This has been going for a while and without much publicity.
Just google Tech Mahindra, Tata, Epam, IBM, infosys and TR "strategic partnership"
The way it goes: one of the above firms wins the bid (last news were TM and TATA), then TR does a stealth layoff of the affected teams. That goes w/o much noise. The people are "transferred" to the outsourcing partner with short term contract to train their replacements. It never makes the news.. Last October about 500 folks were "transferred" to Tech Mahindra as wave 2... before that, it was wave 1.. I would imagine that Refinitiv will continue on the same path with more enthusiasm.. But you won't hear the word "layoff" like this time (this is done for junk bond investors). Next time it will be strategic partnership with XYZ firm that will try to outsource remaining jobs to low cost centers
Posted originally by @VBH7tPi-1idz on another thread on TR board. I bet we’ll be seeing more and more of these “strategic partnerships” sooner rather than later.