TR says it has already notified all impacted 3200 employees. How much of it is true? Does it mean remaining are safe? If impacted employees have been informed, why wait until 2020 to lay them off? Something doesn't add up.
Topics regarding layoffs at Thomson Reuters
All this lay-off and RIF is worrying. Is this a good time to join Thomson Reuters full time in any role at one of the hubs (Dallas/Toronto/MSP)?
I read that changes have been made that make it easier for companies to offer pension payouts. Do you the TR will go this route?
The Organizational Health Index pulse survey deadline was a month ago. What do you think the chances are we'll hear about the results? They can't be good.
Did anyone attend or hear what happened? We were told it would be comminicated to us.
I saw a doctor today who sympathized with me and the Thomson situation. She has a friend who left a few years ago. She totally understands how miserable it is working there now. So even people on the street as it were know what's going on. The Jig Is... read more
We were told the new "flattened" organization would make things simpler Am I the only one finding it more complicated? My new manager has no time because he has so many people reporting to him. It's impossible to get answers and he has no idea what... read more
My position as Director was eliminated as of 12/31/18 after almost 30 years with TR, back to the WG&L days. Just before I left, to help with a year-end deadline crunch and transition, I reviewed a journal article edited by a lower-level editor with... read more
Toronto and Dallas are hiring across functions in Legal and Corporate yet the same divisions laid off people a few weeks ago. What’s happening? If the new hires were fresh college grads, would have understood why. They are hiring experienced folks... read more
I wish my team was among those who received the VSP option - I'd jump on that opportunity in a flash. I'm hoping more will be offered in the following weeks or even months. Do we have any indications that this might actually happen? That Thomson... read more
Kennedy has been culled. What does it look for Bremner? Amazon is just next door.
Housing/Construction and related industries make up about 20% of Canadian GDP, which is off the chart too high, making for a very unstable economy. Economies should be driven by real industries, not housing bubbles. Canada has already entered a... read more
Another black day at TR. Staff at the printing and distribution centre in Toronto were all told the facility is closing in August 2019. All the work is being moved to Eagan. They also announced the sale of the Cyberbahn and Marque D'or business (the... read more
Voluntary “buyouts” announced for Hoboken and Dallas employees today. They need 5 employees from each location to accept the package. Last day would be May 31st. You get two weeks pay for every year worked paid out on your bi-weekly on the regular... read more
I'm seeing this happening already. Several people on my team with high levels of experience were forced out and they are being replaced by contractors and other contingent work force members. It's so sad. There goes years of experience, training, and... read more
Waves of SOW employees are incoming with the eventual goal of replacing FTEs.
You’d find more of that in a semi-lit coal mine. The company has an agenda which it doesn’t want to share with its workers. Why else would it prevent access to this website from within the TR network? All of the layoffs over the past few months is a... read more
Australia and NZ have been hit end of 2018. Entire divisions sold off and relocated.... That was the first wave, the next wave is coming once they figure out how to lump all Oceana countries under one umbrella. Reposted from @WWIEMKL-Vkcf for info.
The hub chat scheduled for 30 minutes today is laughably inadequate means to educate employees about future earnings Outlook and context. It's been viewed 79.000 times and so far has like 5 questions or comments. People are afraid to ask anything and... read more
Does the Reuters reporter even know what he's doing?? https://www.reuters.com/article/us-thomsonreuters-results-idUSKCN1QF1CB Q4 revenue is up 7% NOT 9%! How the heck did he even arrive at that calculation? Operating profit is down 43% because of... read more
Saw this: https://www.bizjournals.com/southflorida/news/2019/02/21/thomson-reuters-ceo-smith-buys-second-condo-at.html Does this mean that employee bonuses will also be higher this year? Is JS setting up for retirement? Who will be his successor? I... read more
What are the chances we'll be looking at even more layoffs in March? I've heard it mentioned a few times as a possibility.
As an almost 20 year employee who left (voluntarily) several months ago, I saw tremendous change during my tenure there. There was less and less regard or even acknowledgement of the actual work getting done and who was doing it. And more and more... read more
Does anyone know if the rumor of salary freezes is true? Many people promoted into new roles were made offers to switch laterally and fast with the verbal commitment that salary would be negotiated later. Will this even happen if salaries are frozen?
TR has always handled the work force through attrition. In my opinion it's a very fair way to reduce the headcount without layoffs. I was replaced by staff in India and laid off a few years ago. I worked for TR for many years and really have nothing... read more
This site is f---ed up b---s---
Lack of trust develops when the same high level types stay in charge despite poor leadership. Don't need to pay execs to write articles about burgers and earthquakes - really irritating to read that when so many valuable colleagues lost their... read more
Jim S, Neil S, Brian P and Mary V were all on stage doing a Q&A with a Reuters journalist. They did a live texting poll where they asked attendees if they were excited with the direction the company was headed. 80% responded NO and the executives... read more
More org changes in mid March as they move "resources" around even globally. We are actually said that they're considering shifting resources from London to the US and vice versa. And that the costs do not outweigh the benefits. Well as a homeowner... read more
Once before i took a job based on information received during the hiring process just to find that it was completely different deal than I anticipated once I started. I left soon after. Now I'm trying to get a new job and leave Thomson Reuters but... read more
Do you know of anyone who continues to receive severance after being rehired by TR? I recently learned of someone who is saying he is receiving both severance and a paycheck as a rehire. Is this possible?
My position in Hoboken was eliminated 12/31/2018. Severance package is for a year. Does anyone know if I can claim unemployment benefits during or after the severance period? I filed a claim, got a notice of benefit determination with a weekly dollar... read more
One of the things in my severance package was an offer to join the TR Alumni Association.
Leaving or staying, make sure you are honest in the survey tomorrow.
ll is quiet on all fronts - at least in Tax. Sales reps are in Orlando this week at the yearly sales conference. I am convinced, however, that there isn’t a plan to grow the business. All of the restructuring they are doing, in my opinion, is in the... read more
is there any news on restructuring or cuts in Tax and Legal ?
It's extremely annoying that the company is hoping that people will retire or quit because of such low morale. And the only jobs postings out there are for contractors because they're too cheap to want to pay benefits. I find this disgusting. They... read more