Thread regarding Thomson Reuters layoffs

Thomson Reuters Legal to be sold in 2020?

My bet is that legal will be sold in 2020. Streamline costs and appear to be more profitable in 2019 and sell in 2020. Someone posted below on another thread and it’s the most logical post I’ve seen on this site.

“Thomson Reuters Legal (TRL) is now being prepared for sale to one of the Big Four accounting firms (perhaps PwC) in the year 2020. That is why Susan Taylor was, without explanation, removed after the sale of controlling interest in F&R to Blackstone was announced, and Brian Peccarelli (a JD and CPA) was brought in to replace Taylor. The sale of TRL will coincide with the conclusion of Rick King's Scale 2020 program, which has been steadily & quietly consolidating technology resources throughout TRL since 2013.

TRL's July 2018 release of Westlaw Edge, little more than a much-hyped hastily cobbled-together skin on top of WestlawNext, is intended to produce the appearance of new sales & organic revenue growth for prospective TRL buyers and analysts and to distract from the fact that growth at TRL has, in fact, been essentially flat post-recession.”

I gotta admit there is a lot of logic to this. @W96rYzS-uhg made sam valid points, so I. reposted his post from another thread

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Post ID: @OP+WddvKMB

8 replies (most recent on top)

Race cars and artwork won't pay for itself!

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Post ID: @3exp+WddvKMB

The next business to be sold by TR is Print. Most probably in 2019.

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Post ID: @2etl+WddvKMB

Location is not related to diversity

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Post ID: @1qys+WddvKMB

Diversity? Are you kidding? So tell me how concentrating all your talent resources in the middle of the country promotes diversity?

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Post ID: @1pch+WddvKMB

Diversity has never been prioritized by the company. The decisions were made for profit on a short term basis.

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Post ID: @1nnj+WddvKMB

Reaching recommended diversity levels requires layoffs and product maintenance and development is secondary. Allowing an outside firm set direction never works out for anyone, in the end, the long time customers of products will go elsewhere, shame.

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Post ID: @1pdt+WddvKMB

How the work is expected to be completed in the absence of staff and management is a question being asked across the legal, corporate and tax groups, which were stretched thin prior to this. Are the products affected no longer seen as assets of the business that should be maintained?

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Post ID: @oeo+WddvKMB

This isn't really new information--they are trying to extract everything out of the conglomerate.

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Post ID: @vip+WddvKMB

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