I am a little older generation. I started working here when the company was very different. I am fascinated by how quickly things have changed and now I could say for TR that it is a totally different company than the one I started working for. But I’m not sure what the main trigger was, i.e. when did it all start going downhill?
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It's funny that they thought the Reuters management was some sort of crown jewel. I remember the last Christmas party in Stamford that Di-k Harrington hosted, when he knew he was out. He was funny...during the raffle winner announcements, he'd announce a prize, then say "what a sh**ty prize...we can do better!" then he'd double the amount or upgrade the flight or something like that.
He was a good guy. His successors? Pfft. DW with his self aggrandizing "D-Tour!", TG with his self important blog, and Jerg (sp) with his career defining sales force reorg that nearly broke Markets (F&R). They were all literally worthless - negative value even. The only hold out was the Reuters FP&A guy who became CFO of F&R, who played favorites like nobody I have ever seen.
The company started layoffs with Thomson. Both voluntary and involuntary layoffs in codes content. It did get worse as time went on.
Most definitely he started going downhill (and it was so predictable) that it would when Thomson became Thomson Reuters. Old Man Thomson I think was against it and he was right. For about three years Reuters pretty much ran the Corporation and they nearly ran it into the ground.
I think it’s more recently when TRTA became Corporates. It has never made sense to sell ONESOURCE in the same way as Westlaw. The exit in sales talent shows how much this company is determined to ki-l the golden goose.
In retrospect it's obvious they had no idea what they were doing with Reuters: it's like a billionaire just wanted a media company for the novelty of it. The cultures of Thomson and Reuters never gelled, ever, and the former spends all their time either profiting from or insisting they have a legal separation from the latter. I have yet to meet a single Reuters employee with good things to say about TR.
Things REALLY started going downhill with the F&R spinoff. That was the point at which it became clear to everyone that they were flailing around without any kind of strategy. The entire company has suffered since.
The company started downhill with the Reuters purchase. Then the last two years it has really picked up speed. All for the mighty money and steam roll anyone in the way. Sort of like those Russian shells falling in Ukraine. They don't care who gets hurt, and they want the shells falling on everyone not at a high level. If you make it through the te---r, a quick bullet to the head, the mobile crematoria, and all problems solved. No goodbyes, no person, no evidence, no problem.
Yes with TG after the merger with Reuters. Then BP was anointed as the village jester and the frivolity started. JS left so nobody was there to keep BP and his jazz band in check. Intuit did a major reorganization and the former product management “leaders” found a place to land. Just my view from the trenches.
Thomson has been sucking ever since they merged with Reuters.
I think it was when Thomson acquired Reuters. Soon after that in 2009 the first of many, many layoffs began and jobs were off-shored. It used to be a great place to work. I was included in one of those layoffs when our building closed.