Thread regarding Refinitiv layoffs

Layoffs start Oct 8 and run through Oct 16

Middle management is getting thrown out along with many front line workers. Best of luck to everyone impacted.

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| 4711 views | | 9 replies (last October 15, 2018) | Reply
Post ID: @OP+VpmsKFj

9 replies (most recent on top)

Redundancy timetable is country dependant.

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Post ID: @fwmo+VpmsKFj

The last chance to get laid off is tomorrow, right?

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Post ID: @fezc+VpmsKFj

Yes, J is Director level. K is Executive. There are then various sub bands within the GRF relating to pay, options, benefits etc.

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Post ID: @clnf+VpmsKFj

I am a J band and have not been let go...yet. No one is safe. The clock is ticking on all of ExCom, I can assure you. If there is no performance heads will roll at the highest levels.

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Post ID: @cddq+VpmsKFj

Role banding does not currently seem to have a direct correlation with severity of risk.

I know of a number of people let go at each of the GRF levels.

The more senior people know sooner because they are impacted by the higher level org announcements. Then it goes down from there to location announcements covering all levels.

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Post ID: @arba+VpmsKFj

where does this news put you on the mood elevator? Hopeful? Concerned?

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Post ID: @2ain+VpmsKFj

your manager can tell you. from what I know J band is usually director level.

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Post ID: @1jca+VpmsKFj

What are J bands? I assume it your level within the company. How can you tell what “band” you are?

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Post ID: @1vnr+VpmsKFj

seemed to correlate with the rumor I heard, that J bands are at high risks of being let go first..

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Post ID: @1nvv+VpmsKFj

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