In the Eagan HR office, there are signs on all the conference rooms reserving them Nov 12-16. Could be next wave
Any chance we can get more info on this? Also, is this exclusive to Eagan or have people noticed a similar thing happening elsewhere?
This constant anticipation is really stressful...
Managers the word early. The people getting whacked next week have no idea they will be getting “displaced.” I went through it several years ago and it’s not fun. If you work at TR you better understand this is the way it works and if you don’t like it then TR is not the place for you.
Are the layoffs that will be announced next week additional to the ones already communicated? Nov 13 is the last day for a very large group of middle execs who got notices two weeks ago. Are we expecting a new crop of notifications and site closures? What did you mean?
TORONTO — Thomson Reuters Corp. plans to shrink the number of management layers and real estate offices at the organization by one-third as it also eyes “fewer, larger acquisitions.”
With the sale of a majority stake in its Financial & Risk unit — which included its financial terminal business — to the Blackstone investment group completed last month, there is “an opportunity to fundamentally reset the organization,” said its chief executive Jim Smith.
This repositioning includes a “flatter organization” for the news and information provider as it moves to drive revenue growth organically and via acquisitions, he told analysts on Tuesday.
https://business.financialpost.com/telecom/media/thomson-reuters-reports-q3-profit-down-from-year-ago-revenue-edges-higher
Management layoffs, site closures and more outsourcing will be announced next week. TR wide. It's big. Get ready already.
This is sounding like the Jim Smith stepping down on Oct 1 thread that amounted to NOTHING...
Nice.
I work in Eagan and decided to take a stroll through the HR area (the purple doors on D3 is what I assume you mean). From what I could see, and I walked all of what I'd call HR, ALL those conference rooms amounted to one room that had a sign on it. The room holds 2 people comfortably.
Just read figures and only upside seemed to be F&R .
Maybe I don’t understand the numbers, but looked grim.
Also to me when a company spends most of proceeds from sale buying back shares rather than growing business ,it seems to have run out of ideas.
q3 result is out , does not look to me
Expecting more lay off by end of this month
Open Enrollment ends this friday i believe so if its next week it is something else. besides when has any of the leaders been concerned enough to schedule meetings over the enrollment of health plans.
"Open Enrollment" usually happens in November when companies (not just TR) allow employees to switch insurance plans, etc.
Nothing to do with layoffs.
What is open enrollment? Many leaders in Eagan this week. Something is up.
Is it maybe for Open Enrollment?