Topics regarding layoffs at Thomson Reuters

Topics regarding layoffs at Thomson Reuters

Cut at the top first

When will we start cutting the people at the top ? those people who need to take some accountability for where this company is. Too many are more interested in promoting themselves on social media (they know who they are) and hopping around the world... — read more 

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| 1810 views | | 5 replies (last December 5, 2018)
Post ID: @OP+WtsXKsI

Why Good Employee Leave? (Source: David W Richard)

A study came up with the surprising finding: If you're loosing good people, look to their immediate supervisors. More than any other single reason, he is the reason people stay and thrive in organization. And he's the reason why they quit, talking... — read more 

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| 1370 views | | 2 replies (last December 6, 2018)
Post ID: @OP+WtHWGiF

3,200 job cuts by 2020

This nightmare is not gonna end soon. https://www.bloomberg.com/news/articles/2018-12-04/thomson-reuters-confirms-about-3-200-job-cuts-by-2020

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| 4240 views | | 20 replies (last December 5, 2018)
Post ID: @OP+WsT2IxQ

Layoffs continuing today?

From what I'm gathering, this week is going to be bad. The only location that was hit so far yesterday was Eagan, but we can expect more to be hit throughout the week, including today, right? In that case, any ideas on what else is about to be hit?... — read more 

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| 3640 views | | 7 replies (last December 5, 2018)
Post ID: @OP+Ws7btOP

Rick King cashes in

Rick King, mastermind behind this latest dismantling of Thomson Reuters, has sold some/all of his TR stock for 1.7 million Canadian... — read more 

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| 4250 views | | 6 replies (last December 4, 2018)
Post ID: @OP+Wq1QkPq

Where is the CEO?

Where is the CEO in all of this? We hear from the COOs — a video here and a post there— but the CEO has been fairly absent in internal communications over the last few months. Also, it doesn’t feel like there is anyone leading the Legal Business and... — read more 

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| 3280 views | | 6 replies (last December 5, 2018)
Post ID: @OP+WpR0lf4

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... — read more 

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| 1960 views | | 1 reply (December 2, 2018)
Post ID: @OP+WonRgOk

The Last 30 Days.....

So, this is what the media/government calls a "Booming, Best Ever Economy in America!" Layoffs ONLY IN THE LAST 30 DAYS, and for every layoff reported publicly, at least 10 happen quietly or without media attention. Major layoffs have been going on... — read more 

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| 2630 views | | 7 replies (last December 3, 2018)
Post ID: @OP+Wo81nMN

TR going down the drain.

Even long time successful parts of the TR corporation are in danger of going down the tubes thanks to this terrible handling of this re-org. "New TR" must mean "NO TR". Seems everyone I talk to now in the office has no idea why things are being done... — read more 

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| 3120 views | | 4 replies (last December 1, 2018)
Post ID: @OP+Wn94Oq4

Their sneaky way

I don’t know how others feel but walking into Kennedy office each morning is getting harder and harder. Stressful!! We have no idea who has been let go or even the number of people. I get the feeling they don’t want the public to know. Might look bad... — read more 

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| 1810 views | | 3 replies (last December 13, 2018)
Post ID: @OP+WnMQIhg

Dancing to the beat of the drum

I imagine HR is under a lot of stress and pressure too, and I don't think they're in control of any of the timelines, which are being dictated by senior execs in Eagan and consultants elsewhere. In an ideal world the layoffs would happen all at once... — read more 

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| 1840 views | | 3 replies (last November 30, 2018)
Post ID: @OP+Wne6Vx6

So much this!

I hope @WnuWxRN-esd doesn't mind me reposting this, but this is exactly how I feel. I don’t know how others feel but walking into Kennedy office each morning is getting harder and harder. Stressful!! We have no idea who has been let go or even the... — read more 

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| 1670 views | | 8 replies (last November 30, 2018)
Post ID: @OP+Wnau5t8

Just when I think we are done

Just when I think we are done, I hear about another place being hit with layoffs. I'm now at a point where I'm mentally preparing myself for everyday layoffs being a part of our reality for good. I think it's really sad that this is how low the... — read more 

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| 1631 views | | 2 replies (last November 29, 2018)
Post ID: @OP+WnooIC5

Layoffs announced in Canada Scarborough office

Almost 80% IT staff has been told that their last day is Mar31 except for those who will be employed by TCS. They are showing this as a favor that enough notice is given but actually all this is being done to give enough time for transition to an... — read more 

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| 2530 views | | 12 replies (last December 1, 2018)
Post ID: @OP+WnuWxRN

Transfer of Tax to Texas

A while back, there was a rumor that TR planned to move all NY tax editorial work to Texas. Instead, TR moved its NYC tax editors from to Hoboken. When is lease up in Hoboken?

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| 1570 views | | 7 replies (last November 30, 2018)
Post ID: @OP+Wnfl7cn

TR announces share consolidation

As the article states Thomson Reuters announced the consolidation of its shares at a rate of 1 pre-consolidation share for 0.9079 post-consolidation share. with this move, TR plans to achieve a return of capital in the amount of $2.3 billion. The... — read more 

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| 1260 views | | 1 reply (November 28, 2018)
Post ID: @OP+Wm3WKR6

Unethical/illegal activity at TR?

