Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

Cyprus & Poland

I am sure that HR will be in Nicosia and Gdynia for more Lay off next Monday. Wish you good luck! please remember Job can be lost, but skills are there for new beginning.

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| 1181 views | | 2 replies (last October 15, 2018)
Post ID: @OP+VBdKD91

In any case it's been an honour working with you

Regardless of what happens to me and everyone else, would like all of you to know that it’s been an honour and privilege getting to know and having an opportunity to work with many of you. Take care, stay strong and try to keep it classy. Your skill... — read more 

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| 1781 views | | 5 replies (last October 16, 2018)
Post ID: @OP+VBkwgMI

Take it from someone who’s been in your shoes

Getting another job can take a while (took me a 6 months to start working again), hope this helps someone. My mistakes: Looking for a job only in a same industry and with the same wage. Relying only on job applications via web (sending a bunch of... — read more 

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| 2480 views | | 8 replies (last October 14, 2018)
Post ID: @OP+VB6i8vE

Hats off to REDI management

They really took care of all of the middle managers and loyal employees across all the departments. Blessed to have such managers.

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| 881 views | | no replies yet
Post ID: @OP+VBFkzDf

Singapore

Singapore GTM lay offs complete with roughly 20-30% cut thru all functions (including early career?!?) after 5 days of firing. no pattern and no comms on future plans ELT floor walk announced for Thursday but did not leave his meeting room. prob did... — read more 

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| 2700 views | | 6 replies (last October 15, 2018)
Post ID: @OP+VB4dVaS

Technology Slaughter

Rumour has it small tech teams will be laid off shortly and large teams transfered to third party vendors.

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| 2052 views | | 3 replies (last October 13, 2018)
Post ID: @OP+VBH7tPi

7 days by David Craig

Had a meeting with Blackstone on Monday Sold the company on Tuesday Made people take a pledge on Wednesday Made people redundant on Thursday &Friday Chill on Saturday and Sunday.

Inclusion

The company literally has a campaign- complete with posters and name tags- that say “be here now”. perhaps the writing has always been on the wall. David Craig is as much a laughable CEO as he is effective. A company that’s more concerned with... — read more 

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| 2291 views | | 11 replies (last October 12, 2018)
Post ID: @OP+VB16tFv

Many posts and comments are being censored/deleted

Wondering if some Refinitiv HR people are monitoring this space and are reporting many posts! The mood where I work is extremely gloomy this morning. I was shown the door but I feel somehow liberated. The private equity ride feels already VERY bumpy... — read more 

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| 2120 views | | 2 replies (last October 12, 2018)
Post ID: @OP+VBRWLqm

Many will be back as Contractors

Here's my positive spin... I've seen it way too many times at TR, there is a hit and some additional attrition that follows. Things slow down and pick up again - then people start coming back as contractors. The severance payout may be (and likely... — read more 

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| 1850 views | | 5 replies (last October 12, 2018)
Post ID: @OP+VB1f7sH

Customer Support Department in Manila

Do you have any updates about the Customer Support Department and layoffs in Manila, Philippines? Anyone has details if they got hit and if yes, how big is the hit. Thank you.

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| 1451 views | | 3 replies (last October 17, 2018)
Post ID: @OP+VBffI7E

Anger

http://www.leaderlive.co.uk/news/16977834.anger-as-firms-plans-to-close-its-wrexham-industrial-estate-base/

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| 864 views | | no replies yet
Post ID: @OP+VBfF0Yx

This isn’t TR anymore

This is a private equity firm now. This will happen every month if you don’t hit numbers. Get real! Are you all really thinking this is going to be where people come and never leave - no way. Haven’t you read all the stuff about a high performance... — read more 

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| 2070 views | | 6 replies (last October 12, 2018)
Post ID: @OP+VBD1DVV

Andover UK

All 15 staff told be gone by end of Jan

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| 825 views | | 1 reply (October 12, 2018)
Post ID: @OP+VBHU3tz

Cleaned up FxAll

Not much left for the products with total of $230 million revenue. Techology management are pitching that they are better in technology and management to the higher managers and cto office. If so, why the fxx it is not making even 30% revenues of the... — read more 

