Thread regarding Thomson Reuters layoffs

How was your raise? 6.45% like inflation?

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| 5033 views | | 26 replies (last May 2, 2023) | Reply
Post ID: @OP+1lrWto19

26 replies (most recent on top)

Anyone getting rsu stock grants?

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Post ID: @Zipx+1lrWto19

Less than 3% with exceeded.

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Post ID: @Zszi+1lrWto19

This one isn’t hard to figure out. They made commitments to drive out $600M in cost in order to juice the stock price. People are one of the biggest costs and easiest to cut. However cutting people is costly in severance benefits. So, they actually want people to leave (no severance). Then they can decide not to backfill or backfill offshore. Why would they want to pay increases when they want you to leave? Worse, the increases end up being funded by job cuts. It’s a downward spiral. Unfortunately it’s not unique to TR.

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Post ID: @nfmy+1lrWto19

@cidk+1lrWto19 The T-Family is by far the richest family in Canada. They are 44th in the world.

You deserve better than 0%. I left in 2021 for a new job, and I've now found another one I'm jumping to. So there are opportunities out there and I encourage you to seek them out. I encourage everyone at TR to trust in and take care of themselves.

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Post ID: @cmsi+1lrWto19

0% even after achieving everything that was asked for.

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Post ID: @cidk+1lrWto19

Test: 2.5% 1.15% 2.2%

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Post ID: @8nuf+1lrWto19

@8xqc+1lrWto19
I'm pretty sure those numbers are two point five and one point one five. This website appears to be adding spaces after the decimal point, as if it were a period.

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Post ID: @8sda+1lrWto19

@7krv+1lrWto19 and @8cze+1lrWto19
What country? The only way anyone in US got 5% or 15% for Achieved is if they were already below market.

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Post ID: @8xqc+1lrWto19
  1. 5% for achieved.
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Post ID: @8cze+1lrWto19
  1. 15% for achieved. Just wait, it is coming for you too one day.
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Post ID: @7krv+1lrWto19
  1. 2٪ in US for achieved
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Post ID: @7nfi+1lrWto19

I got 2.5% in the USA. That is insulting in this job market.

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Post ID: @6nxd+1lrWto19

Please remember that merit is different from country to country based on currencies, inflation and different market dynamics… so what you get in US is completely different than UK, Switzerland, India, Mexico… etc. Apples to oranges.

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Post ID: @6dtz+1lrWto19
  1. 24%
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Post ID: @5gqj+1lrWto19

0% - not pulling anyone’s leg. Seriously 0%

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Post ID: @5ejo+1lrWto19

Got 2%. The same I get every year. Boss lied to me saying that was the average. Looks like many got 5%.

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Post ID: @5eal+1lrWto19

Got 2.5%. This sucks especially now that things are so expensive and outside job market is not good.

Good for you to get 5%.

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Post ID: @4ozz+1lrWto19

SH and KR are hardly worth anywhere near their comp either. But hey, the stock was at all time high for like 10 minutes.... Gotta be worth a few million in ELT comp.

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Post ID: @3nrt+1lrWto19

@2vtx+1lrWto19 - I think MAV's full quote was, "We pay competitively in the market for Chief People Officers. According to Wallmine, her total comp package is approx $4.1M, and shockingly, she's the 3rd highest-paid exec at TR. On what planet is she worth that comp package?

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Post ID: @3adp+1lrWto19

"We pay competitively in the market" - MAV

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Post ID: @2vtx+1lrWto19

I heard one raise pool was 3.1% but the salary bands went up 7%. They aren’t even trying to pay market salaries.

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Post ID: @2frh+1lrWto19

Hearing 2% for meets expectations. I'm sure it's all across the spectrum.

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Post ID: @2rvk+1lrWto19

Just under 5%, from what I’m hearing 3-3.5% has been the average for those that met expectations in their review with my department.

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Post ID: @2ygj+1lrWto19
  1. 5% honestly higher than what I was expecting
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Post ID: @1qro+1lrWto19

I got 5. More than I expected.

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Post ID: @1ukw+1lrWto19

Stack ranking = no matter how hard you try, someone with higher visibility than you will always get a bigger raise regardless of what you do or how much you try to help your colleagues.

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Post ID: @1agq+1lrWto19

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