Thomson Reuters Layoffs

Topics regarding layoffs at Thomson Reuters

refinitiv

layoffs witnin refinitiv yesterday. people found out in the AM they wouldn't have jobs today. heard something like 200, mostly in tech. not clear if it was just eagan or globally

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Post ID: @11l7f98e

Layoff season

Is anyone else nervous about the annual layoff time? It seems like the messages from upper management continue to be "rah rah we're so great...empowered and customer focused." They're clueless about how bad morale is so I wouldn't be surprised if... —  read more 

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Post ID: @11iAGxjh

More layoffs at Kennedy (Carswell)

Another team gone, at least a half dozen people. Soon both the 11th and 8th floors will be mostly empty. They're going to shrink this office until we fit in a shoebox.

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Post ID: @110Eu3gN

New head of legal named today

https://finance.yahoo.com/news/thomson-reuters-appoints-tony-kinnear-110000297.html Another shakeup. Tony Kinnear is now head of Legal. There is also investor pressure to replace the current head of Corporates as it is not doing as well as... —  read more 

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Post ID: @10ZBnQIw

Large Corporates reorg- Aug. 2019

Annual reorg time. Large corporates is being dismantled and broken into 4 segments - Strategic, Europe, Large Accounts, Corp Investigative. Marc Mehlman will lead the Strategic group. Wondering how this will impact current sales executives in... —  read more 

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Post ID: @10K83BPw

richmond office layoffs

richmond office challenged with 10-15% head reduction. timeline tbd. they lost their protection when ciso left.

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Post ID: @10JFJTSX

Rochester Job Posting

Indeed had a Rochester posting for Software Engineer. Mistake? Didn't they let them all go? https://www.indeed.com/viewjob?jk=1a9e229f73126625&tk=1digrk2m0hml8802&from=serp&vjs=3

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Post ID: @10AOrl31

Carving up Reuters

Can they carve up Reuters for sale? Sell the financial news to LSE and the multimedia whatever to whoever actually wants to buy it Reporting @Z5Ya8ZF-1nfk

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Post ID: @10sZ9eAL

Perception

What’s the perception of the TR board of directors when they agree to sell 55% of F&R business for $17 billion and the company they sold it to then resells it for $27 billion less than 12 months later ? David Thomson said it was sold to cheap ...but... —  read more 

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Post ID: @10jZE5MY

Layoffs in TR Risk

10% of TR Risk (what’s left after the Refinitiv spinoff) to be laid off end of August

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Post ID: @100LF5LM

A new "Chief Marketing Officer"

So much for flattening the organization and providing opportunities to those who remain. Apparently, no one on staff is "sophisticated" enough to "accelerate our efforts." We had to hire someone from Equifax.

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Post ID: @ZYYU7JA

It's amusing to see help wanted emails

in my department, staffing levels are so stretched that not a day goes by where there aren't emails among different teams saying this is where they need help immediately and the priorities for deadlines. It's just ironic because the company clearly... —  read more 

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Post ID: @ZQpSxMf

TR has a talent retention issue

Let's face it. Those who have marketable skills would have walked out long ago. Those who are left are constantly worried about the next round of cuts, unable to focus on their work and fed up with having to take on the additional load left by those... —  read more 

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Post ID: @Zh3CDpL

New job after 60 is possible

I was laid off at the end of 2018 after 12 years at TR--and at 61 years old, I thought I'd never find another job. Well, it took five months, but I have a new job, so it IS possible. Yes, I did have to compromise on pay (I'm only making a little more... —  read more 

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Post ID: @ZgcyWcT

Time to start learning

People working at TR should really be trying to learn new skills. Improving yourself will make sure you are not stuck in the job market that's over saturated with employees sharing same skill sets, looking to fill same positions. Just saying, the way... —  read more 

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Post ID: @ZgK77oI

Life after TR

I was at TR a long time, and was laid off earlier this year. I enjoyed most of my time at TR, but it got bad towards the end. I was anxious for the future, but quickly found there is a huge market for my skills. Was offered several roles, but... —  read more 

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Post ID: @Zfks78s

Leadership doesn't even care about customers

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 

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Post ID: @ZarBaLT

I stopped caring a long time ago

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 

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Post ID: @Zauj2Ta

This is what our "leaders" think of us

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 

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Post ID: @Z9RgVrP

What's next?!

What is the next trick that JS has in his pockets?

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Post ID: @Z9ivhsr

Nobody wants Reuters

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 

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Post ID: @Z5Ya8ZF

Are you serious?!

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 

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Post ID: @Z2NTUdD

Business resources allocation

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 

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Post ID: @Z0XUj9I

This should not be a site to bash others

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 

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Post ID: @YZ2UiYF

Morale keeps plumeting

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 

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Post ID: @YRZzr3S

Help anyone ?

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 

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Post ID: @YO76NKM

Layoffs in Dallas and Toronto?

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 

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Post ID: @YOA9Qdc

When will management wake up?

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 

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Post ID: @YNilRta

Do you see a future at Thomson Reuters?

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 

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Post ID: @YH2mrI3

What will they do next?

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 

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| 1873 views | |
Post ID: @YGf3wKa

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