Thread regarding Thomson Reuters layoffs

The suggestion that "upper management has been doing their best to steer this company toward success" is laughable, but I agree that bashing others here does not accomplish much.

But I think people are frustrated and scared. it's natural that some of them lash out.

Still we should keep our insults and childish banter to another forum. This is a place to discuss layoffs, not the inadequacies of those running this company.

You mention “behind anonymous identity”. Why have you also hid behind an anonymous identity? You don’t have the guts to put your name to your post? Maybe you should take off your rose coloured glasses.

said the anonymous poster lol

So which business unit was dragging us down?

This site obviously touches a nerve for some people. You have to wonder who?

Good luck, blogger. You very well may be next.

a--hole

It hasn't been clear to me that upper management is doing its best to steer the company to success. And yes, the stock has been performing well recently but it was flat for a while while the rest of the market was going up. But the bottom line for most employees isn't the stock price...it's the culture they experience everyday. And that culture isn't great. Take note of the fact that the OHI survey results weren't fully disclosed despite all the promises of being transparent. Why?

Don’t feed the troll ....

"using keyboard spreading hate and fear to your ex-colleagues". I don't see hate or fear is being spread here, just people's thoughts and concerns about their employment and the large number of recent layoffs by the company.

"clear that the upper management has been doing their best to steer this company toward success". It's by no means clear what they have been attempting to do. Can you honestly say management have done a good job communicating their intentions and plans for the company's future?

"the stock. It is at $64 now, 10% higher than the highest price in 2007". As 1cvr points out, it "hardly spells robust growth of the stock". You fail to mention other important indicators for the company's health such as flat to low growth, and staff engagement, which, judging by the tepid response from management, suggest a less than desirable level of engagement.

Yes, we are serious. Morale is down due to the way management has handled layoffs and the reorganization. Are you seriously questioning that?

If today’s stock price of $64 is 10% higher than in 2007, then the price back then was $58.18.

According to the Bureau of Labor Statistics consumer price index, today's prices in 2019 are 23.25% higher than average prices throughout 2007. The dollar experienced an average inflation rate of 1.76% per year during this period, meaning the real value of a dollar decreased.

In other words, $58.80 in 2007 is equivalent in purchasing power to about $72.47 in 2019, a difference of $13.67 over 12 years.

That hardly spells robust growth of the stock of they’ve only got it at $64 today. Adjusted for inflation, they’ve done nothing. And stock does not indicate the overall health of an organization, only what the investors and gamblers see in it.

The original post on this thread is interesting. Me think you protest too much! Management or HR?

TR will only be around here a while and will be sold if there will be any buyer.

I'm not sure that you realize exactly how much you said (or didn't say). Your entire message is about stock price and keeping investors happy and management's "hard work." Not a word about the quality of the products or the morale of the employees who do the real work. I guess that it depends on your definition of "success." Your definition is not mine.