Thread regarding Thomson Reuters layoffs

Morale at all time low

Worker morale is at all time low. Leadership is largely silent. Many workers in the US have been eliminated and replaced with low cost workers in Mexico, Philippines, and India. Support resources have been eliminated. “Do more (work) with less (pay)” is the mantra. They say no pay increases this year due to budget cuts. Meanwhile, the directors and above gave themselves raises this year. So wrong.

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| 3442 views | | 16 replies (last February 21, 2022) | Reply
Post ID: @OP+1eL46DmG

16 replies (most recent on top)

Reason to leave:
Company future days are counted since there is no one vision just bunch of new ideas every time new ceo comes online.
Pay is low and increases are non existing if you compare to inflation.
Benefits have been suffering over the past years with deductible and premiums going up double digits
People are talking - very little motivation, distrust for good reasons
When you coworkers become your new colleges out of India - well time to go.

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Post ID: @Eopt+1eL46DmG

If you're not getting at least a 7% merit increase, your pay is a cut.

And that 167% AIP? fuhgeddaboudit!
That came from laying off employees and the employees who are abou to be laid off this year.

de omnibus dubitandum

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Post ID: @hlss+1eL46DmG

@1oqx+1eL46DmG "but I can assure there is merit in our budget". What planet are you living on? How true, provided you are at the top of the ladder, and there's the rub. The inequality of wages /salaries for those at the top and those who work "on the floor" is at an all time record and continues to increase.

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Post ID: @elts+1eL46DmG

^ Same for Dallas. Even our customers are asking wtf is going on?

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Post ID: @cqhv+1eL46DmG

Hey now don't pick the finance person just for being honest.

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Post ID: @1fmu+1eL46DmG

@1oqx+1eL46DmG - Sadly, their idea of a merit raise is to not lay you off this quarter.

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Post ID: @1hig+1eL46DmG

There will be merit increases this year. I'm not sure it will offset how much everyone has given of their lives last year but I can assure there is merit in our budget.

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Post ID: @1oqx+1eL46DmG

@1kfx+1eL46DmG That line of diminishing returns was 20 offramps ago and has long disappeared from the rearview mirror. Who cares if it's 120% of AIP when they decide to rate employees so low, they only pay out half or less? They held that out as a carrot for 2021, and then took the stick to people through reviews to find ways to pay out as little as possible. But hey, so long as the T-Family makes money - $44B barely keeps the lights on.

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Post ID: @1xco+1eL46DmG

It's the fault of the unvaccinated!

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Post ID: @1lea+1eL46DmG

If there are no raises @120% AIP then there is a clear meaning behind it to drive even more attrition. Which is odd since TR is struggling to fill roles and has people already leaving left and right. Literally everyone is trying to hire right now.

Driving attrition in high cost of living areas and hiring in low cost of living areas may look amazing on paper, but there is a line where you definitely get what you pay for and TR is already having diminishing returns in spades with that.

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Post ID: @1kfx+1eL46DmG

Too many Town Halls. too many useless forced seminars/webinars, too many self evaluations, too much corporate speak, too many useless executives, too many layoffs of experienced workers - otherwise things are great.
Morale here in Minnesota is in the toilet.
Btw what is with Andy Martens and his pronouns?

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Post ID: @1asz+1eL46DmG

I've heard this tune before.

They write the songs that make the 3rd world sing
They write the songs of codes and outsourced things
They write the songs that make laid off and remaining U.S. employees cry
They write the songs, they write the songs
They are TR and Mckinsey writes the songs

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Post ID: @1fqi+1eL46DmG

Too many reorganizations, too many layoffs, too many open positions not filled, too much work and constant chaos. Why would morale be low?

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Post ID: @1igk+1eL46DmG

Wow. No pay increases? We're giving 4% this year and people are griping it's 3% below inflation.

David Thomson must need another racecar.

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Post ID: @fmf+1eL46DmG

No pay increases, not even to keep up with inflation? Sheesh

They did that one year back in I want to say 2009, but I believe it was for middle management positions.

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Post ID: @ibl+1eL46DmG

Every Eagan coworker I’ve spoken with is looking to leave the company asap.

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Post ID: @rnx+1eL46DmG

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