Thread regarding FactSet Research Systems Inc. layoffs

Next round - late Oct/Nov?

It’s shameful that layoffs are funding AI and surely will continue before ELT jumps the sinking ship...What groups / roles are suspected to be up next?


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Post ID: @OP+1m4e9k79e

10 replies (most recent on top)

@2hb any idea if they have change severance terms at all as this round has continued?

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Post ID: @2nc+1m4e9k79e

@2fb yes from Sept round, don’t trust any “assurances” that it’s over it will keep going til margins stabilize. Products will be sunset

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Post ID: @2hb+1m4e9k79e

@2dw layoffs continuing?

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Post ID: @2fb+1m4e9k79e

still ongoing from prev round. new normal

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Post ID: @2dw+1m4e9k79e

@k5 he cut Norwalk 2yrs ago

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Post ID: @wa+1m4e9k79e

@k5 most useless leader. Always home but asking us to come back 4day in the office. Just talks fast and mumbling

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Post ID: @w5+1m4e9k79e

What else will be our incompetent global consulting director will do ?
New York then Youngstown whose next ?

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Post ID: @k5+1m4e9k79e

@an, completely hear you, but ELT lacks empathy - anyone who isn't an AI agent or in their inner circle is dead weight waiting for their number to come up fr.

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Post ID: @ap+1m4e9k79e

That's overly cruel timing. No one is hiring between Thanksgiving and Christmas and you go through the holidays without a job.

Let's hope they don't go there.

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Post ID: @an+1m4e9k79e

Well, since from Jun to Sep it has been about 3-4 months, then you'll be expecting the next wave to be around Jan to Feb. But has most departments already been affected? In that case, maybe future layoffs will be in a random fashion... one or two here and there every month...

Also, this momentum feels like the company has to be sold quickly--otherwise, when the technical debt explodes, it'll be too late

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Post ID: @am+1m4e9k79e

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