Thread regarding Thomson Reuters layoffs

Look, layoffs and re-orgs are an annual thing at TR

Take this with a pile of salt, but maybe it'll help.

Look, layoffs and re-orgs are an annual thing at TR, as the brass keeps changing its mind about where it wants to go. Right now the company is led by software fetishists who want TR to be a technology startup (content and expertise be damned). As I understand it, Bremner (and Waterloo) are where they have the teams they find most interesting and Bremner is probably what the previous poster was thinking of re the company making a significant investment in Toronto. So you're probably safest there, assuming you're on some tech dev team. But who knows. They could outsource your whole department to Eastern Europe next year. I'm told that's what happened to the devs who did software for internal systems.

My view is that the -teams- most at risk right now are the ones that don't fit into the new structure. In Toronto that's mostly legacy stuff from Carswell. To my knowledge, there's never been Carswell stuff at Bremner.

The -positions- most at risk are middle management, as the company leadership has declared war on org chart layers. To the extent that managers used to be promoted from below, that means we've lost a lot of institutional memory in the past year, as well as a lot of high salaries.

Even though this isn’t my original post but a reply on another thread by @YspFMeW-1gbr .

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| 2364 views | | 4 replies (last April 18, 2019) | Reply
Post ID: @OP+YvKl1IB

4 replies (most recent on top)

Laughed my butt off at “software fetishists”

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Post ID: @8zid+YvKl1IB

Been here like 15.5 years and seeing things like this happen almost every year or 2 years. I don't believe I know anyone else in this company now since they all got laid off, some just last year and most of them in 2017. I don't understand one thing is they buy companies and then lay the people off.

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Post ID: @5eud+YvKl1IB

Lots of functions are moving to India and Philippines. Anyway, I still believe TR is always one step behind.

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Post ID: @2ayk+YvKl1IB

TR is sending all the tech development work that they can over seas. The teams in the USA are a shell of what they use to be.

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Post ID: @1dsj+YvKl1IB

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