Thread regarding Thomson Reuters layoffs

Layoffs in November

Yes, there are usually layoffs in November with this company. Don't we know it. However, they have been going on for nearly a decade now, which begs the question: Why? TR management get paid large salaries and all they can come up with as a growth strategy are annual layoffs and dibbing away at expense accounts etc. A fine long term strategy that has proven to be. The company has lost so much organisational knowledge through layoffs, it's not funny. Then there is the disruption caused by these layoffs and the resulting low morale and low productivity. Outside of these layoffs, where are the long-term growth strategies? If there's a plan apart from layoffs and cost cutting, we would be interested to hear it. When are they going to have a cull of a very top heavy management? When are they going to hire managers who actually have tertiary qualifications in management and business, rather than those who have been promoted through the old boy network. Why the increase in micro managing? A good example of outdated management techniques. So many questions, so few answers.

An on point post from @fau+17gz0lAY.

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| 3222 views | | 4 replies (last November 5, 2020) | Reply
Post ID: @OP+17h9QaGx

4 replies (most recent on top)

They will be starting shortly, good luck all. For those impacted, remember there is life after TR.

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Post ID: @vjqd+17h9QaGx

Surprised if they start firing people before the survey closes

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Post ID: @ttav+17h9QaGx

Did it really begin? Where? And what levels do you reckon will they start with?
My assumption was for them to reduce cost by letting go of real estate rather than staff and make it permanent work from home for employees?

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Post ID: @tsai+17h9QaGx

So it begins...what's the impact?

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Post ID: @sonh+17h9QaGx

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