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| 2270 views | | 3 replies (last October 12, 2018)
Post ID: @OP+VAM4ecb

2nd round of layoffs

My manager (according to his manager) shared some limited information with us in a private conversation, our business had been given the head count & total cost to be reduced in the first round RIF in 2018. It will be decided by current management... — read more 

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| 5060 views | | 10 replies (last October 13, 2018)
Post ID: @OP+VAIYjEi

Refinitiv Manila Site UPDATES

Do we have updates if Manila Site will be hit by this Massive lay offs? In case, any idea what are the roles being targeted (content? Customer support? Programmers? Events?) We are wondering at nowhere until substantial info is given by the... — read more 

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| 1680 views | | 2 replies (last October 12, 2018)
Post ID: @OP+VAxvW5H

EMEA

There is some talk on this board that they are not done with EMEA just yet. Some say small offices (<15 employees) will be hit next, if not shut down completely. Does anyone know more?

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| 3681 views | | 20 replies (last October 14, 2018)
Post ID: @OP+VAa60Bw

DON'T BE HERE NOW :(

Shocking and sad stories coming from global quarters. There is panic everywhere. People who survived so far have worries of being outsourced or outsmarted by technology. SMEs are being laid off too :(

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| 2040 views | | 6 replies (last October 11, 2018)
Post ID: @OP+VAPamEC

US severance plan details

The US plan is written down as follows; Severance Benefits: Severance Pay; Medical, dental, vision and health care flexible spending account benefits; Career Transition Services; Incentive Compensation Payments (subject to the terms of the incentive... — read more 

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| 4071 views | | 2 replies (last October 18, 2018)
Post ID: @OP+VAjSdhX

Refinitiv layoffs

Not sure how right and up-to-date this info is, just read it on Refinitiv board here (https://www.thelayoff.com/refinitiv or &refinitiv ), US locations that have also been hit are Eagan, MN and NYC (they are still expecting some more layoffs). There... — read more 

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| 2950 views | | 1 reply (October 13, 2018)
Post ID: @OP+VAfF9P0

Got the package, it could be worse

was laid off. The anticipation was worse than the actual layoff. It’s not the first time for me, but it is the first time it’s been done so humanely. I know a lot of people are frustrated and afraid for the future. I am as well. But if you get... — read more 

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| 3531 views | | 5 replies (last October 12, 2018)
Post ID: @OP+VALUfQ2

Eagan?

Has anyone heard what is going on with Legal in Eagan?

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| 1851 views | | 2 replies (last October 11, 2018)
Post ID: @OP+VAjs6mD

Tokyo started

I think I’m the first one that was shown the door. Oh well! I didn’t like the name Refinitiv anyway :)

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| 2040 views | | 2 replies (last October 11, 2018)
Post ID: @OP+VA4ItBt

Sing-along

I've got chills, they're multiplying Now our site's lost control And that power we were supplying Now it's dying (refinitiv) You better shape up, cos we need you now To train up Bangalore You better shape up, we're telling you Then we won't want you... — read more 

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| 2120 views | | 4 replies (last October 11, 2018)
Post ID: @OP+VAc3ld2

Let Them Eat Cake

Meanwhile TR increase payment to shareholders by 1.4%. Wouldn’t you think it would be wise to have stalled these dividend increases over the years and invested the money into the company instead ? Yes still pay a dividend but freeze the increase... — read more 

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| 2030 views | | 5 replies (last October 11, 2018)
Post ID: @OP+VAgG34E

There is life after TR!

If you get the opportunity to take a decent package, see it as a positive and move on. There is life after TR. The time it takes to get a new role (I can only speak fro London) will depend on various factors (e.g. Seniority and specialisations and... — read more 

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| 2921 views | | 5 replies (last October 11, 2018)
Post ID: @OP+VAtp1Mm

TR Severance

I went through this in late 2016. In terms of severance, it's quite clear: UK: the terms are in your contract. If you're not new, I believe you're entitled to 6 months pay + 1 month per year of employment. Pretty straightforward. US: if you're Band... — read more 

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| 4121 views | | 3 replies (last October 11, 2018)
Post ID: @OP+VAqZa6z

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