There is no method to the madness

Thread regarding Thomson Reuters layoffs

I don't know of any official dates (not that I would've been privy to such, anyway), but if anything it would only be the end of "phase one". There are sure to be many more rounds I'm afraid. I can't see any good reason why there wouldn't be even more cuts in Q1 and throughout 2019.

If there was a method to the madness we've seen the past two weeks maybe I'd think differently, but the truth is, any real strategic thinking/business management (for short medium OR long term) is clearly not what's at play here.

Posted by @VFKmZTK-myd on a different thread. Think that OP is right and that there is nothing that can prevent the management from cutting more workers in 2019. I also doubt that there will be any system or logic to it like there wasn't in this round of cuts. The way that business is done at TR, at some point we just have to accept that uncertainty is a component of our jobs. Sad but true

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I think that there is evidence of logic in this round. Entire sites where staff were comparatively expensive are gone or hugely reduced.

Some individuals who haven’t done enough to justify large salaries for years are being made redundant. I wish the company wouldn’t do this - the atmosphere has been grim for weeks, but this is all private equity 101. Cost Saving.

And the original post is right that this obviously isn’t the end of it. Round 1: existing senior management, who know where easiest cuts can be made. We may see another round with same senior team, but soon enough they’ll all be replaced, and the new team will find more places to cut. One-off costs paid, salaries reduced, and before the income has a chance to follow the quality on any downward curve, sell the company with an optimised profit/earnings ratio.

You could post this on basically any PE buyout layoff board.

Thread regarding Thomson Reuters layoffs

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