Thread regarding Thomson Reuters layoffs

A guess at number of layoffs until 2021

When TR let 2000 headcount go in the last redundancies in Nov 2016, they took a $212 million severance charge - this can be found in the 4th quarter results.

Therefore taking the $500 million one of charge being forecast over the 3 years to 2021, we can make a guesstimate that they intend to let about 4500 headcount go over the next 3 years. 1100 in this first tranche (as per the 5% number given by David Craig), and another 3400 approx over a time range until 2021.

A 20% chop overall. New headcount across the cheaper regions could mitigate that.

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| 2916 views | | 3 replies (last October 6, 2018) | Reply
Post ID: @OP+VtDweQ3

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Problem also is that they can attribute layoffs to anything they want. I was previously let go for purposes that had zero to do with the Thomson buyout of Reuters, in fact, a few years later. When they laid me off, they added me to the people laid off due to the buyout list. So those numbers and reasons can be played with to help the company in whatever way and sometimes have nothing to do with what they attribute it to.

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Post ID: @2fcp+VtDweQ3

In Nov 2016 they announced 2,500 layoffs and eventually the final number was over 4,000.

That mean the high estimate could be in the range of 9 to 10k.

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Post ID: @1umw+VtDweQ3

Total was 450m, check Q1 2017

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Post ID: @zav+VtDweQ3

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