Any news on specific functions that have been eliminated? Some account managers have until the end of the year. They’ll need to reapply for new roles (likely fewer slots than people). This is starting to feel like (spoiler alert) when Thanos snapped... — read more
Shutting down San Jose office
TR announced today that they are shutting down the San Jose office. If you work in a location that isnt one of the TR hubs expect to be asked to move to the Hub or get a severence.
Why are HR so interested in this site
Why do TR HR care so much about this site? What are they afraid of?
Possible layoffs next week
In the Eagan HR office, there are signs on all the conference rooms reserving them Nov 12-16. Could be next wave Any chance we can get more info on this? Also, is this exclusive to Eagan or have people noticed a similar thing happening elsewhere?... — read more
Where are people going from TR?
Just wondering, since a lot of companies in our field seem to be in similar situation as we are. Where is the holy grail?
"Ex-TR Employees"
Asking myself why an Ex-TR employee, in the middle of a workday would be posting on a layoff site about how great life is outside TR. This is the last place you'd find me if I found a great job and was loving life after TR. Especially in the middle... — read more
FindLaw and SuperLawyers senior leaders were let go today (effective end of year).
These were VP and Senior Director positions in the Eagan Office: VP Technology, VP Operations, VP Audience and Strategy, and managing director of Super Lawyers.
There is life after TR
Just wanted to let people who are in their fifties know there is life after TR. I was laid off roughly six months ago, and as of today I have a new job. I did maybe five interviews in the past month and received two job offers, so I even had the... — read more
+1
As an ex TR employee, I have been through what you are going through. I want to encourage you. It was horrible to get laid off, but now i am glad. TR FR is a sinking ship, full of with mismanagement, in a low growth space. I ended up way better off... — read more
More layoffs in November?
Is it true we are looking at more of the same next month? It'd be nice to get a reprieve at least until the holidays pass, but I know that's probably too much to hope for.
Direct REFINITIV posts there
Given the bulk of the posts actually relate to Refinitiv I think they're getting off lightly as.comments relating to that business are still being posted against Thomson Reuters. In my mind they give most of the grief and escape the comments. Let's... — read more
Carswell/CLB
At least a handful of people laid off today in Toronto, probably more.
Small Law Layoffs
Entire teams of people who I believe worked in account management related roles were let go today. Heard crying in the hallways.
TR Eagan Legal
Reorg continues. As the next layers are revealed, layoffs here and there.
TR partners with the startup Level01 to launch a derivatives exchange platform
The Level01 leaderships stated that the creation of an exchange platform for derivatives is a game-changer in this market, as it will allow the customers to interact directly on the derivatives market, without the need for the involvement of a third... — read more
Job cuts at Reuters News
Starting this week.
Part of Checkpoint moving to Corporate
The large corp position announcement today includes a new position for the proposition lead- direct tax professionals, this position will include transfer pricing as well as Checkpoint. It was hinted in the last tax professionals town hall that... — read more
New GTM Team Hong Kong
We are expecting more people let go in early November after reviewing the business lines across sales and account management staff. My manager just rejected the management KPI sales for the year 2019 and shall be let go by the end of November. KPI... — read more
Mood Elevator
Where is everyone on the "mood elevator" ?
Corporate Politics Getting Worse
Went through this article. Awfully familiar. https://www.linkedin.com/pulse/office-politics-make-best-people-quit-oleg-vishnepolsky
Tax & Accounting in the clear?
I haven't heard of anyone being let go. Are we in the clear? In the Townhall last week it sounded like we are going to be okay. Has anyone heard otherwise?
Is the worst over?
It's got to be, right?
More cuts in early November
More head-cuts early Nov after the GTM structure is fully announced. So many managers will be sent home, especially the middle management . Is this confirmed? Frankly, some cuts in middle management would be actually welcomed, so much dead weight... — read more
More before the end of next week wouldn't surprise me
I wouldn't be surprised by more layoffs before the next week is done. If there is a goal to get rid of as many people as possible before the next year starts, next week is the last they can do to fill whatever quota they have while honoring WARN's... — read more
Unemployment in addition to severance
Somebody told me yesterday that laid off people can also collect unemployment. This sounds a bit too good to be true to me - anybody knows if this is actually a thing? If it is (which I doubt) then getting laid off would be even less of an issue than... — read more
When will it continue?
I'm not naive enough to believe that this calm in layoffs means we are actually done with them. I do wonder if we have any indicators on when we can expect more? I'm hoping we are safe at least until after the holidays, but I wouldn't be surprised if... — read more
Finally the leadership team make good on a promise
DC promised transparency during the difficult times ahead. And indeed, he and his top team have overachieved. They've gone beyond. Not merely transparent, but totally invisible!
TR is set to acquire Integration Point
As the TR company officials stated the two companies have come to an agreement and this acquisition will take place as soon as the regulatory approvals are done. The terms of the purchase have not yet been disclosed. Although it is yet to be seen... — read more
Amazing how many satellite offices
Until reading this site, I never knew how many small offices TR (er r----dative) has/had. Truly amazing and sort of bad when you think about that from a cost model perspective (which leads us to this sad point). What on earth are all these small... — read more
This cost us more than it saved
In my own opinion impact on revenue by closing language desks was underestimated. Eikon looks very poor comparing to BBG (gaps in content, lot of bugs in apps like FIPA, swpr which could not be solved for years) I know customers who were raising >10... — read more
Have they finished London layoffs for now
Does anyone know if it’s over for know?
Anything about Rochester, NY?
Rochester NY site is getting smaller by the month. Great employees are leaving and not being replaced. It's a smaller site than Eagan or Bangalore, but there are lots of incredibly smart people there, not to mention we have (or had?) a great... — read more
Head of MEA
here in Dubai still waiting to unveil the boss of MEA..sure won't be NN..B Stone longing to have new stategies new spirit in top Mgt level..I guess the lay off is done for MENA unless it a just the 1st wave
New week, new layoffs?
Are we looking at more layoffs this week? While I'm a little comforted by the fact that layoffs stopped happening at the end of last week, that doesn't necessarily mean that there will not be more this week. Do we have any info on what we are looking... — read more
Losing qualified support...
As we could see, refinitiv get rid off almost all language desks and many client facing roles. I have a pleasure to work with Geneva, Nicosia and Gdynia russian desk and I can see very big difference comparing to Manila. Most of language desks are... — read more
Missed oportunities to make changes
Surely Blackstone must be looking at the leadership team to make changes. They have had many opportunities to turn TR around and make it more competitive against the likes of Bloomberg, but have made little impact. The response has always been to... — read more
How Reuters, TR and now Refinitiv lost the wheels?
Do you this book? well now they can add the Refinitiv chapter.. TR never cared about their customers. Remember when they launched Eikon and pushed the c-appy product to all they key customers? They spent more than 1 Billion dollars when other small... — read more
More info on Argentina
About Argentina, what I heard is that a lot of people working for 'Reuters Support' will be released next year - they support customers in portuguese and spanish. I am not sure about the numbers, probably 10 or 20.... Looks similar to what is... — read more
Lousy weekend ahead
Being pretty certain that we are nowhere close to the end of these layoffs, for once I'm truly not looking forward to the weekend. Instead of being able to relax and recharge for the next week, all I'll be doing is worrying and stressing over what's... — read more
Slow dissolution of a once great company.
Thoughts go out to those that are losing their jobs. Not a nice situation, but you will bounce back. I worked for Reuters in the early and late 90's in London. I left but stayed in the same business in the City, same field of market data, and watched... — read more