Human Resources

Toggle

Article

Layoffs at Thomson Reuters confirmed



"The Asia Recruitment Award is the oscars of the recruitment industry. A display of the best of the best!"
Start your entries preparation early.
Open to both in-house recruitment & talent acquisition teams and recruitment solution providers.

Thomson Reuters carried out a round of layoffs last week within its Singapore operations, as part of a global move to manage costs.

While the number of staff affected both locally and globally has not been confirmed, Human Resources understands the layoffs involved the editorial, training and sales divisions.

Reuters’ Singapore office refused to comment when contacted this morning, but a number of editorial and sales employees within the company have confirmed some local staff have been affected.

Barb Burg, vice president and global head of communications at Reuters, told Talking Biz News the restructuring was in line with the company’s “need to simplify and ensure we have the skills and expertise within our organisation… [to] continue to contribute maximum value to the business and our customers”.

US sources speaking to Talking Biz News said editorial staff who were laid off were those who received a rating of four of five in their annual review (a score of three onwards is ‘achieved’).

HR Vendors of the Year Awards is back again for its 5th year with a fascinating gala night to celebrate the best HR vendors in Hong Kong. Winning is both an affirmation of the exceptional quality of your work in the industry and among peers. Enter Awards now
Contact us now for more details.

Read More News

Trending

Leave a Reply

You must be logged in to post a comment.