Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

Refinitiv Updates

This is what I am hearing today: Affected locations with 'some' redundancies (not sure how big: Banagalore, NYC, Hong Kong (not sure about Taipei)... If you have contacts at any of the locations you may want to check if they are OK, as always be... — read more 

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| 8920 views | | 20 replies (last October 23, 2018)
Post ID: @OP+Vz3nige

Wrexham - 300 Cuts

Yeah, right... Local MP (Ian Lucas): I do hope they (TR op auth) carry out their statutory obligations from now on, and I think they will come to regret treating loyal employees in this way... — read more 

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| 1860 views | | 1 reply (October 10, 2018)
Post ID: @OP+VzvQs9A

300 UK in the news

One staff member told us: “Some minor departments like IT are going to other parts of the UK. But the bulk of what we do in Wrexham is ‘likely’ going to Bangalore in India.”... — read more 

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| 1990 views | | 2 replies (last October 10, 2018)
Post ID: @OP+VzSopsX

To see only active posts

Been on this site for days and up until a moment ago I didn’t notice “ACTIVE” button right above the first topic. Can use it to see the most active posts (the threads with most recent replies are bumped to the top of the list)

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| 1020 views | | 2 replies (last October 10, 2018)
Post ID: @OP+Vzx6tHW

Everyone Please post layoffs here

Hey all, have a great morning and wish luck to everyone going through this rough time at TR Lets all please help one another like brothers and sisters Post the number of certain layoffs/site location/department/floor on this thread so we can all rest... — read more 

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| 1860 views | | 2 replies (last October 11, 2018)
Post ID: @OP+Vzc901j

Number of people being laid off

Created this thread so we can track know how many people iz TRI ditching off. Please post the number and location/country that you know of. Could be useful if you post positions too.

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| 5670 views | | 14 replies (last October 14, 2018)
Post ID: @OP+VznoT5Z

Update on UK redundancies

UK REDUNDANCY LATEST Q4 2018 Refinitiv: on Tuesday 9 October the company commenced consultation in the UK over proposed headcount reductions. Consultation will last a minimum of 45-days. After an initial period of collective consultation, individual... — read more 

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| 4560 views | | 7 replies (last October 10, 2018)
Post ID: @OP+VzrbHu6

Diversity!

Oh, diversity. Such a sweet word, a noble concept! However, take a moment to review Finch’s new organizational chart and tell me what you see? All men? All middle-aged? All white? Mini fortunes invested into diversity initiatives seem to offer a... — read more 

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| 4160 views | | 22 replies (last October 11, 2018)
Post ID: @OP+VyO5zJl

Saudi

They are sending someone to Saudi by Thursday , as HR could not secure a visa .....so couple there as well before hitting the Pharos land...

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| 695 views | | no replies yet
Post ID: @OP+VyZCMEe

REDISMISSIV

Done in Lebanon I guess with 7 let go. which office will be Next with REDISMISSIV new born company? yes no news is coming from London..

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| 3260 views | | 14 replies (last October 16, 2018)
Post ID: @OP+VyBGe1C

TR shafted us all right their (Fresh Prince of Bel-Air)

Now this is a story all about how Refinitiv got flipped-turned upside down And I'd like to take a minute Just sit right there I’ll tell you how TR shafted us all right their In Wrexham Town born and raised On the Industrial Estate was where it spent... — read more 

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| 6130 views | | 14 replies (last October 19, 2018)
Post ID: @OP+Vy0R4Bb

TR or Refinitiv

As people report layoffs or share what they are hearing please remember to note if it is related to TR or Refinitiv.

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| 2580 views | | no replies yet
Post ID: @OP+VyXrPhW

It Has Started: DUBAI

The culling has started in Dubai. About 30 people are gone we are bout 2 hours into it.

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| 7120 views | | 23 replies (last October 10, 2018)
Post ID: @OP+Vy88Hli

Outsourcing a large part of technology?

I had a strange feeling today reading the org charts (interim heads) that a large chunk of the technology organisation (e.g. implementation, Delivery...) could be outsourced ... thus leaving the dirty job to Tata or others. That could represent a... — read more 

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| 3840 views | | 9 replies (last October 9, 2018)
Post ID: @OP+Vxt1F9R

Severance

Do we get any severance package and if we do how is it calculated (have to addmit, haven’t paid attention to this until now). I suppose a lot of other people waiting for the axe to fall are wandering the same.Btw, I’m US based.

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| 4060 views | | 10 replies (last October 10, 2018)
Post ID: @OP+VxKCsUm

The importance of knowing your rights

With respect to US employees, if the ax does drop hard, and it appears that many sacked employees are over age 40, those employees over 40 have specific rights under the OWBPA section of the ADEA. If you fall under that category, do a Google search... — read more 

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| 1560 views | | 2 replies (last October 9, 2018)
Post ID: @OP+Vx7ON9e

Locations to be hit?

St Louis will see an impact this week, big hit there! London so I have been reliably informed will be severely hit Tuesday and Wednesday, I don’t have any info on NY as no colleagues have had initial HR chats about staff in that location yet.. and... — read more 

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| 8590 views | | 31 replies (last October 10, 2018)
Post ID: @OP+VxhHiA4

[LET US GO - by: BORED EMPLOYEE]

[LET US GO - by: BORED EMPLOYEE] The rumors float heavy on the net all week Not a hope glimpse to be seen a sh--scare of redundancies and it looks like we're all in heat the mail is howling, and everyone's spitting bile couldn't work sh--, heaven... — read more 

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| 3300 views | | 8 replies (last October 8, 2018)
Post ID: @OP+Vx0laCC

What are we looking at next week?

How bad will the next week be? Looks like many people believe that notifications will go out on the 8th, but I'm not so sure (although I've been wrong about stuff like that before.) In any case, I plan to really take advantage of this weekend... — read more 

Proud to Say

Proud announce my new job as Global Head of Buffoonery and Chicanery AMERS (GHBCA) at Repetitiv. Excited to be part of a larger team of imposters and frauds in which I have a better place to hide. Ecstatic that my paycheck continues to flow for... — read more 

Does David Wenig is first guy who got severance

Its remind me 8 years ago we are celebrating with flagship product tr Eikon there is many clown show up with blackberry chart desktop come with different races of trade guy and girl this fancy ad which open over and over again if you have that link... — read more 

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| 1720 views | | 2 replies (last October 4, 2018)
Post ID: @OP+VtG2Ug6

No chance of getting an age discrimination suit going

The 2016 layoffs was the same way: they looked at an org chart with salary + seniority and started at the top, sometimes cutting the one person who had been with a product for years. I heard the exercise was from HR and not the businesses (so don't... — read more 

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| 1810 views | | 2 replies (last October 4, 2018)
Post ID: @OP+VtdJ5Ct

A guess at number of layoffs until 2021

When TR let 2000 headcount go in the last redundancies in Nov 2016, they took a $212 million severance charge - this can be found in the 4th quarter results. Therefore taking the $500 million one of charge being forecast over the 3 years to 2021, we... — read more 

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| 2914 views | | 3 replies (last October 6, 2018)
Post ID: @OP+VtDweQ3

Top post- business lesson 101 (from 5k thread)

The last poster just said “But TR is about making money and maintaining the couple of million dollars a day we pay to the Thomson family in dividends that have risen nicely over the years.” Are you serious dude? What on earth do you think the company... — read more 

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