As this is the New Hub , can I announce ‘World Networking Day’. You need to ‘reach out ‘ and ‘touchbase’ With 5 complete strangers in other business areas. Tell them who you are and let them ask why the F you are calling them like some 9 year old... — read more
Tribune de Genève
Hi. My name is Emmanuelle and I am a journalist at the Tribune de Genève.I am trying to get more information on what is happening at the Refinitiv geneva site and the current situation there. Testimony can be done anonymously and I do not have to... — read more
How it is now, and how it was up until now; a timeline.
I am an ex-Reuters staff member (25+ years) and I am currently employed by Refinitiv. My role has been confirmed as safe. However, I cannot stop thinking about how what has happened has happened in such a short space of time i.e. 10 years. It... — read more
Microsoft deal, will that settle down employee "slaying"?
https://www.htxt.co.za/2018/10/16/microsoft-is-integrating-financial-data-from-refinitiv-into-excel/
Geneva info
Seems like the new corporate organization foresee the move of support functions (help desk and customer admin) to “cheaper” locations. So not only FTE but also contractors working in those depts - 30% in CustAdmin - will be affected. We will know... — read more
What about technology ?
It seems tech teams are not yet affected in the current layoffs wave. J. Finch said that it will happen in the coming weeks or months, promising to be as quick as possible. If you have any insights or useful information please share.
Is October 31 really the end?
Is it true that October 31 is when this whole layoffs-palooza will finally come to an end? It will be a nightmare waiting for the next two weeks to pass, but at least there is something to look forward to if this turns out to be true. I'll take two... — read more
London show time...
Meeting today, small team, 4 out, 2 remains...
How on Earth is Refinitiv worth 17B?
This is some really weird sh-- and not enough articles are shedding light on this, and since this is the honest hub I would like to know your thoughts on this! Market Cap of all of TR is 25B as of last year. F&R contributes 54% of TR revenue, hence... — read more
How are we expected to continue?
We have lost a third of our team and from what I'm seeing we are expected to provide the same output as we did prior to layoffs. How in the world do they expect us to achieve that and still actually go home occasionally? Who is the genius who thought... — read more
Zurich 15 out of 49
will be fun for the remaining ones...First time I'm thinking you are better off if it hits you, than remaining!
London TAMS
Do we know what happened with the meeting that the TAMS had yesterday in London?
FXall to be sold soon!
Could be as early as next month for around $3B! Heard it from senior FXall managers who are helping with the sale. BS is not wasting time selling valuable assets then whatever left from Refinitiv. It’s clear that this is not a long term play but... — read more
Syd is getting the chop
Bcp underway. Assuming is HD and OMS getting the chop
TR (not refinitiv) 2018 and beyond
Any thoughts on TR layoffs (not refinitiv)? Any insight into the longer term plans? Are they setting up to make it easy to sell the remaining parts (Legal, Corp, Tax) and get back to where it all started in news?
Is this the new Hub?
We outsourced it to this place? Another management stroke of genius! So excited! Remember to pledge before you go!! #BeSociopathic #FasterThanTheSpeedOfLayoffs Question. As Hub is quieter than an Eikon sales hotline, should I post here about how I... — read more
The Layoffs is blocked on TR/Refinitv IP addresses
While we get news of the bloodbath everywhere in the world, some people have apparently the time to block access to that page if you are trying to connect with an Refinitv or TR IP address. Use an Incognito or a VPN. Nice move btw...
120 in Geneva
Customer admin and Helpdesk hit
When will this end?
How many more days/weeks/months of this do we have to look forward to?
Lions led by donkeys
ELT still in hiding. Over the top boys! We've secured our own futures and will gleefully watch yours be cut down from the quilted comfort of our executive armchairs. When the gunfire subsides, the bodies counted and the hundreds of families ruined... — read more
Difference in severance
Out of curiosity, does somebody from Europe mind telling us what kind of severance packages are being offered to people laid off there? I've heard we don't even come close to what people overseas receive, but I'm having trouble believing that the... — read more
Cyprus is closing..
I was just informed that Cyprus office will be closed March 2019. Also Gdynia and Geneva helpdesk is gone... any news for sales?
the hit in Cyprus-20
20 of help desk staff were made redundant till March 2019.
Anything in the US today?
Are we expecting any cuts here today? I see Australia has already been hit and Europe is currently going through some RIFs, but does anybody know what we are looking at once we get to the office? I'm starting to feel like this will never end, every... — read more
UK TAMs (9am Today), EMEA news (this week).....Switzerland, Poland...
5% - representing 1,100 headcount to relief. Wrexham, UK and USA still far away from the figure needed. Moreover, for god sake LT will deliver at least 15% addition than forecasted (perhaps seek 20% to keep them away from chopping board). Collective... — read more
SYDNEY today
approx a dozen gone today. Some insensitive actions towards a couple. No moral intelligence shown. I can't see how the newco will be better. I wish those affected all the best. In a way they are better off being out of all of this.
US Legal Impact
What are people in US legal hearing? Seems like we're heading towards layoffs as well but no one seems to know anything, which is causing even more uncertainty and anxiety.
Did you know: there is a board JUST for Refinitiv
https://www.thelayoff.com/refinitiv So stop posting about it here.
My Pledge thingy is VERY cringy!
A colleague of mine who pledged the following: “I’ll work harder, the startup way!” and was all over the celebrations and all excited... just found out today that he was let go! Who’s the mo--n who thought it was a good idea to manipulate these poor... — read more
History of Thomson Reuters (now Refinitiv)
In the 2000s, TR execs decided to start acquiring small successful companies and integrate these companies into their existing products. These execs had no actual plan on how to do so. They started buying more and more companies hoping that one of... — read more
Stealth Layoffs Going On Everywhere the Past Year Or So
While the media and corporations inundate the public with "Greatest Economy EVER!!" stories, the reality is quite the opposite. Layoffs are rampant, but purposefully, intentionally hidden and covered up with a myriad of tactics. Everything from... — read more
A useful tip when signing the redundancy document?
Thinking about someone who posted earlier here saying they wished their partner gets the boot now as the packages later will be less. They will always pay the obsolute legal minimum (as they can't take any risk) everywhere. If you manage to get more... — read more
Outsourcing - stealth layoffs without much publicity
This has been going for a while and without much publicity. Just google Tech Mahindra, Tata, Epam, IBM, infosys and TR "strategic partnership" The way it goes: one of the above firms wins the bid (last news were TM and TATA), then TR does a stealth... — read more
This time it’s not just about the headcount
Manager here too, no view of this. All agreed much further up. I know Blackstone have been reviewing the different parts of the business in huge detail since March-April-May as I know people who presented to them. I take a different view from most... — read more
Lack of leadership integrity
Hey LT guys - if you're serious about cost cutting, and cost cutting is necessary, take salary cuts yourselves to contribute to the bottom line. Do any of you have the guts to raise your hand and say, "Refinitiv can operate more efficiently by... — read more
Possible to put myself on the lay-off list?
Any realistic ideas?
Small and profitable business: Tradeweb, FXall, REDI, EJV, Pricing partner, Starmine, etc.
In 2019 it will not just about same old boring RIF exercise . It will be looked even more closely and holistically by black stone so that refinitiv business could be sold in pieces and it will eventually up to the acquirer for that business to decide... — read more