Thread regarding Thomson Reuters layoffs

Older employees most at risk

The upcoming rounds will not be like anything we saw in the past. It will not be base on performance, but more likely time with the company and how much you earn. They will be looking to purge anyone that can be replaced by outsourcing or a recent graduate who will demand half of what current employees do.

This is so important to understand. Thomson Reuters is looking to make these cuts count in dollars. People who are on starting salaries will not save the company all that much. People who have been here for decades on the other hand, will.

I'm sure they'll add some newer folks to make sure they can't be sued for age discrimination, but the onus will be on older employees.

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| 3394 views | | 5 replies (last October 1, 2018) | Reply
Post ID: @OP+VdoDvSb

5 replies (most recent on top)

The 2016 layoffs was the same way: they looked at an org chart with salary + seniority and started at the top, sometimes cutting the one person who had been with a product for years. I heard the exercise was from HR and not the businesses (so don't blame your boss ... s/he has little choice in the matter).

And unless you can get hundreds of people organized to not accept severance packages, then there's no chance you'll get an age discrimination suit going. In 2016 the statistics were quite clear: they overwhelmingly cut people over 40. I forget the exact percentage, but it was high. But what are you going to do about it? You need a lawyer who's somehow going to publicize the case and let people know they can join the suit, etc.... There's just a slim chance it will ever happen. And in the US -- forget it. Never gonna happen.

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Post ID: @deft+VdoDvSb

I’m a SE at refinitiv, do I have any chance to get the package?

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Post ID: @5wss+VdoDvSb

https://www.bloomberg.com/amp/news/articles/2018-09-17/ibm-is-being-sued-for-age-discrimination-after-firing-thousands?__twitter_impression=true

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Post ID: @4iot+VdoDvSb

Sounds good to me. Payout + new job. Bring it on.

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Post ID: @4wvh+VdoDvSb

Is this in regards to TR or the new company Refinitiv?

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Post ID: @1ldx+VdoDvSb

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