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
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
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
Refinitiv stuck with Reuters?
Refin is paying $325m a year for news they can't monetize. Surely there's a catch?
Once they get a better picture there will be more layoffs most likely in Q3
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
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
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
Denial is a River in Egypt
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
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
This makes no sense
"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
What is the TRUE unemployment rate?
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
The Model is Changing
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
They don't care what the long-term effect is because they probably won't be around to suffer the consequences
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
Is everybody having trouble finding a new job?
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
TR sells legal and HR media brands, titles and associated events
sold to Key Media. brands include Lexpert, Canadian Lawyer, Law Times, Canadian HR Reporter and Canadian Occupational Safety... — read more
They forget….
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
Massive TR layoffs
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
The problem is that TR never encouraged skill development or training
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
Corporate all hands call...
What are your thoughts on Pee-ott and the corporate all hands call? Did he seem to be hiding the numbers?
Does TR not lay-off new hires (<2 yrs with TR)?
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.
Look, layoffs and re-orgs are an annual thing at TR
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 Thomson Reuters??
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
Hub video Brian Peccarelli on OHI pulse results
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
What’s next on chopping block?
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.
Joining Thomson Reuters in Canada, any advice?
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?
EY in talks to acquire TR Legal Managed Services
https://www.legaltechnology.com/latest-news/ey-in-talks-to-acquire-thomson-reuters-legal-managed-services-what-we-know/
Something is happening today
Word on the street is in Canada, there will be an announcement today. What it is, we still don't know.
Love this exchange
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
Good point
I don’t know anybody who is laid off who thinks that they were lucky. However, if you are north of 60 nobody guarantees you any employment past 65 or 66 so look at this way; you had a nice long career, you worked in a company that used to be great... — read more
There is no future at Thomson Reuters
I think everybody can see by now that nobody can count on anything long term at Thomson Reuters. Management has decided that layoffs are the only way to deal with mounting problems, and since that never solves anything,. we'll be stuck in this circle... — read more
Offered a tech role in Toronto, should I take it?
Got an offer for tech role in Toronto. But this post has me worried - https://www.cnn.com/2018/12/04/media/reuters-layoffs/index.html I have also heard that if your salary is high then you can be laid off. Reading through all the Thomson Reuters... — read more
Not every termination is "30 mins to move out after you are informed."
Not every termination is "30 mins to move out after you are informed." I was in Tax & Accounting in Hoboken and most of the people whose positions were eliminated along with mine in November 2018 were given two weeks notice, minimum. Most were given... — read more
I might be lucky after all
As someone who got laid off in December and is still having problems finding a job (although I have to qualify that by saying I'm north of 60, which could be part of the problem), there are days I disagree with the "lucky" tag. Then I talk to my... — read more
Unused PTO
Not going to ask HR this so thought I’d come here. Planning for my departure in the future and wondering if TR pays for unused PTO when you quit?
Thomson Reuters exit opportunities
As people leave and layoffs happen, where are people going? How are the exit opportunities? I am in my mid 30s and I have been having hard time exiting TR. I am not getting interviews at tech companies. Finding new job has become my full-time job... — read more
Not a good place to work
Even when layoffs are not a constant threat - which, lets face it, is nearly never - the working environment at Thomson Reuters is so toxic that stress and anxiety have become synonyms with being employed here. Bosses treat employees like c-ap, more... — read more
TR laying off 3200
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.
Is this good time to join 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)?
Pension payouts
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?
Survey
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.