How likely is that there will be Thomson Reuters Layoffs 2021? Any news or rumors?
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Client managers in corporate laid off today
As certain as the dividend increasing every year.
Even when they had pay freezes the dividend still increased same year.
As sure as the sun comes up every morning, TR will lay people people off, and as someone else has mentioned it will be right he the holiday seasons of Thanksgiving - Christmas.
There's probably around 22,500 staff working for TR at present. The company most likely has a predetermined "ideal" staffing level to be achieved over a number of years, assuming they're not going to sell up and go on to something else. Unfortunately, publishing is now regarded as a "sunset" industry. The big question is what is their goal employee target? 17,000-18,000? I can see greater use being made of outsourcing, though how efficient this is, is questionable.
I'd be surprised if they tackle the issue of dead wood management. Where would they start, when there is so much of it? There is also the high severance payout costs associated with dropping lazy and dead wood management.
Without a doubt there will be layoffs, unless TR closes! A leopard does not change its spots!
You don’t need news or rumors to answer this question. Statistically, there is a very high probability there will be layoffs. Statistically, these are likely to occur around Thanksgiving and before Xmas. This company has only one goal, and that is to make money for its shareholders. I can’t see this changing in the immediate future. I’m not saying I agree with what has been happening for the past decade, just that it is the sad reality with this company.