They get a short term (but not insignificant) share price pop after each layoff round. Don't think they haven't noticed.
BOHICA!
9 replies (most recent on top)
Is layoff happening again ?
Need to focus on the fact that raises are pitiful despite comp being at the top of every Glint survey, job security is nonexistent with big layoffs happening every few months and smaller headcount cuts happening in between, benefits are getting cut little by little.
We need labor protections. Full stop.
@j0 as opposed to all the non Indian nepotism? What kind of d-mb 4ass argument is that? You can’t beat me with low factor arguments.
Once I’m your manager and I feed you a fish curry and samosa, you will be on side.
I will get my ROI out of you, you just wait …
@g4 just google indian nepotism in american tecn industry. you'll know what's going on at factset. the entire world knows who they are.
@ar legal or not, once a company or any factset office (excluding Mumbai and Hyderabad as they are native) starts having Indians, it is generally a doomed place. Be prepared to take on their portion of workload while they spend time licking managements’ arses. All talk and no work done.
@ar Mgmt has said to me when we let 2 factsetters go who had been with the company 15+ years that all tasks will be shifted to HYD. When I brought up the amount of industry, process, and factset knowledge each person had I was told that someone in HYD could learn in 9 months.
No. No they can't. The projects are crawling, projects are falling behind in quality, data is full of issues. They cannot learn and just have everything rebuilt resulting in a worse workflow.
We are leaderless. RS just wants the numbers to look better so he could sell the company to PE and escape with even more money.
@ar I'm OK with that actually, but you don't get what you don't pay for. An employee in India can certainly be incredibly smart but s/he won't build the same relationships (on the customer service side) or have the same market knowledge (on the product side) as a UK or US (or another other major) market participant. That under investment catches up.
In 2005 Fidelity had 2000 employees and 4000 open positions in Bangalore. Not all of those were bad choices but many came back to bite them in the a$$.
my question is; while they're letting people go in the west round after round, how come they're AGGRESSIVELY hiring in india for the exact same roles/positions ? I'm seeing more and more people joining in india office for the past couple years while people in the western offices are disappearing. most of the people I used to work with was in us/uk office since couple years ago but now most of them are in hydrabad office and they've basically replaced the people who let go from us/uk offices. that's extremely suspicious as I know that there are bunch of other american companies that are facing lawsuits for malpractice in hiring processes because of indians. this looks like the exact same pattern to me. I mean is this even legal ? they shouldn't be able to just shift the workforce just because hiring in india is simply cheaper.
I've got a bridge to sell anyone who thinks the layoffs are over and done with. Wake up.