Thread regarding FactSet Research Systems Inc. layoffs

Flying 100+ people for FLAA while cutting 200+ this week

Not a wise decision to bring 100+ people to Norwalk from across Asia, Europe, Americas while cutting HC, going through more layoffs this week, removing food and snacks and cutting back on real estate.

Who made that decision? L&D? 95 HC in L&D organization


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| 12 views | | 12 replies (last 1 day ago) | Reply
Post ID: @OP+1m3384thy

12 replies (most recent on top)

95 employees in L&D - this is just crazy to have that many HC to satisfy Kate G in her role. What an inconsiderable person spending money while others getting let go

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Post ID: @pg+1m3384thy

@ke SV said the company is going to be AI first - we thought he meant Artificial Intelligence but he actually meant Another Indian

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Post ID: @nf+1m3384thy

@n7 It certainly isn't coming from the Sanoke boys either

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Post ID: @ne+1m3384thy

@ke TBH innovation is not going to come from people who have been here for awhile.

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Post ID: @n7+1m3384thy

More layoffs this week focused on some the most experienced people who are being replaced by the teams in India and the Philippines that the spent years managing.

Where will the innovation come from if you keep firing the people that built the content? Good luck you will be another company only capable of keeping the lights on.

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Post ID: @ke+1m3384thy

Global layoff and this FLAA event. Seeing some of them already left for HQ meanwhile their colleagues are getting let go.

Not the best timing Kate & Kelly. Hope you understand.

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Post ID: @j4+1m3384thy

My understanding is that most of the costs were already committed in Feb/March, before the original summit date, which has since been moved. If that’s the case, cancelling now simply means wasting money that has already been spent, so you may as well give the opportunity to leaders who are doing the work and can benefit from this development opportunity.

It looks like around 60 people attending - so at least get your facts right. 100+ and 500k seems so random and guessed.

Also 200+ - where is this from? We are fat around the middle so you should cut more. Be realistic people.

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Post ID: @g3+1m3384thy

@dj the main issue is the timing of FLAA as well as the overall optics with spending. They should have skipped this with all other things going on.

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Post ID: @dq+1m3384thy

@d4 must be L&D advocating for their cr-ppy job. Half the people that got canned or getting axed were part of this sh---y program.

It def paid dividends paying 500K or more to bring people here

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Post ID: @dj+1m3384thy

What a load of BS, stop this politics of envy!
If we are investing in staff and future leaders, that is a good thing - and yes amazing we ki-l off lunch and spend it on staff development!!! - how is that a bad thing?

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Post ID: @d4+1m3384thy

@cs where did the number 200 come from

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Post ID: @cv+1m3384thy

Where were the 200 cuts made?

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Post ID: @cs+1m3384thy

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