Thread regarding Thomson Reuters layoffs

Bloodbath tomorrow (june 21) in Ann Arbor Tax and Accounting

how many survive the cut?

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| 9067 views | | 34 replies (last June 23, 2021) | Reply
Post ID: @OP+1brfXczc

34 replies (most recent on top)

So in the town hall on the 16th SH answered a question about locations and noted that Ann Arbor was a key center of excellence that they had put a lot of money into. Was that an outright lie or is it only engineering that is leaving at this time?

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Post ID: @3mkj+1brfXczc

@2bnz+1brfXczc Thank you for the link. You would think with there being so many power outages they would have waited a day. They can’t do anything right

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Post ID: @3kep+1brfXczc

They used a lot of non words to describe this cr-p. And he said “ after 21 years at TR”…. Oh how much boot licking he did to keep his job for that long. I’m sure he’s one of the 80 people whose jobs are saved.

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Post ID: @2qlt+1brfXczc

@2ngy+1brfXczc - "We decided to retain alignment to our value streams" simply means that TR upper management is more proficient at aiming who they're going to ur----e on next.

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Post ID: @2cnq+1brfXczc

"We decided to retain alignment to our value streams," What does this even mean?

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Post ID: @2ngy+1brfXczc

Something like 1200-1300 employees in the whole office, apparently every department will be affected to some degree. The dept they announced on 6/21 had 240 people, 160 of those are out of a job by the end of the year. Just more corporate money saving bu-----t, thanks Steve!

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Post ID: @2njq+1brfXczc

@2jnv+1brfXczc - the Ann Arbor office is huge. It was comprised of inside sales, support, product management, and a host of other functions.

The townhall meeting cited 80 product engineering (management) jobs remaining in Ann Arbor, but the language that they use indicates that the cuts are severe and numerous. If "only" 80 product engineering jobs remain, then there's easily twice as many positions as that being eliminated from Ann Arbor and being offshore to Mexico City and Manila.

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Post ID: @2odo+1brfXczc

How many employees worked at ann arbor prior to this?

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Post ID: @2jnv+1brfXczc

It's hilarious that they are able to remove the transcripts of the videos as well.

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Post ID: @2xcz+1brfXczc

New copy of the video is here - https://sendvid.com/i227gyky

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Post ID: @2zdd+1brfXczc

@1cqt+1brfXczc - How do those words taste now?

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Post ID: @2uet+1brfXczc

First, I want to thank you all for taking time to join us this morning. I would like to spend some time this morning giving you all an update on our location, strategy for product engineering and the implications it has to all of us.

As you have all heard, Thomson Reuters is pivoting from a holding company to an operating company. As we accelerate this move and work to build a simpler, more integrated company, we have had to make some difficult choices around our North American footprint.

As a result, we are redesigning the product engineering organization. This will be done by shifting product engineering roles across the Thomson Reuters, a state to key locations including our shared service centers in Mexico and Asia.

As a result of this, we have made the difficult decision to reduce our teams footprint in Ann Arbor and shift some of the roles to our shared service centers in Mexico and Asia, as well as to Toronto. At the end of this reorganization from an ATP perspective, we will have approximately 80 roles remaining in Ann Arbor.

The shifting roles will occur over three waves during the rest of the year wave one later this month. Wait two at the end of Q3 and wave three in Q4. Of the 80 remaining roles in Ann Arbor, some positions will be a one to one mapping where roles will directly map over and there will be no impact. In other cases where the number of positions for a given role are being reduced, you will each have an opportunity to apply for one of the remaining positions.

Each of you should receive an email shortly that invites you to attend a breakout session where you will learn more. The title of the email will be ATP Town Hall breakout session, so please look for this and join at your specified time. I'm now going to turn it over to Kevin who will walk us through the application process for the roles remaining in Ann Arbor. Kevin.

OK, thank you Chris. Alright, so I'm going to provide an overview of how we're proceeding with these organization changes, and I will articulate next steps. I want to say before I get into those details. Having been with Thomson Reuters for over 21 years. In which I've been connected to what's now known as the Ann Arbor office that entire time. I understand how exceedingly difficult and challenging this news is to here. There are a number of sites and organizations across it. Thomson Reuters that are going through similar changes. How we decided on a few key principles on how we're going to proceed. And I'll show you those details in just a moment. But the scope of impact is so large that we're performing the hiring and exits in phases throughout the rest of the year.

We decided to retain alignment to our value streams, but the impact is so large that there is not a department without impact.

We also decided to inform the entire site up front as opposed to rolling out these changes one phase at a time as a surprise next slide please.

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Post ID: @2frb+1brfXczc

The video is still on Vimeo, go search for it.

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Post ID: @2bnz+1brfXczc

Youtube video got taken down

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Post ID: @1vhn+1brfXczc

Can you please provide a link to the YouTube video?

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Post ID: @1nye+1brfXczc

Watch the YouTube video if you can. And record it on your phone or computer, since TR will probably try to take it down.

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Post ID: @1qjx+1brfXczc

How many people work in Ann Arbor today?

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Post ID: @1yed+1brfXczc

How many jobs cut in Eagan?

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Post ID: @1tvt+1brfXczc

Does anyone know how many from Carrollton location are affected?

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Post ID: @1jkb+1brfXczc

Is this Steve Hasker trying to get paid on stock options just like he did at Nielsen Media. Risking product quality for bigger margins is not ethical

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Post ID: @1xwd+1brfXczc

So will Ann Arbor close at end of year if only 80 jobs?

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Post ID: @1gkp+1brfXczc

Just heard in Dallas (Addison) Office, layoffs in the Product Engineering Corp Tax IT team. A bunch of friends affected :(

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Post ID: @1jse+1brfXczc

Besides the lack of empathy and the total disregard of human decency, TR has added a severance calculator to Workday, talk about building confidence in a long lasting career.. I am curious if that is covered during the on-boarding process for new employees.

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Post ID: @1wpy+1brfXczc

8 people in MIS

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Post ID: @1mhb+1brfXczc

Announcement is occurring. 80 roles to remain in Ann Arbor. We are all screwed.

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Post ID: @1zbs+1brfXczc

My job was eliminated in one of the earlier layoffs. I stand by my comment that posting a message saying "bloodbath tomorrow" with no details or any indication of how the poster knows is useless and does nothing but frighten people. If you don't have any helpful information, wait until you do. Otherwise, what's the point?

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Post ID: @1xgs+1brfXczc

@1cqt+1brfXczc How blind are you? Look at what is going on and has been for months now. You are the id--t.

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Post ID: @1uii+1brfXczc

It’s 100% accurate and its development. Mexico City and India for money savings.

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Post ID: @1txf+1brfXczc

How do you know?
Who exactly is being cut and how many?

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Post ID: @1ldk+1brfXczc

This is 100% true. 9:30am meeting for all technology and operations will make the announcement. Pathetic decisions by pathetic management.

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Post ID: @1kmz+1brfXczc

It takes a very special kind of stupidity to post a message like this. How do you know in advance? What do you know? Are you just trying to scare people, give them a sleepless night? Attributing this to "Steve Hasker" is the final idiocy. Pathetic and useless.

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Post ID: @1cqt+1brfXczc

Whats happening? Let's get some insight?

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Post ID: @wce+1brfXczc

You mean Clark Kent?

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Post ID: @hcz+1brfXczc

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