Only worked for TR for a few years and feel totally bemused, let down and baffled by work load distribution, targets and real lack of support from managers. Asking for help is a waste of time. But I do it to cover my back as no one else is. The team... read more
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Topics regarding layoffs at Thomson Reuters
Thomson Reuters is rotting to its core. How do i know it? I worked there for 15 years!. The company is very good at retaining the wrong type of people. Capable ones either leave voluntarily or get laid off. Only the ones that have nowhere to go stick... read more
I was unhappy with some things at TR and planned to leave in November 2018. Then Blackstone happened. I expect severances to last until April 2019, so, I decided to stick it out at least until then. My point is, working at TR is an option. None of us... read more
There always will be small pockets of people leaving the company. It's inevitable that there will be big cuts on the way, Blackstone are here to make money, that should not be a surprise. If you look around, there is still room to make significant... read more
My department spent millions of dollars on hiring consultants from BJSS. what they are doing is making thing more complicated, wasting money, and no productivity or business value at all, and BJSS team pretend to very busy to organizing all kinds of... read more
Just wait till they start their firings in a few months time. As for TR, they sank (and sold) the ship, so they aren't our Savior either. You are on your own. All Blackstone needs to do now is fire MDs, run an IQ test on LT team members (bec. I have... read more
Blackstone signs contract to buy F&R, staff in F&R are no doubt sitting ducks. Expect 25-40% job cuts especially in all high cost centres. Employees (black)"stoned" to the exit door. Rumour is that severance package, service continuity benefits may... read more
The transitions of the past year were designed to set the table for a spin off of F&R in 2018. Currently looks like Blackstone taking 55% ownership. Should be interesting to see how that impacts the Toronto office growth.
Same thing happening again, another 500 in IT affected, Jobs going to Tech Mahindra India. When will people learn that transferring most of IT to a different country does not work! It creates more problems that end up costing significantly more than... read more
Follow the process; follow the process; follow the process. Sounds like the Philadelphia 76r's. Well, it's true here as well. Don't question what is being done - just do it - even if you know its a piece of __it. We'll meet our objectives that way... read more
Woohoo! Show your appreciation - here's how! BUY a helium inflated balloon; GIVE it to someone you appreciate. It'll hang at their desk for everyone else to see! Those desks without any balloons - you're the un-appreciated. Is this kindergarten?
maybe we could move forward if the company simplified its reporting system... decision making is so painfully slow sometimes due to its matrixed structure... the red tape doesn't help one bit... and a lot of times when something goes wrong or... read more
I know profit is important to every company (gotta keep those shareholders happy,) but you can't put it above competent employees. If you are willing to give up your best employees for a quick bump in profits just for that quarter, it'll affect the... read more
Mgmt has started nitpicking everywhere at everything. Looks like we're going to do a last minute layoff just before year end. Everyone is being dinged for the tiniest infraction. Employees are told they need to have a zero percent error rate, an... read more
This is becoming ridiculous. My department isn't able to hit our quota because we're constantly losing good, experienced sales representatives wh--e being replaced by new employees that receive poor training (if any.) Management both lacks knowledge... read more
I am not sure office environment at Thomson Reuters can become more toxic than it already is. Working here has become a nightmare. Managers will use any opportunity to belittle and scream at the employees without any regard for decorum and... read more
I read somewhere that TR is trying to consolidate to 5 main offices so, i guess they're going to keep hitting the little offices until there are no more places to hit. IMHO i dont think we are doing well in any of the arms of TR. profits have turned... read more
Outsourcing to Tech Mahindra has begun in NYC , Bangalore and Eagan . Several hundreds of employees were moved to Tech Mahindra same time last year and it's happening again this year . Developers and QA are being outsourced. This is happening across... read more
How about a bit growth for a change - I do hear that we may have layoffs in NYC.
Checkpoint / trta / knowledgesolutions has not had layoffs yet. We have been augmented with developers in epam though! Tech Mahindra may come knocking soon. Rumor is 500 outsourced to Tech Mahindra in EAGAN, MN. At this point they execs are not even... read more
the business of F & R has remained flat for many years and only way to show growth in profit (EBITA) is to layoff . We hear even Bloomberg has been cutting its Sales force and focusing towards R & D. It's true that TR (F& R -USD 6 Billion)has 2X... read more
Business of F & R has remained flat for many years and only way to show growth in profit (EBITA) is to layoff . We hear even Bloomberg has been cutting its Sales force and focusing towards R & D. It's true that TR (F& R -USD 6 Billion)has 2X manpower... read more
Boeing health benefits are not that great - they used to be much better and people used to brag about it - no more bragging any more as they cut that to the level that's actually pitiful. In Support, the hours get brutal and you don't get much... read more
according to the very insider info, David Craig who has been the president of F&R will leave in Aug 2017. and debra walton (currently chief product officer) will replace him. the business has struggled to grow since last year and most growth is due... read more
Post any updates here
When will things improve, I am still hearing about layoffs in NYC.
Thomson Reuters is in fact going through a "transitional phase" (i.e. layoffs); specifically with IT staff. Positions are being outsourced to a third party company. Existing staff are told that everyone will be offered a job by the third party... read more
Nearly all F&R-related developers in San Francisco have also been let go. Confirmed some dev groups in Bangalore and Bangkok have been cut as well. They're reducing headcount across the board in F&R and Technology, not just in the higher-cost... read more
The layoffs seem to be focused on the engineering side of Financial and Risk. This coming just weeks after all of Eikon's QA team was outsourced to Tech Mahindra... Engineering is just getting gutted. The Eikon platform is going to really suffer for... read more
According to finance team, there will be a massive layoff to be announced in early November during the Q3 earnings report. Some top management have been told to leave the company and there's also a new structure from sales GTM to product management... read more
It is not surprising to see management throw employees under the bus to cover their behinds. Using consulting firms is a popular option. The consulting firm may recommend some sort of outsourcing arrangement, further generating $$$ for themselves... read more
This place is so hectic, every few month there is a reorganization- layoffs, then hires, then layoffs again, bet all those consulting companies are rubbing their hands. Transformational projects my a--, they just try to make investors happy. I’m so... read more
This house needs to start the cleaning from the top. Senior management is so disconnected, so bias and incompetent. Looks like every move they make is against their own employees, not a move for improvement. They definitely need more healthier... read more
What is the likelihood of Thomson Reuters layoffs in New York in 2016? Please let me know if you have any information.
This may be the worst period in our company history, we are under pressure from multiple sides and we may be closing offices and laying poeple off very soon