I've heard of more layoffs happening sometime soon. Does anybody know more about it?
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Apparently there are going to be more layoffs on Nov 27/28. This time TR has lost it. Look at them boasting about WL launch and other BS on Linkedin and other social media platforms. Thanking teams on successful launches and stabbing the same team members in the back. TR is a sinking ship, the sooner one gets out, the better it is!
Hearing that professional services in corporate is set to have layoffs
Loads in the UK. Around 40. Lucky them escaping.
Major reorg was just announced in ops... Which means layoff notices will be happening soon.
I wouldn't be surprised. Steve Hasker was very vague on it when asked about layoffs. I heard it is coming though. This is their favorite time of year to get the budget down before end of year. I can't think of a year there was no layoff. Happy Thanksgiving everyone!!!!
Look at LinkedIn and will notice where they are expanding the most...India 🤣
@Axjk+1oz3jdqg
No they aren't. Poland and Mexico are the new "low cost centers" that they are moving jobs to as fast as they can.
@Axjk+1oz3jdqg Closing what business units in Mexico and Poland? I thought Mexico was expanding?
20% reduction in work force happening now. Closing Mexico and Poland.
@vapp+1oz3jdqg all the execs care about is their stock.
Most likely, November 14 & 15 would be the announcement days for folks based on historical data. Such a pathetic company, and then they boast about 'Care' and 'Employee growth' externally, thinking people will buy this cr-p anymore. The problem is at the leadership level, and they keep removing hard-working folks who are just trying to earn a living. Shame on you TR!
@saua+1oz3jdqg They have set us up for us to not be successful with ALL this “TR Channge” !
The most dreaded time of the year, just before US Thanksgiving, they make these announcements. And with how TR is truly performing with its Sales teams not meeting the quota, renewals not looking the best in shape, deteriorating software quality and declining customer NPS, another wave seems imminent.
They have just got rid of at least twenty people in some UK departments so I think HR will be busy. Always just before Xmas thanks darling Reuters
When I reviewed the employee reviews of Thomson Reuters on Glassdoor, there were a lot that talked about them doing regular moderate-scale layoffs. Seems there is some truth to this Remember, save off all your work on a regular basis so you can use it in a job search if needed. Good luck!
Big companies like to lose some headcount before big moves. I know in design we aren’t supposed to backfill any open roles with people in the US. Last time I worked for a company with that policy I was let go a month before the move. They canned the entire US design team in favor of cheaper labor elsewhere. Their big product we were working on never launched due to delays so they got theirs.
Software order processing is on their way out but i haven’t heard anything else.
Layoffs from what department?
It's a Thanksgiving tradition!
Don't know details, but suspect that Hasker is trying to cut down costs as much as possible before he ultimately checks out.