What is there only to fill Blackstone’s and Thomson’s pockets - as much as possible in a minimal amount of time? It does not matter if this lays off thousands, makes people miserable, installs management by terror, downgrades service, betrays out... — read more
Underperformers forced on to performance reviews
Is there any truth in the rumours regards the 10% of employees marked as underperformers to be put on formal performance reviews to reduce redundancy costs?
Real information
Does anyone have any “real” useful information on layoffs? What teams, dates, region - anything that can help prepare...
At least we are safe next week
Then the layoffs should start - and it's not going to be pretty. Mid-July is the latest I've heard, which means right after the Fourth of July and the following week are done. At least they are letting us go through this weekend and celebrate in... — read more
Ready, set, go...
It’s coming very soon! Allegedly already agreed with a third party to take on much of the network/infrastructure space, expect a large scale out source to an existing partner precluded by ‘rightsizing’. Anyone outside of India should get... — read more
Gear for home use
How do we order kit to work from home? Screens keyboards chairs, any ideas?
Glint Survey
I read in Refinitiv's site that your manager will get the 'stats' from their team (it's buried). Perhaps no names were mentioned (who knows) but comments might be so it wouldn't be a good idea to leave comments that your manager might associate with... — read more
https://www.telegraph.co.uk/business/2020/05/23/former-lse-chief-rolet-warns-obsolete-refnitiv-deal/
https://www.telegraph.co.uk/business/2020/05/23/former-lse-chief-rolet-warns-obsolete-refnitiv-deal/
June Layoffs in Content
I am hearing from many sources about layoffs in multiple content groups . What is confirmed so far : EH is preparing to lay-off 25% of his staff. Notification date will be June 30th. Pricing team notifications will be out in July.
Potential hack & Creds on pastebin
Noticed a discussion on popular hacker forum about some refinitiv credentials were available In pastebin. Not sure what impact that might have on the current excessive outsourcing.
Definitive lay-offs in COMS
If you are working in content operations you must be prepared for layoffs . FX content , pricing, corporate actions, fixed income content, Company financials, commodities and World- Check .Senior leadership is planning to move 500 roles to low... — read more
TRPS
Hearing about another round of layoffs happening soon in the pricing service. MM will use his Minions to get rid of non-millennials .
Covid 19 death in London
All, An employee of TCS working on the 2nd floor CS has sadly passed away yesterday. There is no comms from elite executive team. So much of care for employees. If you were in 2nd floor of CS, please take proactive step to self isolate or even... — read more
April Fool's Day Layoffs?
Been waiting for a month for "transformation" layoffs....or worse yet....resignation letter demands/transfer of employment to a third party, thus relinquishing of tenure, quick firing. Has anyone heard anything? Or if not, share your... — read more
Bonus due to COVID19?
Will Refinitiv provide a special compensation award to help ease the financial burden of the coronavirus pandemic to its employees, like some companies are doing?
BREAKING NEWS: ELT Grounded. Worldwide shortage of 'humbled' and 'excited' posts
The executive lounge team are currently unable to do what they do best, collect mileage awards, and now have to think about company business rather than picking their next luxury company-paid travel / golf / shopping / gourmet / infidelity... — read more
When complete liquidation?
This year or next? All moved to India already? Gdynia affected? There is live after TR/Ref my friends!
Global Workforce Reduction and Redeployment Programme (GWRR)
Am hearing from sources there will be a GWRR programme kicking off in March which I can only assume judging by the title will lead to potential job losses and offshoring/outsourcing. Anybody heard same, did hear a while back that as a vast majority... — read more
LSE/Refinitiv Deal - Possible Sale of Assets
Is anyone concerned by the phrase in the Reuters article dated January 21st "triggering...possible sale of assets"? I'm worrying about different parts of the business that makes less sense to the LSE like maybe the old BETA in Brookfield? LSE... — read more
Refinitiv - Oak Brook
Did the Oak Brook site close or did they just relocate?
Attrition is getting worse
Not that I blame people for leaving this place... But I do blame the company for being in no hurry to hire replacements for many of them, so we end up with twice more work than we are supposed to have - and not enough time to do it all. If this... — read more
28 Liberty Street move
Does anyone know what the move downt. own will bring?
Comment pulled
Earlier this morning, a post was made about the head of Refinitiv Labs, TB, getting the chop along with someone else. The post got pulled. Anyone else able to confirm or deny? The signature name was very funny so didn't know if that might be the... — read more
LSE Shareholders Overwhelmingly Approve Refinitiv Acquisition
One of many news stories making the rounds... https://www.reuters.com/article/us-lse-m-a-refinitiv/london-stock-exchange-shareholders-bless-27-billion-refinitiv-deal-idUSKBN1Y01DD
Retract the KYCaaS Layoffs. MAS is back!!
Word on the street is that the Singapore Bus Dev team are about to dust off the KYCaaS aprons and claw the laid off staff back.... MAS want to kickstart the KYC utility programme again. Big game changing targets over the next few years from the MAS... — read more
Any news for Brookfield, Wisconsin?
Brookfield is entering the "layoff month" and there hasn't been any word as to whether or not there will be layoffs of any type (big or small). They are heavily development related and closely connected with Eagon, Illinois. If anyone has heard... — read more
DW Gunning for DC
Just as there was the open target of JG it is understood that DW has the cross hairs on DC. The word is lots of back room discussions with shareholders and stakeholders with a public "not true". You just never know, given the recent talent choices... — read more
Is the office in Zug really closing?
Someone mentioned on this board yesterday that layoffs are happening in Zug due to the closure of the office there. As far as I can see, none of the other posters commented on that or gave any more details. Is the Zug office really closing? Has that... — read more
Consultation period has started for the Zug office, 13 redundancies expected
The consultation period for the Zug office has started. 13 people from the tech business area are planned to be made redundant with others relocated to Zürich office. I beleive there are only 13 tech positions here.
Sales Layoffs?
How about Sales? I heard they are gonna be next This was asked by @11lyU62q-1ydg in a reply to a different topic. I wanted to ask a wider range of people the same question, so I made it a thread. Has anybody heard about Sales being hit in the... — read more
Eagan-based Technology is being shut down
Eagan-based Technology (~175 folks) is being shut down by Q3 2020. Sounds like most end dates were not until at least Dec. 31, 2019. Some folks have been offered relocation, which sounds like St. Louis being the main transfer spot. Made into a... — read more
All the non strategic locations are on the line?
Looks like all the non strategic locations are on the line. So except Brookfield and St. Louis everyone else?? And it will be interesting to see what kind of package they offer and what will be the end date.. I would like to know the same... — read more
Rockville office to close soon
Rumors are the Rockville MD office will be closed. It had 500 people at one time now maybe 40. Most will be shown the door. a few offered the chance to move to Brookfield.
Hong Kong Stock Exchange View on Refinitiv
https://www.thebaron.info/news/article/2019/09/15/hong-kong-raider-to-target-refinitiv-as-a-terminal-acquisition-report
Refinitiv should be ~ 445 people total
20 x 10 person dev team (and thats really generous) = 200 Support, deployment, etc = 200 people (generous) Legal, etc = 20 Hr = 5 (not sure why 0 isn't the right number) A few decent pms = 20
Change at the top?
Rumours of someone walked out of the building yesterday and today a change on the Refinitiv Executive Team page.