How low does the stock need to go before something is done to replace current management with qualified, experienced people to right the ship?
9 replies (most recent on top)
LSEG beaten to market today by Bloomberg with their AI product ASKB. Still nothing from LSEG as part of workspace with AI despite the Microsoft partnership. Really pathetic.
Every person at the Group Director or higher level in LSEG should be fired asap. You are responsible for ruining the company’s stock (down 37% the last year).
Any random person off the street could do your job better than you.
@xc It’s not just that experienced and highly skilled people are being laid off. Along with them, valuable legacy software, content, backend knowledge are disappearing. LSEG is effectively replacing established talent with cheaper labour. I’m sure some of the new, younger hires are very capable, but they simply don’t yet have the experience or depth of skills that long‑serving employees had. Who will they learn from if they’re all gone?? Who is left to support sales, CSM and account managent??
https://www.thetradenews.com/ubs-nej-djelal-joins-lseg-to-head-up-workspace-platform/
This senior exec was hired 3 years ago to head up the Microsoft partnership and Workspace. 3 years later, nothing meaningful has been accomplished with either and there seems to be no plans to monetize that partnership.
The stock is also at or near where Microsoft bought their stake in LSEG 3+ years ago, so they have gained no appreciation from that capital spend. The lock-up on those shares expired at the beginning of 2025, and with LSEG partnering with other cloud providers lately, it wouldn't be surprising if Microsoft sold those shares back to float.
Don’t think it’s an overreaction from markets and analysts. Any investors can ask two simple questions around non existent AI strategy and see through the vague, lack of real statistics to back it up their answers.
How you using AI internally to free up the cash flow and where that is being redeployed?
Is there any net new revenue being generated on back of your ‘AI ready data’ and how much extra capex is spent on to make current data to be ready for AI ingestion?
LSEG is just a total embarrassment. If investors knew the amount of talented people that left or were laid off to make room for people’s friends, they’d revolt.
Especially in the face of all this AI driven pressure, they need a serious talent refresh.
My reaction is: WTF
The stock has dropped another 10% since this post.
LSEG is in desperate need of new leadership in the desktop business. They are behind in AI, have gained no benefit from the Microsoft partnership. Investors are clearly going to sell off the stock until action is taken.
The qualified experienced people you speak of were laid off, or are about to be.
There is little left of lasting value, and what is still there is really old and no one still here knows how it works. We're one big outage away from oblivion. No one overseas understands the code base. MS doesn't. AWS doesn't. The management definitely doesn't.
They hired their friends and fired the experience and talent, trying to juice the stock short-term for their own remuneration. Driven by pure arrogance and greed, not business sense. Paid for by the livelihoods of those that built the company and their families. And all they achieved was to destroy value. It's right there in the chart.
There will be more cuts but it's not recoverable now. It'll be taught in business schools one day, as a lesson in what happens when those of minimal talent are given maximum power. Shareholders have caught on, and left.