Thread regarding TransUnion layoffs

So disappointing to watch TU founder under CC. Definitely not the same TU I joined 8 years ago. The company's values and beliefs they pushed so hard under Pe-k don't mean anything now.

Yes the culture of TransUnion is gone. There’s a post in a Glassdoor topic for TU that rings familiar for recruiters and those in hiring. Candidates once interested in TU opportunities won’t consider them due to hybrid working models and constrained geographical requirements. We cannot even get strong applicants in, they just won’t engage with TU. That was not the culture even 1 year ago.

My current understanding is that some organizations will have layoffs at the end of January. This may be a smaller number, but unsure.

There will be another round of layoffs in either February or March. Organizations have different dates to make these decisions on.

So it appears that layoff news will continue to trickle through Q1.

After March, it may slow for awhile, but nobody knows if this is just Round 1 of a strategy that will take 2-3 years to get an even higher number of the company off-shored.

Some organizations are (or will have) having reorganizations to account for the job eliminations that are now impacting the teams.

In my opinion, the culture of this company is gone, morale is low but leadership can't address it because everyone is just following the mandates from the top. Expect more execs to leave - January has been a month of execs leaving. More will likely follow

There will be reorgs. Teams who saw their management let go will be assigned to a new team or become a statistic in a future RIF. It’s disturbing that those responsible for choosing who to cut from TU didn’t take into consideration the institutional knowledge lost. There sure are some strange people making poor decisions at TU.

There's rumors of more re-orgs (again...wtf) coming to technology in the next few weeks.

Idk if this means more layoffs again and moving more domestic resources to GCC. :/

Feels so sh---y the lack of transparency and communication from leadership.

I was impacted in Nov. My understanding was that the Nov round was just positions that were being eliminated. There is still supposed to be more RIFs where jobs are being moved to GCC so the pain will likely be ongoing there.

Do yourself a favor and get out as soon as you can or at least start looking now so you can try to land something else before or right after the next wave happens.

Don’t expect things to turn around there. That ship has sailed.

Can a company be any more untrustworthy than TU under this narcissistic piece of dung?

My understanding is that there will be layoffs communicated to employees in late January and also in late March.

These are net new

As one of those laid off in November, trust me, it’s a blessing in disguise. I’m so much happier.

If that's the case, they should atleast inform us by this week that there'll be an All Hands Meeting or some kinda info. This is ki*ling us literally.

Wow. So these 2/2 layoffs are net new from those informed in November?! Ge-z. How much more can we handle?!

Why didn’t TU just say this was already announced instead of saying “no comment”? Because these are actually additional cuts not part of the original number?

I was notified in my "15 minuter" back in early Dec. Was kicked offline one week later and have already mailed back my laptop. However, my last regular paycheck is scheduled for Feb2 and then severance starts after that. My guess is this is part of the initial layoffs and not a new layoff wave.

Credit giant TransUnion laying off 339 employees

Chicago-based credit reporting company TransUnion is laying off 339 employees beginning in February as part of a broader cost-savings initiative and a move to ship jobs overseas.
Last month TransUnion announced plans to cut up to $140 million in annual operating expenses by 2026, with half of the savings to be realized next year. The company, which has more than 13,000 employees in 30 countries, said about 10% of its workforce would be affected by the cost-reduction program through either relocation or layoffs.
The company, which has grown its international operations to more than 4,000 employees in India, South Africa and Costa Rica since 2018, plans to transition more roles to those locations over the next two years to drive cost savings, according to the November news release.
TransUnion, one of three major credit bureaus along with Equifax and Experian, collects personal financial data and provides reports for businesses and consumers. The company reported a net loss of $400 million in the third quarter amid flat revenues as higher interest rates and inflation weaken demand for mortgages and other loans.
The company, which is headquartered at 555 W. Adams St. in Chicago, notified the state last week of the 339 permanent layoffs associated with its Illinois operations. The layoffs are set to begin Feb. 2, the company reported.
A TransUnion spokesperson declined to comment on the layoffs Wednesday.
The Illinois Worker Adjustment and Retraining Notification Act requires businesses with 75 or more employees to provide the state with 60 days’ advance notice of pending plant closures or mass layoffs.