Thread regarding Thomson Reuters layoffs

The board is basically dissolving the enterprise

14 years ago, we were high on the idea that Learning, S&H, Finance and Legal (which included Tax at the time), had massive synergies across the multiple markets, and the combination of these assets would become an immutable force in the knowledge worker marketplace.

Fast forward, and it's being sold for parts. I wonder how much of this dissolution has to do with political issues around TRGR's tax avoidance scheme (which was in full operation prior to the Reuters acquisition). Maybe this is the Thomson's way of stonewalling the IRS. The move to Toronto was part of that too, I imagine.

Well, Lord Thomson will still be able to afford race cars and art...which is all that really matters, eh?

Great point from @Wn94Oq4-1tha.

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| 1963 views | | 1 reply (December 2, 2018) | Reply
Post ID: @OP+WonRgOk

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I was just taking about this with a colleague on Friday. I'm in a geography with a lot of corporates that are very active in the r&d space. One of the things I was excited about as a Reuters employee when we were acquired by Thomson was the possibility of providing cohesive TR solution packages to clients. I beat that drum for a few years in vain (I'm not directly in sales). No one gave a single solitary c-ap. Then they came up with that project Geneva where they picked a bunch of by and large irrelevant clients. It's been a frustrating ride when you think of all the things we could have done. And I think that's the saddest part. We could have done so much more with the assets we had, but the company NEVER had proper leadership or vision. It's been a colossal waste.

The Thomsons have the Reuters trophy on their wall now, and the rest of us are just sh-- out of luck.

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Post ID: @2liq+WonRgOk

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