Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

Job tips after a layoff

For those needing some job tips after a layoff, I ran into this today. Frankly, I like the fact that it's not an article but answers from other employees, so it's more relevant, in my opinion. Anyhow, it's a short but good read... — read more 

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| 2792 views | | 4 replies (last December 23, 2018)
Post ID: @OP+WIzKscv

We need change at the top

For me there is no point in flattening an organization for cost savings and efficiencies if the same leaders making the same questionable decisions remain in their roles, and at least the same generous salaries and benefits as before. There are a lot... — read more 

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| 1830 views | | 3 replies (last December 21, 2018)
Post ID: @OP+WH5VDg1

Code of Conduct not expected from our “leaders”

At Kennedy last week we had our year end company meeting. It was the most uncomfortable meeting to sit through with them telling us how great these changes will be while we are watching people lose their jobs and knowing for most of the rest of us... — read more 

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| 2520 views | | 7 replies (last December 20, 2018)
Post ID: @OP+WHTaexK

Chief People Officer on the hub

Read the Q&A with the useless position that is the chief people officer on the hub from Dec. 18. Someone in the comments section had it in them to call out the garbage that is going on. Great post. Then, of course, a corporate crony in the business... — read more 

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| 3170 views | | 13 replies (last February 1, 2019)
Post ID: @OP+WHfYsd3

Beijing

Does anyone have details of the layoffs in Beijing Development? I used to have contact with some of the guys there, and hope they were not too badly impacted.

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| 1114 views | | 2 replies (last December 19, 2018)
Post ID: @OP+WC0gDLj

I hate this

I'm done with Thomson Reuters, I've been trying to find a new job for months now, yet everything I get offered is below my current pay. I wouldn't mind taking a small cut, but not as much as it's being offered. Is it just me or is the situation... — read more 

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| 3540 views | | 13 replies (last January 26, 2019)
Post ID: @OP+WzXQEuG

Diversity Hires!

That's the way to go about hiring, experience be damned!

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| 2680 views | | 10 replies (last December 13, 2018)
Post ID: @OP+WzRbGYW

Voluntary severance

I’m wondering why the org doesn’t offer voluntary severance. Bit less pain getting to the 12%. They’d probably get a lot of takers. What’s the downside? Cost? They’re giving severance to people being laid off, what’s a few more? Extra cost could be... — read more 

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| 2220 views | | 5 replies (last December 8, 2018)
Post ID: @OP+WwmaWJz

Insider sells C$2 million TR stock

Thomson Reuters Corp (TSE:TRI) (NYSE:TRI) insider Brian Louis Scanlon sold 43,797 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of C$47.61, for a total value of C$2,085,175.17.

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| 1740 views | | 4 replies (last December 18, 2018)
Post ID: @OP+WwHIWQ9

Health insurance after being laid off?

Can anybody please tell me what's the situation with health insurance after being laid off? What are the options given? I'm really scared of ending without medical coverage right now due to my current situation, and that's making this whole thing... — read more 

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| 2080 views | | 10 replies (last December 14, 2018)
Post ID: @OP+WvzkYnl

Manager vs. Executive

I am a manager and I can assure you that many of us know any more than non-managers about what is going on. We learn about layoffs with a couple days notice. And we are supposed to justify the decisions and keep our teams motivated. Please don't... — read more 

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| 3220 views | | 8 replies (last December 21, 2018)
Post ID: @OP+WvZcuUG

Salary and bonuses.

TR executives care only about their salary and bonuses. They put on the charade of pretending to care by sending out surveys to measure employee engagement/satisfaction, but they never take action on the results. I've never really understood why they... — read more 

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| 2030 views | | 6 replies (last December 21, 2018)
Post ID: @OP+Wvs1kTb

Who'd have thought

Looks like those who were already laid off by Thomson Reuters are the lucky ones. There hand might have been forced in leaving but all of them are better off either already in their new companies or looking than having stayed here and having to worry... — read more 

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| 2210 views | | 7 replies (last December 7, 2018)
Post ID: @OP+WuvZIbV

TR cuts 75 jobs in Bellevue

I see that people are posting regarding the announced layoffs and which locations will be affected. Came across this article that states that the Bellevue location is going to be hit with reductions and that 75 jobs are being cut. I would appreciate... — read more 

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| 1540 views | | 2 replies (last December 7, 2018)
Post ID: @OP+WuEhn8E

Couldn’t have the leaders just been upfront with us

Not that we all didn’t know or at least feel that something like this was going to happen, but when these kinds of cuts are announced the least they can do is to give the people some inputs on who is going to be affected and a more precise timeline... — read more 

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| 2140 views | | 6 replies (last December 8, 2018)
Post ID: @OP+WuIEltv

Portland office to close 09/2019

90% of the staff in the Portland office were told they would be let go within the next 4 - 10 months. The impacted folks are from the TR Indirect Tax side of the business.

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| 2580 views | | 7 replies (last April 16, 2019)
Post ID: @OP+WuF1pG3

Dallas Business Journal Article Confirms DFW is "Strategic"

“While we can’t share site-specific figures, I can tell you that Dallas is a strategic location for Thomson Reuters and will continue to be in the future,” Laura Rojo-Eddy, a spokeswoman for the company, said in an email.

