Thomson Reuters

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Thomson Reuters Reviews in New York, NY

Updated August 20, 2014
Updated August 20, 2014
2,416 Reviews

3.3
2,416 Reviews
Rating Trends

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Approve of CEO
Thomson Reuters President & CEO James C. Smith
James C. Smith
736 Ratings

Review Highlights

Pros
  • Flexible work schedules that allows one to establish a good work-life balance (in 399 reviews)

  • Work from home was very much allowed and many times encouraged to balance work/life (in 84 reviews)


Cons
  • Doing this constantly has caused some serious loss of work-life balance as someone who cares (in 42 reviews)

  • But wait, that's not quite enough to keep those senior management bonuses coming (in 78 reviews)

More Highlights

322 Employee Reviews Back to all reviews

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  1. 3 people found this helpful  

    Great bunch of employees to work with, downfall has been profits at all cost.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director, Product Management  in  New York, NY
    Former Employee - Director, Product Management in New York, NY

    Pros

    People were great to work with across most of the offices. Training was available and company provided Tuition reimbursement of $5500/year. Work from home was very much allowed and many times encouraged to balance work/life.

    Cons

    Company was a very large bureaucracy and with so many people in many disparate areas, it was a challenge to maintain facetime. Work from home is nice but TR had a mit of a problem with out of sight, out of mind mentality which caused many good folks to lose their jobs as execs in NY would make random determinations of who and from what offices should go. B/c it is a for profit company, short term profits became much more important than building a long-term and growing organization. As a result, layoffs continue to occur even though at the outset of the Thomson Financial/Reuters merger, management stated that no more than 10% right-sizing would occur. At this point, I would bet it is closer to 40% or more.

    Advice to ManagementAdvice

    The Board should oversee management and should engage more outside directors, as management has engaged in cost-savings approaches that have impacted the day-to-day employees through moving payment of bonuses out 3-4 months for the short term and one-time cost savings across the company, that ultimately make employees dissatisfied, lower morale and increase attrition of significant content manqagement and developent skills and knowledge.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Good short term career move

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Head of Finance  in  New York, NY
    Current Employee - Head of Finance in New York, NY

    Pros

    Work life balance, collaborative work environment. Good for career opportunities if you are able to build a strong internal network. Else good for the short term only.

    Cons

    Undergoing constant restructurings with a lot of headcount reductions. Change management is not a strength there but getting better. Strategically not positioned where the money is. Business is not growing. Increasing margins mostly through restructurings

    Neutral Outlook
  3.  

    Alright Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Analyst  in  New York, NY
    Current Employee - Business Analyst in New York, NY

    Pros

    Stable
    Nice People
    Decent Benefits
    Casual Work Environment

    Cons

    Promotions are hard to come by
    Work can be boring
    Company is large

    Advice to ManagementAdvice

    Motivate employees financially

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Account Eexcutive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Account Executive  in  New York, NY
    Former Employee - Account Executive in New York, NY

    Pros

    Opportunities to interact with senior management of clients; writing comprehensive reports on detailed investor.analyst interviews to improve the corporate communication of clients

    Cons

    Micromanaging City. Group leaders need to learn what effective delegation is about. It will make their lives easier, as well as make the jobs more rewarding for those who work under them, which will in turn result in happier, more productive employees.

    Advice to ManagementAdvice

    Pay closer attention to the leaders under you and ensure that they are creating an envinroment that will ultimatly result in creating a work place which underscores respect, ethics and integrity/

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Ok place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    Pros

    Remote working. Dedicated team mates.

    Cons

    Compensation is below market rate. Long hours without adequate compensation. Management expects IT staff to work unlimited hours.

    Advice to ManagementAdvice

    Review salaries. Employee retention mans to treat your employees fairly so they don't want to leave, not counter offer them when they submit their notices.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Product Mgmt

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager  in  New York, NY
    Current Employee - Product Manager in New York, NY

    Pros

    - Great work life balance, and my group gets summer hours
    - Peers and colleagues generally great to work with

    Cons

    - Poor business support for International growth even though tt claims to be global
    - Senor managers who have bad ideas are promoted
    - Layoffs and senior management changes every 6 months
    - HR is useless in helping manage talent or moving employees around - not sure what they do all day

    Advice to ManagementAdvice

    Focus on developing and motivating employees more and the rest will follow. Happy employees = happy customers

    Doesn't Recommend
    Negative Outlook
  8.  

    Nice place to work overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Journalist  in  New York, NY
    Current Employee - Journalist in New York, NY

    Pros

    very friendly environment to work in

    Cons

    limited financial upside is frustrating

    Advice to ManagementAdvice

    increase financial incentives to better motivate employees

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 3 people found this helpful  

    When Thomson met Reuters - not a happy marriage

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Facing  in  New York, NY
    Former Employee - Client Facing in New York, NY

    Pros

    The people at TR are great, and that is the main reason I stayed there so long. They maintain a good work/life balance, and you learn skills and gain experience that can be quite useful elsewhere.

    Cons

    TR has had 8 rounds of layoffs over the last four years. Each new management team shakes things up, reorganizes, lays off thousands, and still can't meet the expectations of the Thomson family. And so the cycle continues. The bottom line is that Thomson overpaid, badly, for Reuters and will never get the ROI they want. So they cut people, benefits, raises, bonuses, etc.

    Advice to ManagementAdvice

    Good luck.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 2 people found this helpful  

    sprawling, cheap company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Representative  in  New York, NY
    Current Employee - Sales Representative in New York, NY

    Pros

    good benefits, decent location, ok pay, nice people, relaxed environment. I happen to have a terrific manager that has allowed me to explore other talents beyond sales for which I was hiredI can't really think of much else to say on the pros side

    Cons

    This is my second time working for Thomson and this will probably be the second time my group will be sold. There may be room to move up here, but it is not made clear. The vast majority of the company seems to be striving for mediocrity.

    Advice to ManagementAdvice

    Hire better. Let people work from offices closer to their home. I live five minutes from an office, but yet have to travel an hour and a half to NYC for work.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    in the middle of the road

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Product Manager  in  New York, NY
    Current Employee - Product Manager in New York, NY

    Pros

    - lots of opportunities to work with the latest and greatest technologies
    - practically every single team is following agile process
    - working remotely does not looked down upon

    Cons

    - Shareholders benefits drive a lot of budgetary decisions. Get used to semi-annual re-orgs
    - Your good or bad experience with TR will highly depend on the group you end up with. its' been 6 years since the merger but there are still quite a few distinctions when you end up with exThomson team vs exReuters team.
    - employee morale in many teams are way too low

    Advice to ManagementAdvice

    Strategic decisions should be made based on the customer experience and satisfaction not blindly copycat-ing competitors.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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