Knowledge of fraudulent accounting practices. Post what you know or heard about unethical and/or illegal activities taking place at TR by management.

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| 2990 views | | 16 replies (last December 3, 2018)
Post ID: @OP+WmQhryX

"No Raises Next Year"

Anyone who thinks worst case scenario is "No raises" is in their own little world of make believe. Here's reality Dorothy, many of you will be very lucky if you make It through 2019 with a job, nevermind a raise. How can anyone watch the bloodbath at... — read more 

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| 2740 views | | 7 replies (last November 29, 2018)
Post ID: @OP+WmYgROt

Numbers laid off?

So how many Thomson Reuters employees so far have been sacked in the recent purge?

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| 2250 views | | 4 replies (last November 29, 2018)
Post ID: @OP+WmrPMgO

When will it end?

It might be nice to have some non-vague communication. Of course, TR is what it is, and why it is where it is.

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| 1860 views | | 4 replies (last November 28, 2018)
Post ID: @OP+WlBd9Zn

Sounds familiar?

Found on another page, but I had to share. I think everybody will realize why by the end of it. A Japanese company and a North American company decided to have a canoe race on the St. Lawrence River. Both teams practiced long and hard to reach their... — read more 

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| 2290 views | | 9 replies (last November 29, 2018)
Post ID: @OP+Wl8N5So

Corporates dept is big s--- up to accounting firms

Company has grown a certified implementer program where they promote accounting firms. There's some good people in this group at TR who also add value, but there's a lot that are nothing more than glorified butt kissers. This is one of the many... — read more 

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| 1442 views | | 2 replies (last November 27, 2018)
Post ID: @OP+WliVS2x

Lausanne Billing office hit badly

Switzerland: ~110 employees out of 180 to leave the office in Lausanne by May 19. That’s where the billing is done. Even though it was a Refinitiv place, they are under TSA for 2 years. Yeah, TR transferred all its European billing to Refin., then... — read more 

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| 1470 views | | 3 replies (last November 28, 2018)
Post ID: @OP+Wl4MApT

The possible outcomes

Seeing the playbook TR has followed for years it is more likely it sells something like LMS, Findlaw, Print, TRSS, Clear or any other easy carve out operation to a strategic (Big 4 / Lexis). The sale of a large BU (Healthcare, IP&S, F&R, etc.) would... — read more 

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| 2390 views | | 6 replies (last November 27, 2018)
Post ID: @OP+Wkcc23J

The cuts in Canada are not over

Tax Canada is done, apparently next week we hear is Marketing Canada next week and Media and then Sales in Jan 2019. Tax Canada was hit pretty hard , one person could have been let go and they would have been fine but four gone is too many, people... — read more 

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| 2040 views | | 6 replies (last November 28, 2018)
Post ID: @OP+WiiH2QL

Here’s what will happen to the Rochester property

Thought this was an interesting article. Now that it’s clear that the Rochester office will be definitely shut down in September, this article sums up the possibilities of what will happen to the vacant property in Rochester, after the office space... — read more 

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| 1522 views | | no replies yet
Post ID: @OP+Wg5whIr

Our customer-centric organization

Did you know that the new Thomson Reuters will be so customer-centered that the customers are going to have to do everything themselves while paying a premium? By the time the bleeding stops, there will be no one left who knows product and process!

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| 1700 views | | 2 replies (last November 22, 2018)
Post ID: @OP+Wgxgg2d

What's there to be thankful for?

Thomson Reuters really killed any enjoyment I might have gotten from this Thanksgiving. I can't just stop stressing on command. I hate that this is affecting me so much that it will ruin one of my favorite holidays for me, but I just can't escape it... — read more 

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| 2450 views | | 8 replies (last November 28, 2018)
Post ID: @OP+Wfj3xVT

Change is a constant

Thomson Reuters just tweeted this out 10 minutes ago: Change in the workplace is a constant, learn to use it as an opportunity to benefit yourself and your organization or get run over by it. https://tmsnrt.rs/2AcqEOu

Lay off In TaxCanada

4 people laid off in ax Canada 3 visible minorities and 1 whit person, that leaves 1 visible minority in the department - you could talk about Diversity all day but in the end minorities are the ones to go first because all of the... — read more 

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| 1870 views | | 10 replies (last November 22, 2018)
Post ID: @OP+Wes6FZJ

304 employees to be affected by the Rochester Layoffs

In a notice that was filed with the New York State Labour Department the company formally stated that 304 employees are going to be laid off. Can we take these numbers as final, given that they were mentioned in an official filing, or can we expect... — read more 

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| 1543 views | | 2 replies (last November 21, 2018)
Post ID: @OP+We6N5wH

Corporate all hands

Head of corporate P iotr holding all hands call now. Why does he say “listen” in a condescending tone so much.

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| 3050 views | | 14 replies (last November 22, 2018)
Post ID: @OP+WeLdnyI

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