Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

A decent job - nothing more nothing less

Unfortunately there is no career potential anymore at TR, it is more hang on, enjoy a good quality of life, until they RIF you. It is no more than a 35 hour a week job, decent pay, good benefits, totally appropriate for people who that... — read more 

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| 1870 views | | 3 replies (last January 27, 2021)
Post ID: @OP+196hdFOe

Cutting muscle and bone

A customer wants to know the price before purchasing. Seems reasonable. But the information is missing on customer- and sales-facing systems, and anyone who last year would have known the answer has either been reassigned or fired without... — read more 

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| 1912 views | | 3 replies (last January 26, 2021)
Post ID: @OP+195I7ZnV

Layoffs Jan 2021?

Rumored cuts among mid/senior execs, Proposition Strategy and Product Org in first weeks of January. True?

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| 4470 views | | 7 replies (last February 16, 2021)
Post ID: @OP+18OcUfY5

Scary message from HR at TR

"go back to leaders who are high in exceeds and have them ‘prioritize’ the exceeds and move some to achieved. They may also need to look at ‘achieved’ to ‘partially achieved’. We need to be really diligent with ratings as these will be used in... — read more 

The rule of mediocrity

I get sick when I see incompetent people progressing here. They assign them to positions where they have nothing to offer. Experience and skills seem to be becoming less and less valued in this company. This is devastating, especially since the... — read more 

Early Bonus Payout?

Can you get your bonus if you finish the year but quit after performance reviews in January? What is the earliest you can quit and still collect your earned bonus?

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| 2320 views | | 2 replies (last December 20, 2020)
Post ID: @OP+18u0v2nW

Why are managers protected?

Who is pulling the strings at TR? Is it new ceo s Hasker? Brian Pecc? Segment & sub segment leaders? Every year, front line workers are laid off but yet the managers remain, regardless of their performance. What value does it bring to TR and... — read more 

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| 3190 views | | 8 replies (last December 24, 2020)
Post ID: @OP+18tILxQd

Are you already looking for something new?

*This may sound like an over reaction, however my advice to every single TR employee is to update your resume and begin to build your network and make it known you are open to opportunities outside of TR. You may have survived this round and the last... — read more 

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| 2940 views | | 8 replies (last January 6, 2021)
Post ID: @OP+18saCapJ

Announcing DISCORD 2021

We're proud to announce that DISCORD 2021 will take place virtually throughout the Thomson Reuters enterprise beginning January 1st. Taking a cue from SYNERGY2020, Thomson Reuters has decided to be here now and host an internal users conference... — read more 

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| 3200 views | | 6 replies (last April 15, 2021)
Post ID: @OP+18sPzsBT

Severance Packages

How is severance in the US handled by new management? It used to be VPs had a year. Everyone else had 2 weeks per year worked. Is this still the case?

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| 5670 views | | 9 replies (last December 15, 2020)
Post ID: @OP+18lsjrGC

All done for the year?

It’s been quiet here for a little while. Are they done for the year? There hasn’t been much update on areas hit and numbers. In one of the threads, someone said severance was dependent on people not talking. Don’t think that was the case the last few... — read more 

Expect more layoffs, and not among management

There's probably around 22,500 staff working for TR at present. The company most likely has a predetermined "ideal" staffing level to be achieved over a number of years, assuming they're not going to sell up and go on to something else... — read more 

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| 3720 views | | 6 replies (last December 1, 2020)
Post ID: @OP+1851dLtj

Hard to be positive

With all the cuts that happened it’s difficult to remain positive and it’s even more disheartening to watch my coworkers that were impacted. Two of these are colleagues that I’ve worked side by side with for years and who I am not afraid to admit... — read more 

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| 2800 views | | 5 replies (last December 8, 2020)
Post ID: @OP+185COMD8

Inexplicably awful behavior of former colleagues

*Try to remember that even if you are lucky enough to be safe this year, many will not be. They will have to keep coming in so that they can get a paycheck for as long as they can and severance. When I was laid off, not only was the management and HR... — read more 

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| 3230 views | | 4 replies (last November 17, 2020)
Post ID: @OP+17YY2gYw

Wondering ...

Who's going to pick up the work of those RIF'd in the latest round? There can't be that many actual workers left on the floor now, and I can't see outsourcing being a solution due to COVID. Also picking that TR will add insult to injury here and get... — read more 

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| 2790 views | | 3 replies (last November 15, 2020)
Post ID: @OP+17Uj2bAn

Why are we being made to suffer?

