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
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Topics regarding layoffs at Thomson Reuters
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