Seems we entered a calmer time after all the mess that has happened. Can’t see that state staying for too long. In that sense I would like to get some thoughts on what do you think they plan to do next. More layoffs? Outsourcing? Selling off some parts of the company?
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theyre going to bring the content in house and focus being an authority on that. they already screwed up once by accidentally losing ownership of a chunk of data in the refinitiv split.
once theyve gotten their data authority established i assume theyll start selling the apps that use it.
look around. new openings are either being held for contractors or green card applicants rather than current employees while others are getting blocked from trying to move out of their position post-alignment
meanwhile there are teams whos leadership haven't even bothered completing goals this year. not hard to figure out whats going on here.
The rumor is that the largest shareholders are estate planning, turning market exposure to cash. Execution includes continued carve-outs for debt + equity reduction and extraordinary dividends. RIFs shine up the income statement and revenue per employee. Don't look for loyalty FROM large companies. Focus on your future. Best way to do that is to do great work, networking (outside), and keep eyes and ears open.
I think it is a good assumption to say that layoffs will be a regular feature at TR for the foreseeable future. Their stated goal is to get down to 23,800 employees by 2020 and I can see them after that is achieved aiming to get the number down to 18,000-20,000 . A lot of workers such as myself are getting very close to or are already of retirement age. I can also see them offering more “voluntary severance packages” and sweetening it to a years severance pay.
Management is still sorting out the structure for Corporates and Commercial Excellence. Once they get a better picture there will be more layoffs most likely in Q3. It’s an inexact science but they first want to make sure they get rid of lower level managers, then the people whose work they plan to outsource (Dev and Tech anyone?), and finally the ones they deem redundant after further examination. They’ve done the first two so keep an eye out for the last one. I know, everyone is viewed as redundant but you see what I’m trying to say.
I hope the company care about the employees, but I guess that is just a stupid wish.
I assume everything you mentioned is coming.