Thread regarding Thomson Reuters layoffs

Really a bad thing?

TR is full of people who have not worked anywhere else in their career. They have to their credit done lots of different jobs during their tenure and got to where they are HOWEVER have no experience of working in other companies. It’s a shame because when they get laid off they struggle to find jobs. Employers value broad, multi company experience. They want to know you can work in a changing environment. Your experience is only valuable if it has currency in the external world. I hope that people realise we are in a dynamic world where business and economies shift fast and companies like TR have to adapt. That means sometimes laying off staff ( and quite often very good staff). If I owned TR I’d cut 20% of the workforce, it’d run much better. There is so much fat on the bones. This is a great business, with great product and great people but they sadly just don’t need all the people they have. That isn’t a crime, that is perfectly normal in the world of business. This is one of many wake up calls that are needed to jolt this lazy fat a-- organisation off the sofa and onto the racing track competing in the real world. Get your gym shoes on, and welcome to the shift from lazy a-- family owned business to the brutal reality of private equity.

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| 2271 views | | 8 replies (last October 19, 2018) | Reply
Post ID: @OP+VIjvvb0

8 replies (most recent on top)

I agree. I worked for TR from 2013 to 2016, they need to change the blood. Dom managers never worked in different company!!

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Post ID: @nqz+VIjvvb0

Agree with everything op says, except that TR products are any good.

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Post ID: @rdp+VIjvvb0

@VIjvvb0-ivz I have just joined 2 months ago, not going anywhere :)

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Post ID: @ttk+VIjvvb0

So how do explain they are laying off people but release lots of head count on the new website?

piece of s--t

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Post ID: @zps+VIjvvb0

"There is so much fat on the bones" dont know where you work but all I have seen is teh company being flayed to the bones

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Post ID: @xca+VIjvvb0

Totally agree, we have too much fat and would add that lots of LT needs to change too and adapt more agile and advanced technologies to face challenges ahead!

That said, I doubt BS is after doing that, they just wanna cut cost and spin it off asap!

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Post ID: @xsp+VIjvvb0

What a bell end

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Post ID: @wxd+VIjvvb0

Wow I hope you get to hang on to your position. But perhaps you should just leave and find another job so that you can add that experience to your toolbox. Error number one you are concerned about things that are none of your business.

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Post ID: @ivz+VIjvvb0

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