Let’s look at what’s happening: ELT is dumping stocks (making millions) 50 random employees are asked to go to LasVegas as an incentive trip (flying premium economy) There is no pay-rise, non existent bonus, frozen t&e, no replacement... — read more 

Heard about the #crazyshitheardatFDS post which called out on some hilarious statements made by HR and Sales Leadership. Can’t see it now. The consolation for those that posted on the thread, what you had to say was read! Although they took the easy... — read more 

The old school FactSet guards are the issue here. They are all stuck in the 80’s and have no desire to look at any new ideas or changes - they know best. You have to either agree with them or be punished via comp bc their buddies will get the higher... — read more 

Unfortunate to see people cannot share their comments/feedback here before Helen and HR asking to remove posts. Similar to what they do in the company, reading Glint & Teams, they are trying to remove all facts about them. I started a thread on... — read more 

How does Helen taking the cfo role affect further cost saving efforts?

I am not optimistic. But that became a habit, after years of experiencing bad management and chaotic reorgs. Your thoughts?

https://www.morningstar.com/news/globe-newswire/9191736/factset-appoints-helen-shan-as-chief-financial-officer Helen Shan, a seasoned FactSet executive who currently serves as Executive Vice President and Chief Revenue Officer, has been appointed... — read more 

No doubt on capability, however, well behaved in front of managers or those in power, and throws you sh-t whenever no one else is around. While this is normal in any corporate setting, it has been mentally exhausting to dealing with it on daily... — read more 

As if that’s gonna help. I start to think that reorgs are some kind of compulsion upper mgmt suffers from. Or could it be that they have no clue what they’re actually doing? If they were competent, we wouldn’t get ourselves into this state to begin... — read more 

She did it again.. wait - don’t get excited - Not selling but another bloody reorg. Not sure what’s worse, the presidential debate in the states last week or her town hall yesterday. However we got confirmation for few points: *** Not sure others... — read more 

If you still perform poorly after so many interventions, layoffs, changes in “strategy”, reorganizations, then it may be time to change management, no?

Phil/Linda/Board - you cut 8-10M bonuses from people each quarter, no resources, no backfill and people leaving in products but you allow Sales to have party in Vegas in November? How is this fair to others? Why are you allowing this to happen?... — read more 

Helen did it again - another bloody quarter with no real top-line or strategy to turn this damn business around. 2 years of underperforming, multiple layoffs, reorgs and cr-ppy weather forecast have gotten us nowhere. Reorg should be her middle... — read more 

CFO feels like Taylor Swift - CEO can’t contain his fake optimism - CRO has started to talk about how market conditions and “one off” instances have affected ASV. Get some “facts” and quit the posturing! Take a good hard look at how decision making... — read more 

Bravo CRO aka Helen Shan for another bloody reorg and her performance over the last 5yrs. My team sit on the product side and I was told by some of the sales teams that we are doing yet another reorg in less than a year. She made a mess with CTS and... — read more 

Last time there was a re-org a the last company I was with. There were layoffs

Did anyone attend the call for SVPs post the Q2 earnings announcement- it seemed like you could see daggers exchanged via looks and demeanour. The CFO and CRO rivalry has been evident for a while - but it blew my mind how cleverly one made a... — read more 

https://www.lbbonline.com/news/factset-says-no-to-boring-b2b-advertising Provides no value to clients or describes any competitive advantage. Can’t believe this was approved by CEO and marketing

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