Thread regarding FactSet Research Systems Inc. layoffs

It is coming - Before Earnings Call

Heard it is in coming days and it is a big one. Gluck to all.


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| 471 views | | 27 replies (last October 2) | Reply
Post ID: @OP+1m2rhtcba

27 replies (most recent on top)

@23v yes seriously a HUGE THANK YOU for those who are giving us an early heads up about upcoming changes!!!

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Post ID: @29y+1m2rhtcba

Information is power and withholding it is part of the strategy. Keep employees in the dark long enough and they can't question decisions, prepare for what's coming, or demand accountability. Those with advance knowledge aren't going to burn their sources or risk identifying themselves. That's why the truth travels through back channels long before leadership decides employees are allowed to hear it.

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Post ID: @23v+1m2rhtcba

I’m curious how some people were hearing about these changes ahead of time. Were these mostly from team discussions, overheard conversations, or other sources? Are there any official signals or channels we can watch aside from forums like this?

It seems that many are relying on forums to piece together information, which shows how much people are looking for more clarity and transparency.

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Post ID: @23m+1m2rhtcba

@13a They’re sending out HR meetings this morning?

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Post ID: @13n+1m2rhtcba

@11j finally got my invite....

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Post ID: @13a+1m2rhtcba

Good luck tomorrow everyone.

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Post ID: @11j+1m2rhtcba

Sort of fueling the flames here but I overheard a person on legal discuss over a Teams call an announcement from ELT in October. My suspicion is that will be when the bad news hits. Now it could mean that they layoff sooner like within the next week then give the announcement they did the layoffs beginning of October.

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Post ID: @11b+1m2rhtcba

@xh not looking good for the rest of Irwin for sure.

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Post ID: @zf+1m2rhtcba

@tf CEO and COO of Irwin were let go

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Post ID: @xh+1m2rhtcba

@tf wed

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Post ID: @wq+1m2rhtcba

@mv I don’t think anyone high up has been let go yet, haven’t noticed anyone gone but it seems like it’s coming soon.

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Post ID: @tf+1m2rhtcba

@d2 some product folks were let go a few weeks ago. Mostly high level

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Post ID: @mv+1m2rhtcba

@ht would that be the brown noser from Boston or the big guy that’s always in his tesla

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Post ID: @km+1m2rhtcba

@ek Foundry under Kate is nowhere to go. Failed as CTO and uprising costs. Another guy that needs to go is head of “global” AI partnership. Name one thing he has done to the finish line

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Post ID: @ht+1m2rhtcba

Out of the 15000+ people working at FactSet why the fu-k don't they fire the ones with sh---y performance reviews? Or the services which are of no use to FactSet? Those d-mbasses are bringing down the company with no plan !!

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Post ID: @ep+1m2rhtcba

@eh half that team is useless with that dude keeps bouncing back and forth on teams

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Post ID: @ek+1m2rhtcba

@e7 What the f they just cut down engineering by 10%. Maybe AI foundry units are safe?

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Post ID: @eh+1m2rhtcba

Product and engineering are going down, it's already started.

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Post ID: @e7+1m2rhtcba

Sad days of FDS - not the same company anymore

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Post ID: @e3+1m2rhtcba

Cut GEA - no need for 50 HCs & GAMs running just 20 accts. Merge some with regions and move on.

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Post ID: @e0+1m2rhtcba

@dt hope they hit finance & HR. Look at the size of those teams

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Post ID: @dw+1m2rhtcba

@d2 RCS - sales, consulting, specialists

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Post ID: @dt+1m2rhtcba

What about tech ?

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Post ID: @d5+1m2rhtcba

Have you heard what will be affected? It seems like product/hr has been unaffected in the past layoff.

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Post ID: @d2+1m2rhtcba

Santa is coming!

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Post ID: @br+1m2rhtcba

@az winter

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Post ID: @b0+1m2rhtcba

What is coming?

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Post ID: @az+1m2rhtcba

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