Thread regarding Thomson Reuters layoffs

Got the package, it could be worse

was laid off. The anticipation was worse than the actual layoff. It’s not the first time for me, but it is the first time it’s been done so humanely. I know a lot of people are frustrated and afraid for the future. I am as well. But if you get severance and are being given three weeks of flexible work time, getting paid while you’re looking for a new gig... trust me, it could be worse, and would be at most companies. And look at it this way, if you find a new job quickly, you end up collecting severence while being paid at a new job. It’ll be okay. My severance is short because I wasn’t here very long, and I wasn’t in a high paying position to begin with . I wish I could stay, because despite what most folks seem to be saying, TR treats it’s employess way better than other companies where I’ve worked in the past. The pay was pretty average, but the benefits and the work/life balance was worth it. I’m sad to go, but the folks here have been pretty supportive and willing to assist me in any way they can to help me find something new, whether within the company or externally, I wish all the folks being let go the best of luck. I know there are quite a few of us trying to wrap our heads around the situation.

Originaly posted by @VyEjp16-2tul

by
| 3577 views | | 5 replies (last ) | Reply
Post ID: @OP+VALUfQ2

5 replies (most recent on top)

My severance is short because I wasn't here very long, and I wasn't in a high paying position to begin with.

Interesting. There goes the notion that they're only sacking long-time, high salary employees and managers. Seems like they're reducing headcount wherever needed, and anyone is vulnerable.

by
| | Reply
Post ID: @1lwk+VALUfQ2

Good post - good luck

by
| | Reply
Post ID: @1bqo+VALUfQ2

Sorry. I meant to add NYC. Position is unimportant as folks on all levels are being hit.

by
| | Reply
Post ID: @sxy+VALUfQ2

It would probably be useful to mention where you are located (at least the country) and what business unit. Whether it’s TR/Refinitive, and how long you’ve been employed for to give some context clues.

Any idea on the calculation? Is it per contract or including any additional incentive package? What NDA/non-competitive contract needed to be signed?

Appreciate the time to comment, just would be more useful to others with some more info. :)

by
| | Reply
Post ID: @wfb+VALUfQ2

Sorry to hear that.

Where are you based and in why role?

by
| | Reply
Post ID: @fcu+VALUfQ2

Post a reply

: