Thread regarding Thomson Reuters layoffs

There is life after TR!

If you get the opportunity to take a decent package, see it as a positive and move on. There is life after TR.

The time it takes to get a new role (I can only speak fro London) will depend on various factors (e.g. Seniority and specialisations and whether you decide to go perm or contract etc). On average it takes between 6-12 weeks to secure a perm role. This is the same advice the management/displacement companies like Right Management etc will tell you, which you will be given access to.

Most of this time is spent building up relationships with agencies and getting your CV out there in the right circles. Dealing with recruitment agencies will be painful. Some are good but there are a lot of very poor ones out there. Be prepared for calls not being returned, CV's and applications not being acknowledged. Don't take it personally, just move on.

My recommendation if you think you are at risk are (and this may sound obvious but many will not have done it) :

  1. Get CV updated - and be prepared to adapt it for the role. Carpet bombing your CV to companies does not work. Tailor the CV to the role.

  2. Add CV to a few sites - e.g. Jobserve, CV Library etc. It will open a few doors with agencies.

  3. Absolute must- update Linked in. Agencies and employers look at this to validate info and search for candidates who have indicated they are available. Turn your lined in status to 'available'

  4. Approach some recommended agencies that specialise in your area and start building a relationship. The good ones will want to meet with you before putting your forward for interview,

  5. Decide what roles you are going for - permie or contract. This will help when you engage with the agencies.

  6. Start preparing for interviews. Practice for potential questions , so you have rehearsed responses- especially the ones you know that you are going to get - e.g. tell me about yourself ? You will be amazed how many people I interviewed and floundered when asked this basic question. Many of you will not have had an interview in years !! Techniques change - be prepared.

It will take 3-4 weeks for this all to kick in, so start now.

Finally don't panic. I know some that took 6-9 months to get the right role, but are more happier now.

Good luck !

by
| 2921 views | | 5 replies (last October 11, 2018) | Reply
Post ID: @OP+VAtp1Mm

5 replies (most recent on top)

You are 58... so young in modern ages. You are skilled more than you think and you are not outdated. Think large in term of opportunities. You have a trained brain with a lot of values. Feel confident about yourself and feel young. I am your age and feel good. I go to the gym almost every day, do not feel different from 30 years ago (I never blamed age, we always had pains, right?). Be just genuine, that's the key. It is also all about aptitudes (which you must have) and attitude. So get the right attitude.

by
| | Reply
Post ID: @dgw+VAtp1Mm

Its normal to feel desperate. You must find ways to stay positive. Ive been laid off several times and it always feels like the end

by
| | Reply
Post ID: @dvk+VAtp1Mm

@fhi

Unfortunately i don’t think lots hire at this age!

My advice to you is to buy a bitcoin and hold on to it for the next 10 years, invest in some stocks you think will really pop!

Startup a business you are really passionate about. Colonel sanders started kfc in his sixties, it is never too late!

by
| | Reply
Post ID: @hyn+VAtp1Mm

i am 58, my skill set is outdated and i am the product specialist that only know the specific product i am responsible for.

i feel desperate and i dont think i can find a job any time soon.

by
| | Reply
Post ID: @fhi+VAtp1Mm

The productivity now is worst people takes many leaves and some technology that is using now are not catch up with the market. Some team and some head(fake) don't have any idea what the heck there doing about. I could define in one word "zombanization"

15 years Ago this company is one of the top notch is many aspect pay, travel,tech,training etc but now so many start up Fintech is catching up. I think for software engineer this is a big plus the strategy is to wait for a package then go into the shortage SE market or can take a nice vacation But for some role like specialist in TR component or Tech Support it is going to be a winter time

Now I could pick up some unusual activity such as large room booking. Sr management take continuous leave run down asset is consolidate. Some seat position shuffle and definitely there is going to be a laid off. Black stone is not a charity organization

by
| | Reply
Post ID: @fmg+VAtp1Mm

Post a reply

: