signed with reuters contract around 16 years ago, i can tell it is way more difficult to let someone Ex-reuters go than thomson reuters itself. sanjeeve chatrath comes just 5 years and already being laid off, a bunch of his underlings, kimberley... — read more 

Hahaha, read the article below. Loanpriced way over libor, and making bets on headcount and infra cost reductions (heard that like 10 times before)... when BS finds they cant make infra reductions the headcount is gonna go bye bye Let us know what... — read more 

I know this isnt new news, but we need to talk about this... What a stupid, meaningless name, and what typical TR press release “based on customer feedback”.. Yeah my a-- it was. Wtf is a Refinitiv anyway? Wtf am i refining based on useless FR... — read more 

Fact: word is from reputable internal sources (HR, finance, senior management, tranformation team), that 10,000 F&R staff will be let go from October 2018 onwards until the rationalisation is complete - expected in 2019

As it turns out, the mass (read mass) layoffs will likely happen post handover as liabilities would be on refinitv books. they may forgo some severance package. The exercise has already been done and all errant / disliked are earmarked. All the dumb... — read more 

I bet on it happening in Sep, rather than Oct. Any guesses anyone?

Tom Glocer and Devin Wenig with their millions of $ were the downfall of this once great company. The systematic replacement of experienced relationships with up start MBA students with zero experience and worse still, zero relationships. We meet... — read more 

many cancellation, layoff, and people was let go in droves and the management in my asian office keep mumbling about homo, g--, les and slavery, human rights, woman right, risky women, do they even know what is going on ? lucky that i am the only... — read more 

Looks like this is endemic in many orgs. Just like Six Sigma days going back 10- 15 years. Here is from Qualcom post https://www.thelayoff.com/t/UJl3rUu qcom creating more PMs than innovators and engineers These days qcom has become good training... — read more 

What exactly do Project Managers and Scrum Masters do anyway ? What do they contribute to the company bottom line ? Looks like these employees warm up their seats all day by sitting on it all day without doing doing anything of value

What do you think will happen? What major moves will Blackstone make? How will that impact us?

Any idea how to estimate severance calculations? UK, Singapore, US, Netherlands, Switzerland etc?

My team have 4 people gone, some are getting promoted. At least 25% cut, Asian office severance package too costly to cut. Watch out info the Hub

You all know that at least 50% could be let go and it would make no difference. The only thing stopping it will be the cost of severance- which are one time expense charges anyway..

Love to see how the all Global Head of accounts recently impacted by cancellation of thousands Eikons, they indeed need a Global Head of Account Cancellation Look like Credit Suisse, UBS, Morgan Stanley is following the lead of BoA

http://jobs.thomsonreuters.com/ShowJob/Id/146182/HR-Manager,-North-Asia/ Posted: 7 Aug 2018 ( Good timing ) Ready to be laid off, they even need a new HR to handle layoff, this must be a holly m---acre

Will the incompetent so-called leadership management be laid off as well ? many director just confirmed leaving package, Thomas So will be laid off soon, he has a special relationship with a female management in Singapore, but the new girl join Ryan... — read more 

Consensus estimate of job cuts in my region is in the order of 25% which was also the approx cuts in 2016. Expect layoffs in Mid Oct - end of Nov, typically all on the same day, usually at the start of day on a Friday or before any (long) weekend (to... — read more 

15% cuts coming in TR. Mckinsey review will decide locations to close and teams to cut. Is there any more info on this? Is this credible information or just rumor gone wild? Fifteen percent seems too high to be true, but I'm not willing to count... — read more 

We cannot control any of this ... but we must not let it control us. Insecurity s---s in the work place and I am tired of worrying. I 'm stealing a quote from somewhere "I'd rather be at the bottom of a mountain I want to climb than at the top of one... — read more 

Refinitiv offers packages that are attractive to employees but you are bound to stay for ?? months with them before fully getting the offer: payment for years of service, advance salaries, continuous tenure, etc. Saying Yes is like still working with... — read more 

