Thread regarding Thomson Reuters layoffs

When did you decide it was high time to leave?

I’m not at all happy here, but it’s hard for me to decide to leave because I didn’t get an offer that I could say is much better. A friend who works in one of the competing companies is also not very happy - I mean, it is clear to me that the grass is not much greener anywhere. I am very much in a dilemma. What was your breaking point when you realized you had to leave this here without any doubt?

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| 2902 views | | 11 replies (last September 17, 2021) | Reply
Post ID: @OP+1cCimMUZ

11 replies (most recent on top)

I’m still here because I like to eat. Does that answer your question?

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Post ID: @gcov+1cCimMUZ

Two things, first off TR (and if you went to any other company it is pretty much the same) and don’t expect any large corporation to be your mommy and daddy because it’s not gonna happen , secondly, the time to start really updating your résumé and trying to interview is when you feel that the job is affecting your sleep, your health (physical and mental) and that you cannot even enjoy your home life because you can’t sleep thinking about work. At that point it’s time to get another job even if it’s just a lateral move. A change of scenery would do you good.

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Post ID: @gwou+1cCimMUZ

@eafv+1cCimMUZ was hibernating all of 2018, it appears.

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Post ID: @ebii+1cCimMUZ

@eafv+1cCimMUZ Just curious ,why are you here then?

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Post ID: @ewjs+1cCimMUZ

I have been seeing references to "Layoff Season" on a couple of these threads. I was hired into "Creative Solutions" in 2000 which had been recently purchased by Thomson. So yes, Tax & Accounting. There were no layoffs from then until 2019 when five people were laid off, but it was cutting dead weight not downsizing.

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Post ID: @eafv+1cCimMUZ

I left shortly before the 2018 layoffs. I was getting no reassurances from my boss whether I would potentially be impacted, and I didn't want to wait around to find out. Once you get out of a company that is constantly restructuring you'll know what real stability feels like. No more sleepless nights, anxiety about conversations happening that you're not privy to, worry when a random meeting invite gets added to your calendar, etc. TR is an exception, not a rule.

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Post ID: @7gbc+1cCimMUZ

I had 15+ years in Tax & Accounting. Could see the writing on the wall when Jon Barron was forced out. Luckily one of my options was to retire, so that was the route I took. Kept in touch with quite a few of my peers via e-mal and created a Facebook group for us. Then the layoffs hit. Quite a shock even when expecting the move of positions to other countries.

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Post ID: @7onf+1cCimMUZ

I was with the company 15+ years, and recently left. One thing that left an impression on me was seeing so many colleagues who were long time veterans of the company, vested pension plan participants, being (rightfully) worried every November during layoff season. Some of them had unfortunately seen their skills atrophy over the years, many hoping and expecting to retire with the company and not at all prepared for or wanting to look for a new job. In a big company, it's easy for that to happen, and you really need to take responsibility for keeping yourself up to date.

I legitimately feel bad for these colleagues; they had employment culture expectations gradually, but drastically, change on them. To stay marketable, you really need to move around and try different experiences every so often. So it's a necessity to eventually leave and try something new.

I probably would have left sooner, but had a good reason for staying as long as I did. As soon as that dried up, it was an easy decision to start looking. Feeling bored and less engaged with your current work is a good indicator it's time to move on. Though that feeling had ebbed and flowed in my tenure with the company, I was at that point when I left.

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Post ID: @2umi+1cCimMUZ

I have been hear nearly a decade. And I too have my feelers out and have turned down some offers as the pay is lower. It’s all about finding the right fit. We are employed so we have time to find that right fit.

The reasons I am leaving are the same as stated by others. It’s really the uncertainty of where things are going, the writing on the wall for layoffs. The no clear path for growth both personally and from a company perspective.

The truth is I’m just board AF. I want a challenge and I want to be treated fairly for achieving it.

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Post ID: @jbe+1cCimMUZ

I still work at TR and have been here 15+ yrs and was hoping to retire from here. The changes have affected my area so much in the last 9 mos that I updated my resume for the first time on 10 yrs and started to put my feelers out. Post covid there is more opportunity than I have seen. I am only applying here and there but know I will find a better paying job that also will be more interesting and fun. The stress of the uncertainty and inept leaders makes me realize why stay in misery a few more years. Expand my horizons and take a risk. If I went to something that ended up being miserable I would just keep looking. Hope that wouldn't happen though because interviewing with a job puts you more in control.

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Post ID: @kyo+1cCimMUZ

I never looked at it as a “breaking point” type of situation. In fact, I wasn’t looking specifically to leave TR. I wanted to see what my skills were perceived on the open market, how I’d interview, and just to have a conversation about different roles and responsibilities.

I interviewed with and accepted an offer with a competitor to TR. My saying “yes” to them meant saying “No” to TR. The “yes” provided more opportunity for career advancement, growth, flexible work, and a much better compensation package. The “no” to TR meant giving up the time, effort, and experience I had at TR. I treasured my time there and made something of myself. It was gut-wrenching at the time.

But as I thought about it, I was also saying “no” to having promotions or opportunities dangled in front when it was clear that the path is always continuously blocked.

I said “no” to the constant restructuring. There was a massive restructuring every other year. I survived 2018 because I was a SME in my area, but the infrastructure that made me a success at TR was unceremoniously dumped via buyouts and layoffs. I assessed the risk of massive layoffs in 2021 to be high, and although I would have survived, I’d become even more jaded and cynical. The layoffs I’ve witnessed as a third party are staggering. I’m glad I left when I did.

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Post ID: @oaj+1cCimMUZ

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