Anyone else worried that another round of layoffs is on the horizon within the next 6 months?

After a nearly 20 yr career and 1s and 2s my entire career, I was laid off. I was well known as a top performer across the firm. Folks, its not the company doesn't care. They don't care and honestly never have. Ever since Phil 2.0, the trend has been... — read more 

Does anyone know how many they let go in sales mainly in Americas? I am hearing barely anyone outside of the consulting team.

Did anyone else feel the leadership was infantilizing us - particularly Linda? Found her remarks quite snide and scripted. "FactSet is a public company. How did I know that? I looked it up, on FactSet. FactSet has institutional investors who have... — read more 

The problem is not the redundancy as other companies have done a lot more. However, the main issue here is with the sales organization and how the head of sales is managing it. Either the CEO is not seeing the performance or they are hiding it from... — read more 

IMO they have done a good job managing the cost and margin but the main issue is sales leaders. CFO has done the job maintaining but CRO is causing all the changes and slowness in growth. They put someone in charge of sales for a Fortune 500 company... — read more 

Seems like layoffs have officially started as of Feb 12th. Folks are being informed and asked to sign-off immediately. Not sure if it's done via email, face-to-face, or both, but we are officially in the thick of it. Good luck to everyone :/.

That's a deal breaker for me. I know that probably means I'll be fired, but so be it. I'll ride it out as long as I can from home. I'm not worried about finding a new job. I can afford to take a pay cut if necessary to make sure I continue working... — read more 

This Return to Office announcement was so poorly done. FactSet is laying off people but fine with people coming into the office which costs them $ and might cause them to increase some office spaces (like NYC). Definitely done to have some people... — read more 

Have they started to layoff ? I heard some people were put on PIPs, are those the ones that will be laid off ? Anyone heard anything ?

They had an internal town hall call the day after the earnings (Dec 20th) but given the holidays, not very many people attended. The call was recorded and published on the internal internet however on Jan 2nd when most people came back to the office... — read more 

They hire college grads and then they never leave, work their way up the ladder by "getting in line", and then they can't function bc the company has zero external influence. The benefit of outside hires is they bring in new ideas. When you are THIS... — read more 

I haven't heard of any people being laid off yet and there is only one week left in December. We all know layoffs are coming, but isn't it more likely that they will wait until next month or February rather than try to get it done right after... — read more 

New layoffs annonced December 2023. The % is not decided yet.. they will start firing and then will communicate the % at the end.

Once again Senior Leadership has brought up coming layoffs on a public earnings call before letting employees know what might be coming. Hiring freezes in effect already, and it looks like layoffs will be somewhere in Q2/Q3. Check the transcript, Q&A... — read more 

This is what happens when you promote yes-men instead of people who are capable and who know what they're doing. A-s kissers will nod affirmatively to whatever those above them say, whether it's a good or a horrible idea. And with no pushback, those... — read more 

Research Analyst 53 Client Solutions Associate 21 Lead Software Engineer 14 Software Engineer I 14 Senior Software Engineer 10 Contingent Worker 8 Software Engineer III 8 Scrum Master 7 Senior Product Specialist 7 Software Engineer II... — read more 

Employees heard about it for the first time, during the Q3 earnings call. Very surprising. Execs later confirmed that decisions would be made and notifications sent out to impacted employees by the end of July. Good luck expecting people to stay... — read more 

Three months back there were several employees called by HR and handed over pink slips. Laid off at a moment's notice. There was a lot of anxiety around about who is going to be the next. Fortunately, nothing happened. But Lately, an announcement... — read more 

Just go and see under "Latest Posts" above and see how many companies are having posts every 10 minutes - yet here, we demonstrate what we already know - our people are anxious and they hate to expose themselves - this works for the management as... — read more 

It's somewhat unrelated, but here it goes anyway: What's the typical Factset career path?

Confirming the previous post - Cali editing staff cut 100%

After an audit, the state of California determined that FactSet needed to put its California freelancers, all of whom are editors of financial transcripts, on its payroll. This is usually done because the state determines that the company using... — read more 

as i said before: greed, greed... we all know who's getting compensated waaaayyyy to much...

So, many folks have not received bonuses in their annual comp package! What gives, board of directors! WHAT GIVES!!!!

greed - greed

The upper management is clueless and greedy - we, as a company, have no future - the layoffs will continue but all of us should be looking for jobs - Factset used to be a good company to work for now it's all about who will skim more money

Will layoffs happen again soon?

2 from my group got let go last week

layoffs again

will there be layoffs again soon. By soon, do you think March or summer?

1% of the global workforce may be technically correct but you need to take all factors into account. Considering that 3,000 employees are abroad collecting data in India and in the Philippines, the numbers should actually reflect a 4-5% layoff among... — read more 

factset hires almost exclusively from within. they hire kids out of college, and promote internally. while this is a selling point for new hires, this also means that the company has no MBAs, nobody with advanced degrees, nobody with outside... — read more 

When do you think the next round is?

Yes, more layoffs, and more to come, eventually. But, the good FDS folks in Hyderabad keep droning on about lack of "opportunities." Well, my heart is bleeding. Thousands of "opportunities" went overseas, and still there is no satisfaction. Welcome... — read more 

1% of the global workforce was laid off this round. Many people were told outright that sales are in the tank. Things seem bad.

Five years ago FactSet was a great place to work. The problem with a young workforce is they never saw a recession. Now everyone is scared for their jobs and their is backstabbing left and right. With the Economy going bad, costs are being cut... — read more 

2008 was more consolidation