I wish I could tell everybody we're safe from now on, but everybody knows by now it'd be a lie. However, I believe we are safe at least for a while, including this week. Barring some unexpected COVID-19-related layoffs in the next month or two, we should be okay for a while at least.
5 replies (most recent on top)
Its not done, I got RIFd this week.
SOP—When confronted with the Right way to do things and the Wrong way to do things, Refinitiv will naturally go to the later. It is what they have always done.
I used work for TR then my group was offloaded to Refinitiv, and I was offloaded via redundancy.
It's always done for now. Upper Management try to sell the "you can relax now, it's done" message and they generally fail as the patterns of their cost cutting are proven year on year. No desire to grow a business, only to grow a balance sheet by k–ling useful jobs.
The writing is on the wall for Refinitiv, it's going to be bled dry for cash over the next few years, as it's not likely to be saleable in any useful format as the skilled people are not going to be in the company any more, and it does NOT have a good and trusted name to trade on. Ddevelopment of the useful money making products had effectively stopped, security was less than stellar in the applications, but it's an entity that can be leveraged for purchase of something else and then left with a mountain of debt and no useful way to pay it off. Pretty typical of Blackstone's management policies. I give it two years before it's a shell.
As an aside - anyone that needs a pronunciation guide for a company name, definitely picked the wrong name. Refine-Eye-Tivv? Reff-In-It-Iff? Reff-Eye-Nit-ive?
It’s pretty much certain that next year will come with LSEG reorg AGAIN. Let’s hope they understand that changing the organisation every 3 months is maybe not the best way to run a business... since DW and DC did not.
(Why do I now have this gut feeling Refinitiv is about to prove me wrong?)