What was expected, Gdynia helpdesk (russian, german frontline) will be fired. Overall 80 positions are going to be closed, but around 100 positions will be opened instead (customer admin from Geneva etc.)

Any impact to Chicago area?

BS strategy should be clear by now: Cut costs to meet debt covenants Sell best assets Exit in 3-5 yrs, don't discount as little as 2 yrs Selling the individual parts makes more money than the whole. They'll walk away from the flaming wrecked remnants... — read more 

I am surprised none of the media picked up the news from the comments on this website. Are layoffs so common these days?

100+ helpdesk and OMS staff were cut on Tuesday in Sydney Australia, this Lay-off website is not accessible anymore in office.

This is a cost-cutting exercise pure and simple. You can have all the competency matrices in the world, the results will be engineered based upon salary. If you're the bigger earner in your pool then you're gone simple as. If you are a victim of a... — read more 

Following the anouncement made here in Geneva. I would like to highlight a specific situation that we have with our fellow colleagues who are contractors for 5 to 6 years. In a nutshell the customer admin contractors are in a very specific situation... — read more 

Despite 280 being quoted by union so far this week they seem to be picking off low numbers or are the doing it by stealth? More people in the office than usual so could be we are not noticing

Very quiet from those offices. Any news or just waiting for the technology rounds and the outsourcing to take place later?

Layoff finally got blocked in Manila. Trying to control the flow of information (or misinformation i should say).

Can anyone really see us lasting until 31 January?? (Or March / June for some) Most don't want to be there now, the atmosphere has dived, few people really care - which they cant be blamed for. Refinitiv want to be an open company - they should have... — read more 

One of my most favourite reads. And it was once one of my most favourite pieces having seen it on two occasions... — read more 

I think that there is evidence of logic in this round. Entire sites where staff were comparatively expensive are gone or hugely reduced. Some individuals who haven’t done enough to justify large salaries for years are being made redundant. I wish the... — read more 

Now totally blocked from the office. Dead Truth hurts.

One look at the headline theatrics that is now called news is all that's necessary to understand why nobody watches mainstream news anymore, and they sure aren't going to pay to have "Trump trashes Stormy!" nonsense sent to them. People are looking... — read more 

Good source confirmed middle market is next. Bloated leadership, inferior management in “sporadic cost centers” of St Louis and New York and a high cost in Georgia. Centralizing costs and expenses.

Does anyone know if voluntary redundancy is being entertained as an option in the UK? Or should [theoretical employee] have requested it long ago?

No one here thinks all these layoffs will turn the sinking ship around. So that means one of two outcomes. A) your area or product will be sold. Outcome unknown. Or B) layoffs will continue until your product is profitable (a foreign word to some... — read more 

Anybody know which teams, departments, employee grades, etc. are being made redundant in Bangalore? Trying to wrap my head around what the strategy of redundancies in operational centers is?

Why did we lose some of our best workers once again? Is being knowledgeable about your job now a liability at Thomson Reuters?

I came from the Reuters world, and yes it was a purchase, not a merger. We (Reuters) were on the ropes, and darn near bankruptcy. Why do you think the "15% ownership rule" was waived for the Thomson Family. If Reuters was a health company, there is... — read more 

Nobody is posting about layoffs anywhere in the world. Could this mean that we get at least one day to relax? Or is that too much to hope for?

I was made redundant last week, and in a way I felt relieved. It did not hit me, until this week, so many people have reached out, people who I hired and mentored, people I worked with in several global offices, and all of them said "How much they... — read more 

Was this a joke! A workplace that having no answers for himself. Feel like exclusion or a 'being' liabilities for disposal. Somehow the answers keep us occupied are from bbc news and thelayoffs.com. #frustrefinian

I don't know of any official dates (not that I would've been privy to such, anyway), but if anything it would only be the end of "phase one". There are sure to be many more rounds I'm afraid. I can't see any good reason why there wouldn't be even... — read more 

I was made redundant in 2016, after nearly 18years service. In the the three years prior to that my immediate team was reduced by 60% with the work load not changing ( in fact increasing due to platform renewals and MifID 2) Yes phrases like ‘more... — read more 

As this is the New Hub , can I announce ‘World Networking Day’. You need to ‘reach out ‘ and ‘touchbase’ With 5 complete strangers in other business areas. Tell them who you are and let them ask why the F you are calling them like some 9 year old... — read more 

Hi. My name is Emmanuelle and I am a journalist at the Tribune de Genève.I am trying to get more information on what is happening at the Refinitiv geneva site and the current situation there. Testimony can be done anonymously and I do not have to... — read more 

I am an ex-Reuters staff member (25+ years) and I am currently employed by Refinitiv. My role has been confirmed as safe. However, I cannot stop thinking about how what has happened has happened in such a short space of time i.e. 10 years. It... — read more 

https://www.htxt.co.za/2018/10/16/microsoft-is-integrating-financial-data-from-refinitiv-into-excel/

Seems like the new corporate organization foresee the move of support functions (help desk and customer admin) to “cheaper” locations. So not only FTE but also contractors working in those depts - 30% in CustAdmin - will be affected. We will know... — read more 

It seems tech teams are not yet affected in the current layoffs wave. J. Finch said that it will happen in the coming weeks or months, promising to be as quick as possible. If you have any insights or useful information please share.

Is it true that October 31 is when this whole layoffs-palooza will finally come to an end? It will be a nightmare waiting for the next two weeks to pass, but at least there is something to look forward to if this turns out to be true. I'll take two... — read more 

Meeting today, small team, 4 out, 2 remains...

This is some really weird sh-- and not enough articles are shedding light on this, and since this is the honest hub I would like to know your thoughts on this! Market Cap of all of TR is 25B as of last year. F&R contributes 54% of TR revenue, hence... — read more 

We have lost a third of our team and from what I'm seeing we are expected to provide the same output as we did prior to layoffs. How in the world do they expect us to achieve that and still actually go home occasionally? Who is the genius who thought... — read more 

will be fun for the remaining ones...First time I'm thinking you are better off if it hits you, than remaining!

Do we know what happened with the meeting that the TAMS had yesterday in London?