Thread regarding FactSet Research Systems Inc. layoffs

I’m based in APAC and personally experienced how quickly the process can move...

The HR meeting invite came only a few hours beforehand, without my manager knowing or being invited. I was asked to sign the separation document, and access was removed immediately, so there was zero opportunity for proper closure.

There also wasn't direct communication to people working closely with affected employees, so some were still expecting responses or meetings and only found out through colleagues, LinkedIn posts, or seeing "Unknown User" in MS Teams.

For anyone who may be affected:

• Have a personal contact method ready.
• Save personal records you may need, such as payslips, benefit and employment records. Don’t take confidential company information.
• Move important work documents to the appropriate shared/team locations so others can access them.
• Have questions ready about separation, benefits, final pay, and leave.
• Don’t feel pressured to sign immediately. Take time to read, ask questions, and negotiate where appropriate.

I understand the security considerations, but it still feels a bit inhumane and disrespectful for people who have given 10, 20, or even 30 years to FactSet to lose access immediately with no real chance for a proper goodbye or offboarding.

Welcome to the club all. Been laid off since the previous wave of layoffs a few months ago hit FDS and still trying to recover. I wish you all the best in your search.

@gs All other ELT gone?!

Is the CIO still standing? I reckon he's the only og from the ELT left. Never worked anywhere else in his career.

@eg A few SVP & Director-level people in sales + even LSRs and Youngstown consulting today. It is damning how quickly the new ELT has wiped the culture that FactSet had cultivated over decades.

@eg yes

Any more today?

Anyone in APAC gone?

So many people let go. Important people who have been here, know all the processes, helped hold onto the old pre-phil factset feel.

Multiple projects are halting or looking to pivot. New people are coming in, not asking questions, duplicating processes instead of fixing the old one, and will book out in a few years after Sanoke sells off everything.

Today is one of the worst days in my factset career. This is horrid.

But why aren't Sanoke and his minions offering voluntary redundancy? As @b9 said he's such a as*. My bet is that over the next two years, PE will take over

What happens if you’ve been out of office but impacted in this round?

San*ke he's snake

@b7 bruhhhhhhhhhh

@b5 yes - apac on the list

Wondering if this will hit APAC..

Got let go - been here 5yrs.

Got let go this afternoon. Been with FactSet for almost 11 years

I just got let go today in Product development in America's aftering working here for almost 20 years. Thanks.

@am Same here, Invited to a 1:1 with my managed and about ten seconds in another person jumped on.

Thank you Goran for letting me go this way after all these years at the end. I got family and kids. Heart broken.

This is targeted more toward SVPs and VPs.

I got invite from my manager and then HR showed up.

@ac how were you notified? Was an invite sent from HR?

Product/Americas

Sounds like it's more senior resources?

Let go today in “Growth” lol Americas

was engineering affected?

Let go in Americas - sales

@a7 Yes... me :)

Whoever is not impacted. Good luck! Keep going!
Whoever is impacted - absolutely, DO NOT lose hope. It's hard, but you'll get over it soon. Good luck in your next chapter!!

@a7 Yes. Product in Americas.

Has it hit Americas yet?

Generalist or specialist?

Got let go. RCS (Thanks Goran)

Sales this morning - in EMEA