Looks like another re-org is happening? Any word on when or where. Or is it the usual Thanksgiving layoffs

Thomson Reuters is rotting to its core. How do i know it? I worked there for 15 years!. The company is very good at retaining the wrong type of people. Capable ones either leave voluntarily or get laid off. Only the ones that have nowhere to go stick... — read more 

There seems to be a lot of bitterness for whatever reason. I worked there too, among some great people, and mostly enjoyed it. I expect there will be job cuts after the close. I doubt they will be anywhere near the scale reported in the posts here... — read more 

The post about too many Global Heads with undefined non-jobs s---ing in overinflated comp packages hits the nail on the head. I worked in th F&R division and before that at Reuters for over ten years. I have been astounded at the number of... — read more 

Only worked for TR for a few years and feel totally bemused, let down and baffled by work load distribution, targets and real lack of support from managers. Asking for help is a waste of time. But I do it to cover my back as no one else is. The team... — read more 

Thomson Reuters is rotting to its core. How do i know it? I worked there for 15 years!. The company is very good at retaining the wrong type of people. Capable ones either leave voluntarily or get laid off. Only the ones that have nowhere to go stick... — read more 

I was unhappy with some things at TR and planned to leave in November 2018. Then Blackstone happened. I expect severances to last until April 2019, so, I decided to stick it out at least until then. My point is, working at TR is an option. None of us... — read more 

There always will be small pockets of people leaving the company. It's inevitable that there will be big cuts on the way, Blackstone are here to make money, that should not be a surprise. If you look around, there is still room to make significant... — read more 

My department spent millions of dollars on hiring consultants from BJSS. what they are doing is making thing more complicated, wasting money, and no productivity or business value at all, and BJSS team pretend to very busy to organizing all kinds of... — read more 

Just wait till they start their firings in a few months time. As for TR, they sank (and sold) the ship, so they aren't our Savior either. You are on your own. All Blackstone needs to do now is fire MDs, run an IQ test on LT team members (bec. I have... — read more 

Blackstone signs contract to buy F&R, staff in F&R are no doubt sitting ducks. Expect 25-40% job cuts especially in all high cost centres. Employees (black)"stoned" to the exit door. Rumour is that severance package, service continuity benefits may... — read more 

The transitions of the past year were designed to set the table for a spin off of F&R in 2018. Currently looks like Blackstone taking 55% ownership. Should be interesting to see how that impacts the Toronto office growth.

Same thing happening again, another 500 in IT affected, Jobs going to Tech Mahindra India. When will people learn that transferring most of IT to a different country does not work! It creates more problems that end up costing significantly more than... — read more 

Follow the process; follow the process; follow the process. Sounds like the Philadelphia 76r's. Well, it's true here as well. Don't question what is being done - just do it - even if you know its a piece of __it. We'll meet our objectives that way... — read more 

Woohoo! Show your appreciation - here's how! BUY a helium inflated balloon; GIVE it to someone you appreciate. It'll hang at their desk for everyone else to see! Those desks without any balloons - you're the un-appreciated. Is this kindergarten?

maybe we could move forward if the company simplified its reporting system... decision making is so painfully slow sometimes due to its matrixed structure... the red tape doesn't help one bit... and a lot of times when something goes wrong or... — read more 

I know profit is important to every company (gotta keep those shareholders happy,) but you can't put it above competent employees. If you are willing to give up your best employees for a quick bump in profits just for that quarter, it'll affect the... — read more 

Mgmt has started nitpicking everywhere at everything. Looks like we're going to do a last minute layoff just before year end. Everyone is being dinged for the tiniest infraction. Employees are told they need to have a zero percent error rate, an... — read more 

This is becoming ridiculous. My department isn't able to hit our quota because we're constantly losing good, experienced sales representatives wh--e being replaced by new employees that receive poor training (if any.) Management both lacks knowledge... — read more