Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

Outsourcing and Use of Contractors

There has been quite a bit of discussion here about TR's moves to using more outsourcing. However, little has been said about whether TR has been engaging former RIF'd employees as contractors. Has this been happening? Thoughts?

Smoke screen & Outsourcing

Comment below reposted from comments on another post. Spot on The single operating company jargon is all FUD. It's just a smoke screen for additional cost-cutting / outsourcing. TR was already a single operating company and the work to integrate... — read more 

by
| 1706 views | | no replies yet
Post ID: @OP+1cbIAiTf

General question - Moving to 1 operating company

We’ve all heard it on nearly every townhall. My question to you all is how many jobs are going to get axed as they consolidate. We’ve seen it with marketing. But even more can be done. It seems to be happening to sales. Curious what everyone’s... — read more 

Vaccine Mandate

Will TR require a mandate and if you don't get one you're fired? Maybe laid off? Could this be an easy way to let people go without paying severance?

Used TR to my advantage

I was planning to retire at 54 and everything was planned. Last steps were to give notice to TR and leave. Then I figured these folks can’t go 12 months without making people redundant , so I will hang on another 12 months and see what happens. Then... — read more 

Toxic management in Toronto office

What is going on in the Toronto office: mid-year performance check-ins. Managers are looking extra hard for reasons to downgrade staff in mid-year reviews. They pile on too much work and then they watch close for you to miss something so they can... — read more 

Cheap labor

Can cheap labor fix the problems that are accumulating in this company? I'm not sure it can. Even if it works for a while, I don't know what the results of such a strategy will be in the long run. Luckily this is my last week here and I won’t be at... — read more 

The job at TR reduced to waiting in uncertainty

Motivation, zero. I can't work hard when I'm constantly thinking about which side the new cuts will come from. No job has ever been absolutely safe and one should always be prepared, but what is happening now at TR creates so much tension and anxiety... — read more 

Technology Layoffs disclosed to the public?

I cannot find a single article anywhere that defines the layoffs and the moving of most of the Tax & Accounting technology jobs overseas. Seems like this should be disclosed and documented for shareholders, right? Or is this a poorly kept secret?

Companies that value TR employees

I hope no one minds me pointing out his question in a new thread, but I'm also interested: what are some top companies that value TR employees? Some say that this company no longer has the weight on the resume as it used to.

Moving field positions to inside at hubs

Not sure the company got the memo but they announced they will not be back filling all of the field reps and instead on a case by case basis transitioning them to inside roles (at lower pay) at the hubs. Not sure why they have to be at the hubs for... — read more 

Brain Drain

Just had another conversation with one of the best employees in their position telling me they are leaving for greener pastures. I’ve lost count of the number that have left in the last 2-3 months. I was excited for them. It actually wasn’t a... — read more 

TR

Is Thompson Reuter related to or owned by Thompson’s Pizza in Chelsea ?

Too many VPs?

While new people are needed in certain areas, why does TR keep hiring high level people from Amazon, Facebook etc (high salaries/bonus, some with relocation) without eliminating some of the excess positions at that level? It seems the delayering... — read more 

Friend needs advice

Friend of mine works in tax sales at TR. She is doing very well this year but the team could be eliminated end of year. Should she stick it out til the end and maximize comp but risk getting layoff? Or leave sooner?

Next round of layoffs

When will next round of layoffs being announced? End of month? Who will be impacted?

How does TR expect any of its workforce?

After a lot of thinking I have made the decision to leave TR. There is definitely nothing more for me at this company. Let's be realistic, the pay is far from what is offered at similar companies, the benefits have been deteriorating rapidly... — read more 

People are too quick to leave

I know things are bad at TR right now, but I think too many people are having a knee-jerk reaction and leaving without thinking things through. Take it from somebody who made the same mistake at his last company and switched to TR thinking I was... — read more 

A year later...

I don’t know what has changed here in the meantime, but a lot has changed in my life since I left TR. I am now aware that some things I was not even aware of while working at TR. I thought that was normal. This company, however, is best seen from a... — read more 

TR does not determine your worth

You are worth much, much more than the way this place has been treating you. I hope more employees would realize there is life after TR and it can be damn good if you are brave enough to walk away. There are employers who realize you would be an... — read more 

Don’t waste your time

We all know TR is not mommy or daddy but we all expect give and take and make our time worthwhile when we are doing something because we are not day labor . All this comes from place of disappointment from wasting time at a place where you find out... — read more 

Historical view

Around the turn of the century my small company was acquired by Thomson Financial. Later, the Reuters merger occurred; a titanic mistake from which the vast subsequent decline dates. Two mediocre companies do not make one great company. For a time... — read more 

No one trusts you

Enough of the holding company to single operating company fluff. It's clear that you have no strategy but to make cuts, inflate the stock price, divest, and sell. No one trusts you or believe you, Andy. This sums it up really well... — read more 

When is it enough?

Every day this leadership continues proving how incompetent they are. Considering all the mistakes they've made in the past several years, you have to wonder how they still have their jobs. What does it take for the ELT to suffer some consequences... — read more 

I wish I was laid-off

I've been looking to leave for a while (I don't think this is the worst place to work but I do want to move on) but I'm sadly too much of a coward to quit. Being laid-off is exactly the kind of push I need. I wish there was a way to volunteer for... — read more 

How is this normal?

I'm getting so tired of this place and constantly having to navigate all the politics, toxicity and back-stabbing. I have a feeling that anything would be better for my blood pressure than this, even flipping burgers for minimum wage. Is it really... — read more 

Roles beyond TR

My Linked-In feed is full of ex-TR directors or above taking C-level or executive roles at other companies. Many of them were solid with great credentials. Is TR is letting go some of its best people or are they leaving on their own? What is going... — read more 

Take it for what is is worth

TR is a job, nothing more nothing less. It really doesn't matter what you do, how well or poorly you do it or if you work more than 35 or so hours a week. None of that matters, they will discard you if they need you, whether you worked 100 hrs a... — read more 

Want to increase the likelihood of getting laid off?

If you are on the verge of retirement, want a sabbatical or simply just want out, do whatever you can to make it known you would be fine with getting RIF'd. Give them some cr-p about how much you appreciate TR and what they have done for you and... — read more 

Is it Outsourcing when it's to another TR office.

A friend of mine told me about 10 years ago that TR would soon be shipping jobs overseas. He was retired from Dow Chemical Corporate. I argued with him that it would not happen here (Tax & Accounting) our officers are smarter than that. Actual... — read more 

Nobody should be suprised

Everybody here is viewed by management as replaceable. If they can find somebody cheaper to do what you do, they will. This will continue indefinitely. Nobody is safe from this. If job security is what you're looking for, start your own company. If... — read more 

What if we don’t inform them about the new job?

One of the points mentioned when explaining severance was that we should inform them once we find another job so they can stop the severance payout. What happens if we don’t inform them once we find another job? Someone asked this question on... — read more 

Shame!

To lay off people who were about to retire... just awful. Does it seem to you that the cuts are becoming more and more unscrupulous? I’m safe for now but I’m embarrassed when I know what great people are laid off. I will actively look for a new job... — read more 

Start a new thread - post a news comment, question or message:

: