Thread regarding Refinitiv layoffs

Cutting expensive people

Refinitiv is in debt so much, the only way to save money is to cut expensive people (you know, the people who can do twice the work at 3 times the quality in half the time?), consolidate, go into maintenance mode and make it look like they are at the edge of technology for the customers. Just keep your focus on the customers.... until you aren't needed. Out with the old, in with the new.

Remember that severance package people got?? In 9 months, that might not even be there. Unfortunately, I didn't get the golden ticket :*(

Liked this post. The OP (@VPwlkb7-lxq ) pointed out precisely the typical way of cutting workers at Refinitiv. The only problem with this “ out with the old, in with the new” strategy is that the expenses are the ones who do the best work and have the most knowledge.

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| 2131 views | | 2 replies (last October 29, 2018) | Reply
Post ID: @OP+VPzFejz

2 replies (most recent on top)

Its and buts....

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Post ID: @3haw+VPzFejz

Yes, Refinitiv is in debt so much... but do not forget who put this company more than profitable in this situation.

After denying the rumor, David Craig confirmed that Refinitiv considering Tradeweb IPO (estimated tomore than $4 billion).

I will not be surprised that Bloomberg's announces about the sale of FXAll (a deal that could fetch more than $3 billion) and International Financing Review media division are confirmed.

Bloomberg said the new owners have also been considering the sale of its FXAll currency trading platform in a deal that could fetch more than $3 billion

So yes, Blackstone invested $4 billion, but they will return in their expenses by the end of 2018 whereas Refinitiv will be at risk for years before finding the margins before the deal.

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Post ID: @2aei+VPzFejz

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