Thread regarding Thomson Reuters layoffs

It's amusing to see help wanted emails

in my department, staffing levels are so stretched that not a day goes by where there aren't emails among different teams saying this is where they need help immediately and the priorities for deadlines. It's just ironic because the company clearly needs to hire people and not lay off the talented staff who got them there. But instead they have current staff posting essentially help wanted ads inside the company just to get things completed on time. And I doubt they are, and the quality is gone. I can't wait to get out of this company and I'm actively interviewing.

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Post ID: @OP+ZQpSxMf

8 replies (most recent on top)

I get “help needed” emails all the time

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Post ID: @8puh+ZQpSxMf

Everytime a leader tells us that "We're being asked to do more with less," it takes all of my professional and self-preserving discipline to say, "And what is your answer to upper management when we don't have any capacity or headcount to give more any longer?"

This company is transitioning from a company of specialists and professionals who know products and corresponding industries very well to an army of generalists bogged down in the minutiae of an inefficient organization. This isn't limited to TR; this is happening across all industries and companies. We get a front-seat to the movement here.

They aren't sharing measurables about this reorganization. If they were sharing measurables, tracking progress, and sharing it with the team - I'd feel a lot more confident. The only thing that they are sharing is "We are becoming more agile!" I don't believe it for a second and I, like many others here, have the facts to prove it.

This is a restructuring to make assets attractive for sale, and they are applying the same philosophies company-wide, even if it's impractical for a given business unit.

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Post ID: @3nom+ZQpSxMf

I agree about the need to invest in order to sell stuff. I think the people in charge are hoping that customers expectations of good product in the past will keep them afloat long enough for whatever they are planning on doing. But I think customers are noticing pretty quickly that they are paying a premium price for a substandard product. It's only a matter of time before people start dumping their subscriptions and going to our competitors if they haven't already. And I don't blame them one bit.

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Post ID: @2ikb+ZQpSxMf

Since modern business managers don't understand, I will explain.

In order to make money, you have to sell stuff.

Firing people and closing locations may cut costs, but it does not increase revenue. Only selling stuff actually generates revenue.

To sell stuff, you have to have good products businesses want plus adequate staff and facilities to attract customers.

This will cost some money. This is called "investing."

If your management is competent, money coming in will be more than the investment and costs going out.

So, bottom line, poor products, no staff, no resources, no bottom line.

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Post ID: @1uuv+ZQpSxMf

“We're asked to do more with less -- ”

Guess something has to give to keep the couple of million a day the main shareholder takes everyday flowing :-)

Dividends seem to increase every year .

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Post ID: @1qhb+ZQpSxMf

I also see a drop in quality. Not surprised. We're asked to do more with less -- again. And morale is so low that no one really cares. I hear colleagues expressing these sentiments all the time.

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Post ID: @wwj+ZQpSxMf

I don’t think that the higher ups really care at all. They think that things will work out on their own.

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Post ID: @glk+ZQpSxMf

I’m seeing the consequences of last year’s layoffs. Knowledge and experience out the door. Updates late to press and a marked drop in quality. Goes to show how out of touch TR management is with what is happening on the floor. You reap what you sow.

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Post ID: @qhb+ZQpSxMf

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