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| 1100 views | | 3 replies (last December 6, 2018)
Post ID: @OP+WuYipTw

Eagan is safe

Looks like unlike the rest of us at Thomson Reuters, those who are left at Eagan office are safe. At least some people will not have to worry in the following weeks and months if they are on the list as well... — read more 

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| 2420 views | | 5 replies (last December 6, 2018)
Post ID: @OP+WtNO2OF

The same executives

The question I have is why the Board of Directors has left in place the same executives who have been in charge all this time and have achieved less than stellar results. I don't see any reductions in the executive layer. Same CEO. Same CFO. Two new... — read more 

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| 1620 views | | 5 replies (last December 7, 2018)
Post ID: @OP+WtsgBN8

Lack of transparency

I've been at this company for over a decade and it always amazes me that I hear everything by rumor and by reading it in the freaking newspaper. Corporate announcements to worker bees are vague and say nothing. I am disgusted by their lack of... — read more 

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| 1420 views | | 3 replies (last December 6, 2018)
Post ID: @OP+WtdTRnB

Cut at the top first

When will we start cutting the people at the top ? those people who need to take some accountability for where this company is. Too many are more interested in promoting themselves on social media (they know who they are) and hopping around the world... — read more 

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| 1810 views | | 5 replies (last December 5, 2018)
Post ID: @OP+WtsXKsI

Why Good Employee Leave? (Source: David W Richard)

A study came up with the surprising finding: If you're loosing good people, look to their immediate supervisors. More than any other single reason, he is the reason people stay and thrive in organization. And he's the reason why they quit, talking... — read more 

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| 1370 views | | 2 replies (last December 6, 2018)
Post ID: @OP+WtHWGiF

3,200 job cuts by 2020

This nightmare is not gonna end soon. https://www.bloomberg.com/news/articles/2018-12-04/thomson-reuters-confirms-about-3-200-job-cuts-by-2020

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| 4280 views | | 20 replies (last December 5, 2018)
Post ID: @OP+WsT2IxQ

Layoffs continuing today?

From what I'm gathering, this week is going to be bad. The only location that was hit so far yesterday was Eagan, but we can expect more to be hit throughout the week, including today, right? In that case, any ideas on what else is about to be hit?... — read more 

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| 3640 views | | 7 replies (last December 5, 2018)
Post ID: @OP+Ws7btOP

Rick King cashes in

Rick King, mastermind behind this latest dismantling of Thomson Reuters, has sold some/all of his TR stock for 1.7 million Canadian... — read more 

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| 4250 views | | 6 replies (last December 4, 2018)
Post ID: @OP+Wq1QkPq

Where is the CEO?

Where is the CEO in all of this? We hear from the COOs — a video here and a post there— but the CEO has been fairly absent in internal communications over the last few months. Also, it doesn’t feel like there is anyone leading the Legal Business and... — read more 

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| 3280 views | | 6 replies (last December 5, 2018)
Post ID: @OP+WpR0lf4

The board is basically dissolving the enterprise

14 years ago, we were high on the idea that Learning, S&H, Finance and Legal (which included Tax at the time), had massive synergies across the multiple markets, and the combination of these assets would become an immutable force in the knowledge... — read more 

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| 1960 views | | 1 reply (December 2, 2018)
Post ID: @OP+WonRgOk

The Last 30 Days.....

So, this is what the media/government calls a "Booming, Best Ever Economy in America!" Layoffs ONLY IN THE LAST 30 DAYS, and for every layoff reported publicly, at least 10 happen quietly or without media attention. Major layoffs have been going on... — read more 

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| 2630 views | | 7 replies (last December 3, 2018)
Post ID: @OP+Wo81nMN

TR going down the drain.

Even long time successful parts of the TR corporation are in danger of going down the tubes thanks to this terrible handling of this re-org. "New TR" must mean "NO TR". Seems everyone I talk to now in the office has no idea why things are being done... — read more 

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| 3120 views | | 4 replies (last December 1, 2018)
Post ID: @OP+Wn94Oq4

Their sneaky way

I don’t know how others feel but walking into Kennedy office each morning is getting harder and harder. Stressful!! We have no idea who has been let go or even the number of people. I get the feeling they don’t want the public to know. Might look bad... — read more 

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| 1810 views | | 3 replies (last December 13, 2018)
Post ID: @OP+WnMQIhg

Dancing to the beat of the drum

I imagine HR is under a lot of stress and pressure too, and I don't think they're in control of any of the timelines, which are being dictated by senior execs in Eagan and consultants elsewhere. In an ideal world the layoffs would happen all at once... — read more 

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| 1840 views | | 3 replies (last November 30, 2018)
Post ID: @OP+Wne6Vx6

So much this!

I hope @WnuWxRN-esd doesn't mind me reposting this, but this is exactly how I feel. I don’t know how others feel but walking into Kennedy office each morning is getting harder and harder. Stressful!! We have no idea who has been let go or even the... — read more 

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| 1680 views | | 8 replies (last November 30, 2018)
Post ID: @OP+Wnau5t8

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