I'm totally disappointed with this company. Refinitiv's main strategy seems to be cost cutting and I'm wondering where will such a strategy take it?
8 replies (most recent on top)
Of course they will. Haven't you already seen the Powerpoint presentations in the many global and sub regional strategy offsites? "Very humbled" to have flown in and visited the many locations these have been held in....
The aspirational targets assigned to 3 year strategic growth plans where the originator has no clue about the market, client, regional nor sectorial nuances but makes the most senior person in the room happy because if the size of the number. Senior person puts on the teflon coat and simply blames the lack of performance and capability of the sales staff.... sound familiar?
@5hhn+1d2HZkUs that is true. That and promoting "oppressed" over qualified.
And of course all of this is happening below the 3 top levels, so they can act as social justice warriors.
It is amazing that with the bounty of valid criticisms that exist with this company the previous commenter tries to pin its failings on “liberal politics”. Is anyone within 3 levels of CEO at this organization not white?
All this time I’ve been thinking the most severe damage was from Blackstone’s blindfolded machete swing method of cost cutting, combined with the general incompetence of senior management. Thank you for enlightening me to the real cause of our issues; paying lip service to bl---s and g-ys.
NO. This will never happen as long as we have our crooked HR and Refinitiv managers caring more about diversity and inclusion as opposed to caring about the business. Stop following liberal politics, focus on business first. Focus on our employees, their loved ones and local communities. Let people choose their career paths freely. Let the free market do its magic. This is a business, not a social experiment. Don't hide your incompetence by playing the saviors of the "oppressed".
This ship will never be turned around. More cost cutting on the way. It's the only way they know how to operate.
Yes, there has been dramatic under-investment for way too long. Yes, Reuters and Thomson Reuters and even less Refinitiv were ever owned/managed by people who had any vision about the banking, market data industry & services: journalists, a useless heir, and McKinsey/ M&A GS apparatchiks. Yes, there’s only been under-investment and cost cutting for ages. And yes, there has been window-dressing that led to an overpriced deal. But there is a way to pushing on a fully integrated and multi-asset click & view platform & GUI; to a fully integrated data/metadata basis with a Permanent-ID strategy; and to a fully verticalized GRC / Market Watch /Post Trade content & solution for the financial industry. Either LSEG invests massively NOW in product line with a clear vision, or they’ll sink with what was too big for them.
They've been squeezing the rag since the Reuters buy. Don't hold your breath.
Don't get your hopes up too high.