Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

Integration Point

Announced today that the main Charlotte office is closing and practically everyone in Tech, regardless of location, is being let go. Only keeping a dozen or so people. Acquired this company 2 years ago for over $100 million and have driven it... — read more 

Bad Performance Reviews to avoid Severance Packages?

If this is true that TR is already doing or planning to give low performance reviews in order not to have to give Severance packages people must band together and seek legal action and not allow this to happen. The goals set in my section this year... — read more 

How long is the Transformation Program?

All the recent layoffs appear to be part of a transformation program to reduce headcount, footprint, and go digital. Are there any specific targets? How long will this last?

You can count on Steve to lead by example

"At Thomson Reuters, we are committed to fostering a inclusive culture of world-class talent....By celebrating all facets of diversity and continuing to advocate for inclusive societies, I’m proud that we are making a difference for each other, our... — read more 

You'll be okay

Take it from somebody who was laid off about eight months ago, you'll be okay. After the first shock is gone, you'll realize that they did you a favor. It took me less than two months to find a new job, and that was when the job market was much worse... — read more 

Mixed feelings?

I’m worried about layoffs, but on the other hand, it very often seems to me that layoff would bring me relief and that it would be the best thing TR has given me. Sometimes I even wish to get laid off. I don’t know anyone who experienced the... — read more 

Are they even trying to avoid layoffs?

I consider the last year, or even two, to be a waste of time here, and I am sorry that I have made any effort. I'm sorry I ever put 1 percent effort into this company. Why? Because this company does not put even 1 percent of the effort to save jobs... — read more 

BE HERE NOW

Until we say that you don't have to be here. Where are you on the mood elevator today?

Will there be more layoffs or was yesterday it?

What are the chances that we'll see more cuts before the end of the week (mainly, today?) I wish I could relax and believe it's over but this place has pushed my anxiety to a new level in the past few years. The only consolation I have is that the... — read more 

Not getting laid off - prolonging the agony.

Surviving the cycle of layoffs here roughly means prolonging the agony. They usually say that a new job is much easier to find while you already have a job, but there are a lot of those who found a job right after they got cut here much faster than... — read more 

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Post ID: @OP+1bhWPtET

Is there any logic when it comes to cuts?

So far I haven’t noticed that it matters whether someone is a high performer, very engaged or very professional in their job. It doesn't seem to matter at all to TR. So far I know that a lot of great people have been laid off while some of the... — read more 

Dust in the wind

Same old song, just a drop of water In an endless sea All we do crumbles to the ground Though we refuse to see

I can't lose any more people on my team

A year ago we had more than twice as many people in our team as we have now. Some were laid off, some have walked out. Since there was no backfilling, those of us who are still here have basically had to double the work we were doing. Now with talk... — read more 

Severance pay changes?

I recently left TR because I no longer had the patience to stay here for even a day longer while waiting for severance pay. Is it true that they have changed the severance policy in the meantime? What is the latest severance policy? Did they... — read more 

A little bit nostalgic?

I’m looking for a new job and sending out a bunch of applications because it’s getting harder here every day. I am disappointed, but I am a little angry what they turned the company into with poor management. It used to be quite pleasant to work at... — read more 

What advice would you give?

Let me pose a question to those folks that may not be comprehending what an unacceptable work environment TR happens to be. If you had a friend or family member that came to you for career advice, and spelled out the situation within their company... — read more 

Why do people care?

Why do people care so much about how TR will do in the future? Especially those who are easily employable and don't have to worry about their jobs? As far as I'm concerned, this place can crash and (metaphorically) burn. Actually, if that would mean... — read more 

How much did TR downsize in the last year?

People being let go and no new ones being hired. The work just gets dumped on the remaining ones. I think we all can see that the process of downsizing never really stopped. Just how much has THE downsized in terms of the workforce in the last... — read more 

TR on resume

How much did TR on resume help you get a new job? As for me, it didn't help. That name means almost nothing on one's resume anymore. What a pity, because once upon a time a lot of doors were open to you if you worked here. I was very disappointed... — read more 

And Now a Data Breach

Every day we hear "Become customer OBSESSED" "Go above and beyond" "What MORE can we be doing??" and then are told "You get 12 mos. of credit monitoring for yourself and not your dependents. Industry standard. Nothing more." Insult to injury. ... — read more 

Was anybody actually hired?

After I was laid off I tried to apply for other open positions that were available, as I was told I was free to do. Every single time I was completely ignored. No response, no interview, nothing. This makes me wonder if we really are welcome to apply... — read more 

Eagan office closing?

Hearing that the MN location could close. Will all offices shift to Toronto w/ everyone else working remote?

Whats next?

So what is next? People are dropping like flies. Either finding new roles or a new company. Why? Is it the work, the change or something bigger?

Stagnation is not good

Guys - I’ve been working almost 40 years and worked at numerous companies. The more I moved, the more I’ve learned, the more I’ve been paid. Group I was with most people had been their 1st or 2nd job in 20+ years. Stagnation is not good - why you... — read more 

What's keeping you at TR?

I'm interested to know what's keeping the people who are unsatisfied with their jobs at TR? I'll start. The only reason I'm still here is the fact I'm yet to find a new job that would pay if not the same, then at least close to what I'm making now... — read more 

Are high-profile departures being backfilled?

This article was posted in another thread. I haven’t seen that any of the people mentioned there have been backfilled or replaced with other well-known legal domain experts. Have there been any recent high-profile hires or promotions in Legal?... — read more 

Share price is at highest levels

This usually means layoffs, outsourcing and “transformation” are already factored into the price. Location closures, downsizing, bonus below 100%, reduced severance and no promotions are here to stay. Employee morale is taking a hit with this new... — read more 

Product is hiring! (Or not)

Product leadership: we're hiring! Give us referrals please! Product line managers: don't listen. We're still only allowed to backfill, and then only if absolutely necessary to keep the lights on. LinkedIn: 50 of your TR colleagues just announced... — read more 

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Post ID: @OP+1azXRwLo

Severance after new job

I’m seeing on LinkedIn many execs (Directors and above) getting a new job almost immediately after being laid off. Are they still collecting severance? The new policy is unclear.

Which business units have the worst management?

I saw someone ask a question that remained unanswered. I will repeat it because I am also interested in the opinion of other employees how they see different business units regarding which of them has the worst and weakest management? In fact, I... — read more 

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