Rumored cuts among mid/senior execs, Proposition Strategy and Product Org in first weeks of January. True?
Topics regarding layoffs at Thomson Reuters
"go back to leaders who are high in exceeds and have them ‘prioritize’ the exceeds and move some to achieved. They may also need to look at ‘achieved’ to ‘partially achieved’. We need to be really diligent with ratings as these will be used in... — read more
I get sick when I see incompetent people progressing here. They assign them to positions where they have nothing to offer. Experience and skills seem to be becoming less and less valued in this company. This is devastating, especially since the... — read more
Can you get your bonus if you finish the year but quit after performance reviews in January? What is the earliest you can quit and still collect your earned bonus?
Who is pulling the strings at TR? Is it new ceo s Hasker? Brian Pecc? Segment & sub segment leaders? Every year, front line workers are laid off but yet the managers remain, regardless of their performance. What value does it bring to TR and... — read more
*This may sound like an over reaction, however my advice to every single TR employee is to update your resume and begin to build your network and make it known you are open to opportunities outside of TR. You may have survived this round and the last... — read more
We're proud to announce that DISCORD 2021 will take place virtually throughout the Thomson Reuters enterprise beginning January 1st. Taking a cue from SYNERGY2020, Thomson Reuters has decided to be here now and host an internal users conference... — read more
Has anyone heard of layoffs or changes in these groups? It seems like changes have been trickling down but many people think a major reorg is in the works.
How is severance in the US handled by new management? It used to be VPs had a year. Everyone else had 2 weeks per year worked. Is this still the case?
It’s been quiet here for a little while. Are they done for the year? There hasn’t been much update on areas hit and numbers. In one of the threads, someone said severance was dependent on people not talking. Don’t think that was the case the last few... — read more
There's probably around 22,500 staff working for TR at present. The company most likely has a predetermined "ideal" staffing level to be achieved over a number of years, assuming they're not going to sell up and go on to something else... — read more
With all the cuts that happened it’s difficult to remain positive and it’s even more disheartening to watch my coworkers that were impacted. Two of these are colleagues that I’ve worked side by side with for years and who I am not afraid to admit... — read more
How likely is that there will be Thomson Reuters Layoffs 2021? Any news or rumors?
*Try to remember that even if you are lucky enough to be safe this year, many will not be. They will have to keep coming in so that they can get a paycheck for as long as they can and severance. When I was laid off, not only was the management and HR... — read more
Who's going to pick up the work of those RIF'd in the latest round? There can't be that many actual workers left on the floor now, and I can't see outsourcing being a solution due to COVID. Also picking that TR will add insult to injury here and get... — read more
Layoffs are ongoing over the next few weeks and we have no idea who will be impacted, how many, what departments or how it has been determined. All of these issues combined will only cause more anxiety, stress and DEFINITELY fear. Leave it to TR to... — read more
I am at a point where I hate this company. I hate it for devastating so many families at a time like this - and don't give me that "this is just business" c-ap. TR just eliminated experienced, hardworking employees who gave years of their life to... — read more
I’ve never been fearful until now. This pandemic has screwed everything up economically. I am somewhat prepared, but I have family and friends who have been laid off in various industries and they are all having a difficult time finding employment... — read more
US people laid off in past years' Q4, did you get paid your AIP bonus as part of the severance agreement?
Yes, there are usually layoffs in November with this company. Don't we know it. However, they have been going on for nearly a decade now, which begs the question: Why? TR management get paid large salaries and all they can come up with as a growth... — read more
Didn’t see this mentioned here yet, but 3 offices closing and reducing footprint at 3XSQ, while in-line with the direction from a few years ago of decreasing real estate footprint, is a bit newsworthy. As far as I can tell, no layoffs... yet. But... — read more
The company seems to be making much lately of suddenly caring for employees' mental health, eg the mental health day next month. Call me very cynical, but it's a pity the company didn't exhibit such a "caring" attitude when it quite happily laid off... — read more
If you give a two weeks notice at TR, do they let you finish out your two weeks or do they terminate immediately and pay you out the last two weeks or not pay the last two weeks at all?
I'd be interested to hear people's thoughts about ageism and people being being RIF'd for what would seem to be poor performance in the latest round of layoffs. Couldn't help but notice that the majority of people laid off in my area were 50+ and... — read more
In cleaning out some files, I came across documentation that my former boss wrote about me just prior to the RIF. Lies. Outright lies, unfounded information. Ha, and this while emphasizing "positive intent." Glad to be away from her. What... — read more
There's more and more panic because they have RIF'd so many of the employees who actually generate product and services that generate income, that it is having an effect. They were looking for a quick fix by cutting costs, ie RIF'ing employees and... — read more
What do you think Brian P. is announcing in this meeting?
May not be many of us left and some have gone to refinitiv. Has anyone experienced getting Pension statement this year which shows wrong salary and therefore wrong predicted pension? Has happened to a number of people and could be important if you... — read more
Got an insider tip that layoffs will not occur. Instead the company will find ways to set up employees to be fired on made up reasons. Watch yourself and start looking asap!
All hands call hosted by Hasker today. He seemed to be shifty. Brian P spoke briefly and acted nervous. Doesn’t seem like the company as a whole is doing well. Hasker said the same Mumbo jumbo about “please our customers” but gave no concrete... — read more
It seems pretty calm, new CEO must be assessing next steps, but the old senior management is getting removed one by one, so how does that bode for the people they chose to be segment leaders. We are at a stand still and there is a calmness in the... — read more
What are the plans for the annual Tax Professionals meet up? Delayed? Cancelled? And what about the fate of the Events staff that plan and administer it?
Nothing about potential layoffs or downsizing, only feel-good stories about the resilience of the company. I expect the purge this November to be as sudden and cold as it was last time.
While other large companies and municipalities doing all they can to assist people and employees such as moratoriums on layoffs, forgiving rent, no evictions for 90 days, taxes extended until July, special pandemic unemployment insurance and federal... — read more
When you look at the segments, Tax, Corp and Legal, which group is in the best position to whether the storm. Tax looks like it's going to be even more brutal than last year with the tax deadline extended, which means that the selling season is... — read more
What are people’s thoughts on COO Brian Pec.? A lot of employees are frustrated with him bc of his lack of leadership during the covid crisis. Management seems to be happy with a “do nothing” approach while the lower level workers suffer drastic... — read more