Layoffs are ongoing over the next few weeks and we have no idea who will be impacted, how many, what departments or how it has been determined. All of these issues combined will only cause more anxiety, stress and DEFINITELY fear. Leave it to TR to... — read more 

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| 3260 views | | 8 replies (last November 15, 2020)
Post ID: @OP+17THSzk7

Shame on this place

I am at a point where I hate this company. I hate it for devastating so many families at a time like this - and don't give me that "this is just business" c-ap. TR just eliminated experienced, hardworking employees who gave years of their life to... — read more 

Scared to death

I’ve never been fearful until now. This pandemic has screwed everything up economically. I am somewhat prepared, but I have family and friends who have been laid off in various industries and they are all having a difficult time finding employment... — read more 

Bonus when laid off?

US people laid off in past years' Q4, did you get paid your AIP bonus as part of the severance agreement?

Layoffs in November

Yes, there are usually layoffs in November with this company. Don't we know it. However, they have been going on for nearly a decade now, which begs the question: Why? TR management get paid large salaries and all they can come up with as a growth... — read more 

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| 3220 views | | 4 replies (last November 5, 2020)
Post ID: @OP+17h9QaGx

Stamford, Boston, Hoboken offices closing

Didn’t see this mentioned here yet, but 3 offices closing and reducing footprint at 3XSQ, while in-line with the direction from a few years ago of decreasing real estate footprint, is a bit newsworthy. As far as I can tell, no layoffs... yet. But... — read more 

How ironic!

The company seems to be making much lately of suddenly caring for employees' mental health, eg the mental health day next month. Call me very cynical, but it's a pity the company didn't exhibit such a "caring" attitude when it quite happily laid off... — read more 

Two weeks notice?

If you give a two weeks notice at TR, do they let you finish out your two weeks or do they terminate immediately and pay you out the last two weeks or not pay the last two weeks at all?

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| 2500 views | | 6 replies (last November 26, 2020)
Post ID: @OP+16VJ1Xea

Thoughts or observations?

I'd be interested to hear people's thoughts about ageism and people being being RIF'd for what would seem to be poor performance in the latest round of layoffs. Couldn't help but notice that the majority of people laid off in my area were 50+ and... — read more 

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| 2740 views | | 8 replies (last November 2, 2020)
Post ID: @OP+16RPbDPw

Oh, how she lied and got away with it.

In cleaning out some files, I came across documentation that my former boss wrote about me just prior to the RIF. Lies. Outright lies, unfounded information. Ha, and this while emphasizing "positive intent." Glad to be away from her. What... — read more 

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| 2620 views | | 6 replies (last November 10, 2020)
Post ID: @OP+16Q8CFTj

Reuters Pension Fund Members uk orginal scheme

May not be many of us left and some have gone to refinitiv. Has anyone experienced getting Pension statement this year which shows wrong salary and therefore wrong predicted pension? Has happened to a number of people and could be important if you... — read more 

Firings are coming not layoffs

Got an insider tip that layoffs will not occur. Instead the company will find ways to set up employees to be fired on made up reasons. Watch yourself and start looking asap!

Hasker all hands call July 9

All hands call hosted by Hasker today. He seemed to be shifty. Brian P spoke briefly and acted nervous. Doesn’t seem like the company as a whole is doing well. Hasker said the same Mumbo jumbo about “please our customers” but gave no concrete... — read more 

Calm before the storm

It seems pretty calm, new CEO must be assessing next steps, but the old senior management is getting removed one by one, so how does that bode for the people they chose to be segment leaders. We are at a stand still and there is a calmness in the... — read more 

Synergy 2020?

What are the plans for the annual Tax Professionals meet up? Delayed? Cancelled? And what about the fate of the Events staff that plan and administer it?

Town Hall meeting 4/23/20

Nothing about potential layoffs or downsizing, only feel-good stories about the resilience of the company. I expect the purge this November to be as sudden and cold as it was last time.

Nothing from TR, Refinitiv or Blackstone regarding assistance for those RIF’d during pandemic

While other large companies and municipalities doing all they can to assist people and employees such as moratoriums on layoffs, forgiving rent, no evictions for 90 days, taxes extended until July, special pandemic unemployment insurance and federal... — read more 

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| 2094 views | | no replies yet (last April 16, 2020)
Post ID: @OP+14vBDaab

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