I know profit is important to every company (gotta keep those shareholders happy,) but you can't put it above competent employees.
If you are willing to give up your best employees for a quick bump in profits just for that quarter, it'll affect the company's profits in the long run. No company can function properly if all of its employees are new or have no idea what they're doing.
I know this is not unique to Thomson Reuters, but it's still very much true. The company needs to slow down on layoffs and thing about its future. Not sure it'll have one if this continues.