Thread regarding Thomson Reuters layoffs

If I’m reading this right, they’re not looking at cutting costs by a third, instead they are looking at cutting locations and layers by a third. Don’t know how they identify redundant management layers, but I expect all the VPs have been working on their org structures in the past couple weeks and we’ll find out soon. Maybe they’ll nuke some of the smaller non-hub locations. In an ideal world those folks could work elsewhere or telecommute, but who knows? Good luck to all!