Thread regarding Thomson Reuters layoffs

That s---s, but the stockholders do own the company, after all

Still we agree on usernames

My department is losing 4 out of 6. Average years here about 25 years. That is a lot of institutional knowledge going out the door for nothing more than stockholder greed.

Consultants believe in the mantra “life will find away.” They worry about the ledger, not the work because they believe the critical work will get done as those remaining fill the gaps. It’s a terrible strategy, make that no strategy, but it’s done this way all the time. By the time the products erode to the point where customer attrition becomes too severe to be ignored, we will be restructured again or sold.

Same here.. paid to move on, glad i am gone..

Here for the whine and cheese

@XJQxkwb-1pwu

Why are you working 12 hour days for a company that doesn’t care about you? I try to put in my 8 hours and then go home.

Oh boy - so glad I got my pay off and moved on.

I think they just want the company to exist for few more years until time to dismantle...

I think the CEO and the top executive wants to enjoy their money and lifestyles so they just do whatever the Thomson family wants.

I saw one of their wife wearing huuuuuge diamonds ring during the president club trip...& these top management make over couple of millions of dollars a year and firing regular workers like they mean nothing.

Couldn’t agree more.

I’ve just been handed a half dozen new products. My boss just seems to picking names out of a hat in reassigning work. One of the products has no documentation and the guy who “trained” me only worked on the product for a month, the previous employee that worked on it was so p-ss-d off by getting fired never shared any info on how the product was maintained. I’m putting in 12 hour days on the regular. Till the wave of job actions hits me.

Meanwhile, tons of employees are WFH with zero accountability. There’s an employee I pass everyday on my way to the coffee machine who watches Netflix at work.

All reflective of a company without a clue. Meaningless “values” and a lack of strategic direction. They are so out of touch they have to have employee surveys because they are not sure where their staff are at, or what they are feeling. Bad survey results are constantly ignored because that might mean the expenditure of money to “alleviate” the problem. A culture of individual competiveness, when collaboration should have been encouraged. And they pay those at the top big bucks to do what - constant cost cutting. Sad and pathetic.

I agree and it's tragic since our products used to be the best and I was proud to work here. Not anymore. It's a sinking ship and those in charge dont even care. The level of indifference is not sustainable.