Thread regarding Thomson Reuters layoffs

Thomson Reuters CTO Outlines Office Closures - All Smaller Offices Closing

CTO Bruce Gorter was at meeting in Rochester today. He said Rochester was the first office to be notified of a complete closure and said he was precluded from giving a list of closures. But he did say that ONLY offices LARGER than Rochester (500 employees) would remain open and he listed those (above). ALL other locations involved with TECH were being notified one by one this week of imminent closure. An all-hands meeting on Monday will announce any closures not already discussed over the course of this week. He noted most people do not yet know their offices are closing.

In short, if you work in an office with fewer than 500 people, are involved in any aspect of tech operations, and are not working in one of the five cities mentioned previously, your office is being notified between today and Friday it is closing permanently. There are NO exceptions. So, for example, if Hoboken is involved in tech, it is closing. About 1-5% of workers will be offered telecommuting positions temporarily. All others are going.

They have professionally printed their separation packages with nice folders... in the THOUSANDS. There were prior layoffs, mostly involving middle management, scheduled before this series and those are continuing as normal. This current round is to deal with permanent office closures.

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| 4692 views | | 10 replies (last November 14, 2018) | Reply
Post ID: @OP+W7VYIGE

10 replies (most recent on top)

Shut up about the politics, you stupid people. There are more important things to talk about right now than that nonsense.

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Post ID: @1hvr+W7VYIGE

Wow, seems like this is the thread where the a**hole decided to show up and berate people. Yeah, I met this guy when I was at TR too.... Good luck everyone.

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Post ID: @1jzl+W7VYIGE

Not that it matters, but I voted for Trump.

I’m pretty proficient at Macroeconomics since I studied under one of Milton Friedman’s protégés.

There’s a lot of fat at TR, but you need to go in with a scalpel not a sledgehammer.

You should have taken some liberal arts courses, you would learned grammar/punctuation/cogency.

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Post ID: @1yil+W7VYIGE

A) stop bashing trump. This has nothing to donwith that, and your smug arrogant attitude shows. B) you r----ds will last about a month at Amazon. C) if you were so smart, you would have known you were working in a company that has way too many people, and way too poor products. However since you are clearly a liberal with TDS, it makes sense that you lack logic, any sense of economics, or knowledge of how business works.

Yeah hillary wouldn have saved you...

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Post ID: @1sbi+W7VYIGE

The landscape would have been the same under Hillary. Not Trump blaming. Just pointing out he ran under the banner of economic nationalism.

Let’s get this back to sharing information of Thomson Reuters layoffs.

Be here now.

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Post ID: @1csk+W7VYIGE

Classic comment blaming Trump. Wow.

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Post ID: @1apm+W7VYIGE

In 2014, Thomson Reuters had 183 employees in the Penthouse floor of the Hoboken office. They agreed to move 450 from NYC in exchange for a $26 million tax break. After lay-offs, I’m not sure if Hoboken has over 500 employees.

I hope NJ has a clawback provision if the Hoboken office is closed. On the bigger scale, this is what happened with Amazon and NoVa and NYC. Politicians extending tax breaks to companies that lay us off, outsource us and close local businesses. Cities fighting each other to entice corporations, eroding the tax base in the process. It’s a net loss for the country. And this is why Trump got elected. He told us plainly how dumb the system is. Of course, voters overlooked the fact that he was too dumb, undisciplined, unserious to actually change anything.

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Post ID: @1ifg+W7VYIGE

Guess we will know by Monday

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Post ID: @jwq+W7VYIGE

Not true that there are no exceptions. And NOTHING was said about a percentage of people being offered to telecommute at the sites closing. Much of what you are saying was NOT said and you have miscommunicated some of what was said. I know I was there.

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Post ID: @sfv+W7VYIGE

how classy to handle it like this glad we get to find out second hand

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Post ID: @lsk+W7VYIGE

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