It's extremely annoying that the company is hoping that people will retire or quit because of such low morale. And the only jobs postings out there are for contractors because they're too cheap to want to pay benefits. I find this disgusting. They aren't willing to invest in people who actually care about the company and pay them health insurance and retirement benefits. What quality of people do they think is going to want to do this work? You're treating them like a rental. It sickens me. This is why the company is going downhill. People who don't feel invested in the company that doesn't invest in them are not going to do quality work. It's just basic psychology
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As a manager, I have been told to keep "head count" down. Fire someone and don't replace them. Someone retires, don't replace them. Use contractors instead. It's cheaper and easier to get rid of them.
Gotta keep up the charade for the investors and prospective buyers
If the org is going to be sold why is Jim Smith sending out an employee survey today. Surveys sent out and complied cost money. Furthermore, they know the pulse of the org why waste the effort.
And 7 years after buying Tesla and firing all the engineers developing battery tech. , the new management and owners of Tesla are now buying in Ford Diesel engines to power the car as a cost cutting exercise. The marketing and management are very excited by this cost saving and future sales of the new car.
As if these id--ts could afford any portion of Tesla
The family is cashing out. They've done this before. Thomson used to be into Oil, Airlines and Newspapers.
Sometime in the 90s they made a bet on digital, sold the newspapers, and come up with a plan to leverage Financial, Legal, Tax, Learning, Science and Healthcare into a huge information company for knowledge workers (read White Collar).
Glocer came along in the mid 2000's and repeated that vision to them, they liked what they heard, and doubled down on a failing company called Reuters, using the proceeds from Learning (which by then was obviously not gaining any synergies with the other verticals) to subsidise the purchase.
Cross sales between Legal / Finance / Science and Healthcare / Tax never really amounted to anything material. F&R was a massive albatross throughout the Great Recession (sic) and never really recovered with the rest of the market. The sale of Healthcare, then Science, then F&R pretty much seals it: Legal and Tax will be spun off soon. They're building a war chest to jump into the next big thing, probably AI related. Maybe they'll buy Tesla. Who knows at this point? But I think they're done with the whole Knowledge Worker business model. It's so last century.
The most likely reason is that the company only cares about the short term now. Keep the cost low, sell the business and the Thomson family gets a profit.