They care only about making the most money by outsourcing and laying people off. If they truly cared about customers, they would recognize that institutional knowledge is what the original company was built on and is what retains customers. The whole... read more
Topics regarding layoffs at Thomson Reuters
And I stopped giving it my all. Actually, since I know my days here are already numbered due to my age and years with the company - I'm not even sure how I survived layoffs so far - I've been doing the bare minimum required. And I know I'm not the... read more
In a Hub Q&A with someone I won't name (look it up), an employee asked about the effect of knowledge "being walked out of the building." The response was both stunning and tone deaf. "Our efforts to make our organization simpler...were deliberate. We... read more
What is the next trick that JS has in his pockets?
Truth is neither Refin nor TR really wants Reuters. Costs have been uncontrollable, there's no differentiator in the segment that actually makes money, and the margins are laughable. The problem is, who would want to buy this money-losing pit? Sad... read more
When can we expect them?
I am not sure why employees would think posting negative posts here is helping you to survive through this or next or even next next round. Or I can assume some of you who post here were the ones already being let go and now trying to avenge this... read more
Well the company no longer allocates resources to the business so why should any of the remaining employees invest any more time or energy? Especially since the lack of resources was the result of intentional layoffs and outsourcing. They made their... read more
I've been reading the posts on this site since November 2018 when my position was eliminated after almost 30 years with WG&L and it subsequent incarnations. I don't understand people who use this forum to belittle the concerns of others. Too many... read more
The situation is so bad at TR right now that morale is reaching a new low - something I didn't think was possible. We have top performers just going through the motions, waiting for the moment when they can leave. And you know things are bad when... read more
I read with interest the comments on this board and somebody that worked at TR for 10+ years, which on whole were enjoyable . It seems most just can't wait to get out and move on ?
I'm amused today that a manager in department sent an email around to everyone saying that basically they need help with other projects so if anyone has any time this week, they should volunteer and it would be decided in order of priority. Let me... read more
Working hard at TR no longer gurantees a place in the managements hearts. They wont remember you cause to them, you are just a headcount. Layoff becomes an annual event. Objectives and annual performance review is just a show. If I were you, I would... read more
Are layoffs happening in Dallas and Toronto as we speak? I saw three people were laid off in Dallas two weeks ago from Legal and Corporates. I thought the worst is over until thanksgiving of 2020 - the usual two yearly restructuring. Being in... read more
The Improve quality crazy cycle. Client complains about an issue. Special projects are created to satisfy client and improve technical tool. Multiple projects thrown at workers already overworked. Headcount NEVER increased because they don't have... read more
Refin is paying $325m a year for news they can't monetize. Surely there's a catch?
Management is still sorting out the structure for Corporates and Commercial Excellence. Once they get a better picture there will be more layoffs most likely in Q3. It’s an inexact science but they first want to make sure they get rid of lower level... read more
Newer employees, do you see a future at Thomson Reuters? Do you see yourself building a career here or is this just a stepping stone for something else? I'm asking here because at the office not one of the new people thinks this is a good place for... read more
Seems we entered a calmer time after all the mess that has happened. Can’t see that state staying for too long. In that sense I would like to get some thoughts on what do you think they plan to do next. More layoffs? Outsourcing? Selling off some... read more
I see quite a bit of denial on this thread, as if positing one's head in the sand will fix the problem. When you meet someone with this affliction, you are talking to a weak person who cannot deal with adversity or even change. As if that weren't bad... read more
What I am hoping for is that I get the best of both worlds. I hope they lay me off and I get a severance package and a couple months off with pay. Because I've been at the company a long time. Meanwhile, that gives me time to look for another job... read more
"If someone has been unemployed more than 90m days, they are deemed 'No longer looking.' Where does that leave people who have a one-year/non-compete severance agreement? Asked in another thread, bumped to the top because I'd really like to know the... read more
If it seems like the job market isn't quite as strong as we're told, it's because it isn't. It's a rigged number, purposefully. Long story short, people who don't find work within X amount of time are moved into different categories which assume they... read more
If it seems like the Execs are making short term decisions which will leave the company worse off in the end, it's because they are. But, it's not because they are stupid or don't know what even the new hire knows, it's because they know the current... read more
My thought is all of these employee cuts are tied to short term goals/profits for the current executives. They don't care what the long-term effect is because they probably won't be around to suffer the consequences. They probably get a huge bonus if... read more
I see somebody posted here they were not able to find a new job yet, and I know two more people recently laid off by Thomson Reuters who are still looking. This is starting to worry me - I honestly thought job market was really good right now and... read more
sold to Key Media. brands include Lexpert, Canadian Lawyer, Law Times, Canadian HR Reporter and Canadian Occupational Safety... read more
They forget that all the loyal , skilled employees they treat like dirt and chuck out with the garbage may have influence at next employer and steer them away from TR products and services. Personally this happens to me years ago. I knew the inside... read more
Laid off in December, had to go on unemployment recently because I have still to find the right job. TR as a whole, thinks drastic change is always for the better (not true), and does not value their knowledgeable & loyal employees in the way that... read more
Agree with much of what's been posted here. The problem is that TR never encouraged skill development or training (software development, web or mobile application, Agile methodology, etc.) and kept everything job-specific and in silos. So, when... read more
What are your thoughts on Pee-ott and the corporate all hands call? Did he seem to be hiding the numbers?
I don’t believe they touch new hires. Veterans are usually picked first. No worries, you will be fine. Highlighting from Post ID: @Yu5Q3aW-1iyn I am surprised to learn this.
Take this with a pile of salt, but maybe it'll help. Look, layoffs and re-orgs are an annual thing at TR, as the brass keeps changing its mind about where it wants to go. Right now the company is led by software fetishists who want TR to be a... read more
How worried are you about layoffs at TR? How long have you been with the firm? I joined Dec 2018 and I am s**t scared. It’s also hard to look for another job just after 5 months, hiring managers are judgemental. I selfishly wish TR doesn’t lay-off... read more
He noted a lot of the "gripes" were about greater job role clarity. Legal professionals are the most unhappy sector at TR. Well no kidding. He said the solution is to work on a training program for employees on how to work in the new environment to... read more
With F&R gone, what’s next - Legal and Corprorates which have been growing very slow, similar to F&R, or TA, which is growing at high rate? Even Corporate has overlap between Legal and TA products.
I am joining Thomson Reuters in Canada. Salary is very good for Canadian standards. All the layoff posts are scary and have me worried. Any advice on how to avoid layoffs? Does high salary automatically puts you into layoff bucket?
Word on the street is in Canada, there will be an announcement today. What it is, we still don't know.
On the Hub discussion about improving the employee experience, one employee wrote: "All the work that needed to be done before we restructured still needs to be done." In response, the employee was told: "I have to disagree...we have to be brutal... read more