Thread regarding FactSet Research Systems Inc. layoffs

Selling our souls

So today's my last day at FactSet after 20 years of dedicated hard work at a company that I would call my family. Not anymore since they rejected me. Oh of course they gave me a substantial amount of money to say that I agreed to leave without regrets or complain. But we all know that it's bull.
I wanted to stay but the new management doesn't care. I did everything Sanoke and its minions asked us to do, and more. Ideathon and Hackathon. Spent countless evenings and even more working on agents and Ai. Produced my best performance year.
But I cost too much apparently and nothing else mattered.
Don't fool yourselves, you're just numbers and the ones that stay are just better at politics than you are.
It seems we were building something great but in the end it's just about money. Not ours for sure.
So let me give a bit middle finger to those ELT heartless slaves and farewell to the good souls staying.
Another adventure awaits where I will seek once more respect, identify and meaning in an AI world.


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| 82 views | | 7 replies (last 7 days ago) | Reply
Post ID: @OP+1m65g9x8m

7 replies (most recent on top)

@hj I am so sorry to hear that about your boss. I do want to say- lots of people were just as surprised. I had someone who I really liked and thought was doing a great job get let go. I had no input and hope they understand that sometimes bosses are just swept along in the same crazy wave.
This layoff felt like a tornado- some were hit and others weren't and we can't really tell the rhyme or reason except for location.
We definitely lost a ton of knowledge and are now trying to patch the gaps. Executive team doesn't care- they just don't want someone questioning if they made a mistake.

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Post ID: @176+1m65g9x8m

@n6 long hours for the sake of picking up everything for an under-resourced team is a losing battle.

For the younger folks, make sure to zoom out every once in a while, it's easy to lose sight of the bigger picture. Being an expert on super specific workflows at FDS is not relatable to other companies.

If you're spending time on something that you're genuinely passionate about, go for it, but don't expect everyone around you to feel the same way. Know your paygrade.

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Post ID: @sm+1m65g9x8m

@bq
I agree that putting in long hours in the hope of making yourself indispensable is a losing proposition.
I also believe that young workers should put in long hours to hone their craft, whatever it may be, in general. The early years build knowledge that you’ll draw on for the rest of your life, even if it’s not at factset.

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Post ID: @n6+1m65g9x8m

I wouldn't say every single person left is just better at politics, but I was definitely thrown under the bus by my ex manager

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Post ID: @hj+1m65g9x8m

I didn't have quite 20yrs but close and was consistently a top performer, bled blue, and sacrificed work/life balance for the good of the firm. Post covid, I could see the end of the road coming so when these layoffs first started couple years ago, I wasn't sad that I was chosen. Now two years later, I have no regrets. There is no point being in a non reciprocal relationship. Best of luck. Its hard out there but just because its hard, it doesn't mean it shouldn't be rewarding.

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Post ID: @c7+1m65g9x8m

condolences. Hope you get a chance to recalibrate

hopefully serves as a reminder to the younger people who are pushing excessively in a futile attempt to impress their managers/manager's manager. When their number comes up on the spreadsheet, all those late night and weekend hours they put in won't save them.

we're all just rats scraping for cheese in a maze made to lose.

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Post ID: @bq+1m65g9x8m

Hear, hear!

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Post ID: @b3+1m65g9x8m

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