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
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
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
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
Age discrimination is out of control
Why is majority of those laid off in their late forties or early fifties? It looks like #agediscrimination is out of control here and nobody is really either talking about it or trying to do anything about it. I guess nobody but those directly... — read more
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.
Tax Professionals All-Hands Call
Check the thread for updates - CR is hosting the call.
What’s it mean for customers?
Law Sites blog
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
Diversity Hires!
That's the way to go about hiring, experience be damned!
More this week?
Any more layoffs this week?
Bureau chiefing for Reuters was the best. Was, being the operative word.
I never felt so proud as when I worked for Reuters. First in the Stockholm office then as bureau chief of the Baltics, a tiny cluster of countries -- but with NATO meetings and Russian conflict punching way above its weight. In those days the company... — read more
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
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.
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
When will the announced cuts start?
I know they are expected to last for two years, but when will they start? This year? January? Mid 2019?
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
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
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
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
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
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.
Need to layoff TR's entire LT
worthless sacks of dogdoo, to the pit of misery you go! DILLY DILLY!
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.
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
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
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
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
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
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
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
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
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
Personally I enjoyed my years working for both and enjoyed my job.
I worked for Reuters and then TR for 11 years and the atmosphere of fear and bullying sounds like a different company to the one I worked for. I was based in London office and then spent some time in Europe also working for TR. Personally I enjoyed... — read more
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
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
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
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
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
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