decide they have the stomach to stay. The new sales directors and VP that came in for 2021 absolutely crapped all over and continue to smear the stench around the entire organization. Good luck once you get a few more of us to leave and your stuck trying to replace $6 million in quota when you’re already getting absolutely wrecked for the year and it takes you 10 new reps to hire to replace that $6 million in quota and TWELVE million in lost revenue by the time those 10 new reps sell anything close to the tenured reps you let to. Some of the new leadership came from the LEGAL division of TR and have just zero clue about the tax and accounting business or how to run a sales floor. Good luck to everyone who sticks around. It’s a sinking ship and the captain will go down along with it.

Pump stocks and cash out. That's it. That's all it ever was. None of the ELT will be around in five years.

A Roth conversion but not an IRA. Sad sad sad

Thread regarding Thomson Reuters layoffs

Is there a bigger plan in play for the higher ups?

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