The only thing that matters is saving as much as possible

This is a cost-cutting exercise pure and simple. You can have all the competency matrices in the world, the results will be engineered based upon salary. If you're the bigger earner in your pool then you're gone simple as.

If you are a victim of a "Competency Matrix" wait until it has been completed and you're given a decision. If you are axed you need to understand what is the criteria and how you were marked. Get that information, walk out and go and see a lawyer. If you think it has been unfair/unjust then appeal the decision. In the UK you are legally entitled to appeal the decision.

I think every single victim should appeal regardless (subject the local law).

Bumped this into a thread from @VGa7Grd-sfk, he/she is 100% correct.

Comment! It's anonymous!

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How does a company like TR stay afloat without cheap labour. It would go bankrupt if it had all its jobs onshore -FACT. So stop and consider how it keeps people in jobs.

This post shows why europe is non competitive and why companies that employee people with the lazy european mindset fail.

Proof is in the pudding- there is no growth there.

Yeah go get a lawyer. Whatever

You are right. It is pure cost cutting exercise and everyone is just a number in the organization. They have cut people now, have current managers stabilize the organization. Then they will be cut themselves. I don't think Blackstone needs a huge workforce. Looks like they are going for a reseller model via Microsoft.

Remember that the package in the UK includes £500 + VAT in legal fees.

Even if you are happy with your payout use this money to get it checked out.

Thread regarding Thomson Reuters layoffs

The only thing that matters is saving as much as possible

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