Meeting today, small team, 4 out, 2 remains...

This is some really weird sh-- and not enough articles are shedding light on this, and since this is the honest hub I would like to know your thoughts on this! Market Cap of all of TR is 25B as of last year. F&R contributes 54% of TR revenue, hence... — read more 

We have lost a third of our team and from what I'm seeing we are expected to provide the same output as we did prior to layoffs. How in the world do they expect us to achieve that and still actually go home occasionally? Who is the genius who thought... — read more 

will be fun for the remaining ones...First time I'm thinking you are better off if it hits you, than remaining!

Do we know what happened with the meeting that the TAMS had yesterday in London?

Could be as early as next month for around $3B! Heard it from senior FXall managers who are helping with the sale. BS is not wasting time selling valuable assets then whatever left from Refinitiv. It’s clear that this is not a long term play but... — read more 

Bcp underway. Assuming is HD and OMS getting the chop

Any thoughts on TR layoffs (not refinitiv)? Any insight into the longer term plans? Are they setting up to make it easy to sell the remaining parts (Legal, Corp, Tax) and get back to where it all started in news?

We outsourced it to this place? Another management stroke of genius! So excited! Remember to pledge before you go!! #BeSociopathic #FasterThanTheSpeedOfLayoffs Question. As Hub is quieter than an Eikon sales hotline, should I post here about how I... — read more 

While we get news of the bloodbath everywhere in the world, some people have apparently the time to block access to that page if you are trying to connect with an Refinitv or TR IP address. Use an Incognito or a VPN. Nice move btw...

Customer admin and Helpdesk hit

How many more days/weeks/months of this do we have to look forward to?

ELT still in hiding. Over the top boys! We've secured our own futures and will gleefully watch yours be cut down from the quilted comfort of our executive armchairs. When the gunfire subsides, the bodies counted and the hundreds of families ruined... — read more 

Out of curiosity, does somebody from Europe mind telling us what kind of severance packages are being offered to people laid off there? I've heard we don't even come close to what people overseas receive, but I'm having trouble believing that the... — read more 

I was just informed that Cyprus office will be closed March 2019. Also Gdynia and Geneva helpdesk is gone... any news for sales?

20 of help desk staff were made redundant till March 2019.

Are we expecting any cuts here today? I see Australia has already been hit and Europe is currently going through some RIFs, but does anybody know what we are looking at once we get to the office? I'm starting to feel like this will never end, every... — read more 

5% - representing 1,100 headcount to relief. Wrexham, UK and USA still far away from the figure needed. Moreover, for god sake LT will deliver at least 15% addition than forecasted (perhaps seek 20% to keep them away from chopping board). Collective... — read more 

approx a dozen gone today. Some insensitive actions towards a couple. No moral intelligence shown. I can't see how the newco will be better. I wish those affected all the best. In a way they are better off being out of all of this.

What are people in US legal hearing? Seems like we're heading towards layoffs as well but no one seems to know anything, which is causing even more uncertainty and anxiety.

https://www.thelayoff.com/refinitiv So stop posting about it here.

A colleague of mine who pledged the following: “I’ll work harder, the startup way!” and was all over the celebrations and all excited... just found out today that he was let go! Who’s the mo--n who thought it was a good idea to manipulate these poor... — read more 

In the 2000s, TR execs decided to start acquiring small successful companies and integrate these companies into their existing products. These execs had no actual plan on how to do so. They started buying more and more companies hoping that one of... — read more 

While the media and corporations inundate the public with "Greatest Economy EVER!!" stories, the reality is quite the opposite. Layoffs are rampant, but purposefully, intentionally hidden and covered up with a myriad of tactics. Everything from... — read more 

Thinking about someone who posted earlier here saying they wished their partner gets the boot now as the packages later will be less. They will always pay the obsolute legal minimum (as they can't take any risk) everywhere. If you manage to get more... — read more 

This has been going for a while and without much publicity. Just google Tech Mahindra, Tata, Epam, IBM, infosys and TR "strategic partnership" The way it goes: one of the above firms wins the bid (last news were TM and TATA), then TR does a stealth... — read more 

Manager here too, no view of this. All agreed much further up. I know Blackstone have been reviewing the different parts of the business in huge detail since March-April-May as I know people who presented to them. I take a different view from most... — read more 

Hey LT guys - if you're serious about cost cutting, and cost cutting is necessary, take salary cuts yourselves to contribute to the bottom line. Do any of you have the guts to raise your hand and say, "Refinitiv can operate more efficiently by... — read more 

Any realistic ideas?

In 2019 it will not just about same old boring RIF exercise . It will be looked even more closely and holistically by black stone so that refinitiv business could be sold in pieces and it will eventually up to the acquirer for that business to decide... — read more 

The correct figures for UK are the 294 in Wrexham and 280 others. Before this started there were 2,800 total in UK, so about 20% of them going.

** This post may be deleted, so if you read this copy and save and re-post. We are now twelve days into the birth of Refinitiv, and finally I see clarity into what is happening. Having been with TR (started with Reuters) for over 20+ years, and gone... — read more 

Even Bangalore office is impacted and i can hear the names coming fast and thick. But, LT remains intact. Same LT, which was functioning during TR and same now with new company, what impact this will have. Reducing workforce to help bottom-line is... — read more 

https://www.thelayoff.com//t/K2Qb2xQ or go directly @K2Qb2xQ

Rap Lyrics (FT Story below): It’s like a Fintech and a Spaceship got together and mated TR in our hearts as we progress anew Put that orange in the background and replace it with blue The Market’s locked down, and we got the key And if you’re... — read more 

Three reasons not avoid getting a job with TR: Outsourcing of technology jobs to Tech Mahindra. Frequent layoffs F&R revenues not growing Constant cost cutting This applies to tech candidates, not sure how things are on the business side, I'll leave... — read more 

What are the higher-ups feeding you?

Keep positive. Life is much more than a job. We will “Redifine” ourselves and find something different if need be. You are way more resilient than you think!