Thread regarding Thomson Reuters layoffs

Used TR to my advantage

I was planning to retire at 54 and everything was planned.
Last steps were to give notice to TR and leave.
Then I figured these folks can’t go 12 months without making people redundant , so I will hang on another 12 months and see what happens.
Then as predicted and only delaying retirement by 8 months the dark shadow of potential layoffs started to appear across the unit I worked in. I actually mentioned in passing to my line manager that if getting a partial in my yearly review that was always hoping between exceeded and achieved would help my case , then I would be happy to take the hit :-)
As if by magic I got the tap on the shoulder and left having done 12 years service and on Reuters redundancy rates.
I remember the meeting with HR letting me know I was at risk and trying to stifle my joy.

Now happily retired and watching the dramas that play out at TR and Refinitiv from the sidelines.

Has anyone else gained rather than lost through redundancy and it was something they were hoping for?

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| 2766 views | | 4 replies (last August 14, 2021) | Reply
Post ID: @OP+1c5y5E2F

4 replies (most recent on top)

More people than you realize are waiting around to be laid off and collect severance. However if you’re close to retirement age I think the company is getting wise and has figured they will wait you out.

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Post ID: @fluh+1c5y5E2F

@3qvb+1c5y5E2F "TR is not loyal to anyone" - well said and very true.

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Post ID: @3zfv+1c5y5E2F

Yes, watched what was going on around me, but didn't want to leave without the severance, so "convinced" my manager and made them believe it was their idea. They took the bait and sadly I was RIF'd, got a better job, and life goes on. I feel bad for my former coworkers who are going through this and kept their heads in the sand. TR is not loyal to anyone, so understand it is a paycheck not a career.

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Post ID: @3qvb+1c5y5E2F

Well done, sir.

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Post ID: @fyb+1c5y5E2F

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