Thread regarding Thomson Reuters layoffs

Small and profitable business: Tradeweb, FXall, REDI, EJV, Pricing partner, Starmine, etc.

In 2019 it will not just about same old boring RIF exercise . It will be looked even more closely and holistically by black stone so that refinitiv business could be sold in pieces and it will eventually up to the acquirer for that business to decide what they want to do with technology asset vs people .

To just name a few : Tradeweb, FXall, REDI, EJV, Pricing partner, Starmine etc... there are so many small and profitable business ( quite famous IP and branding) under Refinitiv umbrella that still kept their original name even after the acquisition. which are all individual companies that had been acquired over the past . most of those technology or capability had been integrated& replicated into existing refinitiv platform. so that legacy product can be spin-off and sold for extra profit.

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Post ID: @OP+VC6sZ4i

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Blackstone will monetize these assets. They have 14 billion reasons to do so and the clock is ticking.

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Post ID: @1jqf+VC6sZ4i

FXAll FX buy side and D3000 sell side are cash cows and could easily be sold off.

Most of the servers are in third party DCs anyway (low latency datacenters).

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Post ID: @wvb+VC6sZ4i

Almost everyone associated with StarMine was laid off in 2016. It's a miracle the models are still calculated regularly and likely only because the head of PAN keeps getting a larger and larger retention bonus on top of his deferred severance package. I imagine there are plenty of otherwise profitable former businesses that are limping along in the same way, living off hopes and prayers of the executives.

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Post ID: @wnx+VC6sZ4i

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