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
Topics regarding layoffs at Thomson Reuters
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
I missed it and have no idea what was said. No one on my team went. Does anyone know what was discussed?
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.
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
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
richmond office challenged with 10-15% head reduction. timeline tbd. they lost their protection when ciso left.
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
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
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
It says so much that once again I learn about anything affecting my career from non Reuters news sources, days before the executives share it with the minion worker bees... — read more
10% of TR Risk (what’s left after the Refinitiv spinoff) to be laid off end of August
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.
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
Inside account management
The Rochester NY office is holding an open house on Saturday, 6/1. Some big wigs from Eagan, sorry MSP, are also attending. They have a lot of f---ing nerve. They're the reason it's closing. If I wasn't worried about losing my severance I might say... — read more
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
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
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
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
Anyone want to take this course? An introduction to mindfulness at work: How to actually build focus, emotional intelligence and wellbeing. I think I'll pass. — read more
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
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 ? — read more
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