Thread regarding FactSet Research Systems Inc. layoffs

Major loss of institutional knowledge!!!

...anyone else worried about the institutionl knowledge being lost in these cuts???

A lot of senior folks (Content, Product, RCS,Sales etc) have spent 10 or 20 years understanding PA, Fundamentals, client workflows... data processes and all the weird dependencies that keep us running. you can move roles, consolidate teams and invest in AI Foundry, but that knowledge isn't sitting in a Confluence page somewhere.

Feels like we may not understand the real cost of these cuts until projects start breaking 6 mo from now.


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| 11 views | | 3 replies (last September 30) | Reply
Post ID: @OP+1m3mrb9nk

3 replies (most recent on top)

I agree. Seeing who was affected by these layoffs, there’s a lot of institutional knowledge walking out the door with people who have been here for 10, 15, 20, even 25-30+ years...

A lot of that knowledge isn’t written down anywhere. It’s the context, history, relationships and understanding of why things work the way they do. You can transfer responsibilities, but you can’t replace decades of that overnight.

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Post ID: @h8+1m3mrb9nk

Took my knowledge and left in June, thank god I stopped writing documentation. No point, I did the same demo, knowledge transfer to my team and senior management 5 times (even though it was recorded with no expiry date).

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Post ID: @a4+1m3mrb9nk

I am seeing some of this. Projects get paused or redirected. DSO/Content people disappear. Newer teams start rebuilding things because nobody left fu--ing knows why the old process existed. Cutting hc is immediate. Losing years of product & client context shows up only later. I'd venture to say that the execs know they will not be around when the final bill is delivered and it's time to pay up. And the board is tamed/asleep.

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Post ID: @a1+1m3mrb9nk

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