Thread regarding FactSet Research Systems Inc. layoffs

12 replies (most recent on top)

Absolutely not. Laid off within 3 years. Forfeiting all my stock even though I had outstanding reviews and didn't choose to leave. Had many job offers when I joined and now I'm sc--wed.

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Post ID: @4xv+1m2mkyt8q

For me, yes. I spent many years at FactSet and have a lot of good memories from my time there...

I really valued the culture, benefits, opportunities to collaborate, learn and grow, and the sense of stability. A big part of what made it special was the amazing people who helped build and carry that culture.

With so many of them now gone, I’m sure FactSet will feel different going forward. I’m still grateful for the relationships I built, the people I met, and everything I learned along the way.

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Post ID: @29t+1m2mkyt8q

Definitely under Phil 1.0

Didn’t care as much under Phil 2.0 since I saw the eventual crash going to happen

Glad I got a package and able to leave at the right time.

New management sounds like a disaster

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Post ID: @12n+1m2mkyt8q

The Sanoke boys ki-led it. Phil slowly let it slide the wrong way. Behind the polite friendly family face, it's all bad communication, sh---y politics, and lower end compensation. FactSet is aiming to crash. I won't cry over it anyway, even after more than 20 years there.

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Post ID: @nd+1m2mkyt8q

I probably wouldn't do it again with the current leadership and company direction, but it was a great first job right out of college. I felt like I had learned a lot and was given plenty of resources to grow, definitely miss the people here as I felt it really was like a work family.

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Post ID: @mn+1m2mkyt8q

Expect more reduction shortly. They are planning it

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Post ID: @ea+1m2mkyt8q

My sense is it's a great place to start and used to be a good place to stay. As a mid-career joiner in the last several years... I should've kept looking. Now I feel trapped with little to show for my time here.

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Post ID: @dd+1m2mkyt8q

For sure no. I choose FactSet over other offers, and only got to be there 10 months. Planned a move, life. Now I’m back I’m in the technical interview grind time. A lot of repeated work and wasted time for absolutely nothing.

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Post ID: @bs+1m2mkyt8q

Absolutely! +10years and counting!!

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Post ID: @bq+1m2mkyt8q

I joined and got laid off within the year so no. now I am stuck with no job and no opportunities

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Post ID: @b4+1m2mkyt8q

Without a doubt. I no longer work at FactSet (left on my own) but it was a great place to start my career. I learned a lot from really smart people and I wouldn't be where I am in my career today without FactSet. This message board is a lot of doom and gloom, rightfully so given that the broad topic is layoffs, but everyone can agree FactSet is a good place to work relative to other companies. There is a reason the average tenure exceeds the market. However, we can all agree the company has go downhill and it has some issues to solve.

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Post ID: @b0+1m2mkyt8q

I think so. For the first couple years I was here it was maybe the best place I could have imagined working as someone who didn’t have a ton of work experience at the time I joined. Things went downhill some in the last few but it’s still an objectively decent place to be given the market. But as flexibility starts to tighten and will get worse I anticipate that changing. Will start job hunting soon. And heck if they literally just kept the ability to request for office transfer I would have definitely wanted to keep working here a bit longer.

Maybe those who were laid off feel differently

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Post ID: @an+1m2mkyt8q

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