Thread regarding Thomson Reuters layoffs

The US plan is written down as follows;

Severance Benefits:

1. Severance Pay;

2. Medical, dental, vision and health care flexible spending account benefits;

3. Career Transition Services;

4. Incentive Compensation Payments (subject to the terms of the incentive plan).

Severance Pay will be paid in the form of salary continuance in accordance with the Company’s normal payroll cycle.

Severance Pay is based on band and years and months of Completed Service. An Eligible Employee will receive 2 weeks’ severance pay per year of completed service at his or her Base Salary as of the Termination Date, with a maximum of 52 weeks of severance and a minimum number of weeks of severance that varies based on the Eligible Employee’s Band, but in no event less than 8 weeks of severance.

All the disfunction that seems so evident and prevalent when you've been through multiple re-orgs doesn't affect the view of TR to the rest of the industry.

That remains to be seen now that F&R has been divested from TR. Both TR and Refinitiv have to begin operating independently and prove they can maintain the same level of customer trust and satisfaction as separate companies.

TR are in a bad state, so anyone who is kicked out in this latest huge round of redundancies is lucky. TR treat their employees like dirt, and have the nerve to include "Trust" as one of their values. There are some good aspects of TR, but even slaves were given some creature comforts. As someone has commented above - being made redundant from TR at this point is like being rescued from the Titanic and given a big fat check for the privilege. Once TR realise this latest reorg and downsizing is a mistake, it will be too late and the company will sink. I've had some good times at TR, but I will be really really glad to get out.