Thomson Reuters Reviews in New York City, NY Area

Pros

good life work balance, colleague are nice and friendly to work with

Cons

salary is below the market rate

Advice to Senior Management

give reward to employee. cut the middle management

Pros

work life balance, wide range of products and business

Cons

terrible culture, products on the decline, lack of execution.

Advice to Senior Management

sacrifice revenue in return for market share

Pros

Good company for resent college graduates, no pressure environment, casual atmosphere.

Cons

It is became hard to get anything done due to constantly changed environment
and miscommunication between multiple parties

Advice to Senior Management

If I were in position of leadership, I would started to hire top software engineers
and reduced repetitive managers' positions.
The company would get 300% more in return with less amount of developers.
I understand and appreciate freedom and democracy in the working environment,
but a little bit of order and discipline would be helpful.

Pros

Good Benfits, Nice work enviroment, Smart talented people,

Cons

They are always reducing staff clockwork November, December and March of every year.

Advice to Senior Management

Poor stradegy and poor product investments. Eikon product is terrible customers don't like should push Thomson One instead of ex- reuters products which are just terrible, ,to install , support and run.

Pros

- Good working environment
- Salary & benefits OK but not great

Cons

-Senior management is not on the same page as the rest of the organization
- Middle management wears rose colored sun glasses, manages upwards and drinks too much of the Kool Aid
- Churns out too many new products rather than fixing what is broken

Advice to Senior Management

Practice what you preach and listen to what the customers are saying. Fix what is broken and stop trying to cram new products down client's throats. Retain and reward loyal, knowledgeable employees and stop the semi-annual reorgs.

Pros

- nice people all around. IT, Operations, Business, Finance and even HR.
- nice work-life balance
- decent, if not great, bonus if you are in the middle rank

Cons

- slow moving business managers
- takes for ever to make decisions
- absolutely no advancement opportunities, unless your boss retires, leaves the company or moves up
- extremely low-technology company working in a high tech financial world. Seriously. Everything is so old and they are so penny pinching.
- If you are looking for training or reward for a project well done or anything like that, you can forget about it. May be they would give you a $100 gift coupon for a project well done, if you are lucky.
- Many of the senior level folks waste lot of money on unnecessary projects that don't serve the strategic purposes.
- I have said this before. Many of the senior level managers lack basic business skills (strategic thinking, financial acumen, etc.) as well as knowledge in current technological trends.

Advice to Senior Management

- Cut the fat in London teams. So bureaucratic and process oriented. They hinder any meaningful work being done.
- provide a clear path for advancement opportunities. Otherwise good people will leave when the market picks up.
- Giving 1/2% or 1% salary raise every year demoralizes people. Shows the company is cheap.
- Fire the bosses who tell their employees that employees should be glad that they have a job.

Pros

Thomson Reuters has a strong brand, an interesting product portfolio, a very international operation and its workforce is diverse. Pay is ok considering the hours worked.

Cons

The company has failed to deliver after the merger, when the top management has been completely disconnected and living in its bubble for many years. Strategy and priorities have been revisited every six months, creating chaos and demotivating the best elements.

Advice to Senior Management

bring foundational stability, respect the international and diverse roots of the company and focus on product, product and product instead of grandiose marketing speeches. Competition is gaining ground solely based on better products.

Pros

Interaction with co-workers is excellent

Cons

still undergoing major changes due to merger

Advice to Senior Management

Become 1 company

Pros

Benefits, including vacation
Work from home - but they are cutting back on this
Ability to travel

Cons

Only focused on cost cutting, which is constant - layoffs, layoffs, layoffs for US staff
Poor career path for US based employees
Poor pay raises and limited differentiation for high performers (1% versus .05% raises)
No raises for promotions
Constant reorgs - used to cover Senior Management's poor performance and poor leadership
Double standards between sr mgt and rest of firm (compensation, travel, spending, golden parachutes)

Advice to Senior Management

I&A is a mess
Focus on your clients, your people and products
Client service, Sales and account management are a disaster
Senior management are too short term focused

Pros

Quality of life. Good people.

Cons

Lack of innovations. No passionate stakeholders around.