Three months back there were several employees called by HR and handed over pink slips. Laid off at a moment's notice. There was a lot of anxiety around about who is going to be the next. Fortunately, nothing happened. But Lately, an announcement... — read more
Just go and see under "Latest Posts" above and see how many companies are having posts every 10 minutes - yet here, we demonstrate what we already know - our people are anxious and they hate to expose themselves - this works for the management as... — read more
It's somewhat unrelated, but here it goes anyway: What's the typical Factset career path?
Confirming the previous post - Cali editing staff cut 100%
After an audit, the state of California determined that FactSet needed to put its California freelancers, all of whom are editors of financial transcripts, on its payroll. This is usually done because the state determines that the company using... — read more
as i said before: greed, greed... we all know who's getting compensated waaaayyyy to much...
So, many folks have not received bonuses in their annual comp package! What gives, board of directors! WHAT GIVES!!!!
greed - greed
The upper management is clueless and greedy - we, as a company, have no future - the layoffs will continue but all of us should be looking for jobs - Factset used to be a good company to work for now it's all about who will skim more money
Will layoffs happen again soon?
2 from my group got let go last week
will there be layoffs again soon. By soon, do you think March or summer?
1% of the global workforce may be technically correct but you need to take all factors into account. Considering that 3,000 employees are abroad collecting data in India and in the Philippines, the numbers should actually reflect a 4-5% layoff among... — read more
factset hires almost exclusively from within. they hire kids out of college, and promote internally. while this is a selling point for new hires, this also means that the company has no MBAs, nobody with advanced degrees, nobody with outside... — read more
When do you think the next round is?
Yes, more layoffs, and more to come, eventually. But, the good FDS folks in Hyderabad keep droning on about lack of "opportunities." Well, my heart is bleeding. Thousands of "opportunities" went overseas, and still there is no satisfaction. Welcome... — read more
1% of the global workforce was laid off this round. Many people were told outright that sales are in the tank. Things seem bad.
Five years ago FactSet was a great place to work. The problem with a young workforce is they never saw a recession. Now everyone is scared for their jobs and their is backstabbing left and right. With the Economy going bad, costs are being cut... — read more
2008 was more consolidation
Why do you think there will be layoffs in march?
there were layoffs in 2008...
there were layoffs in 2008...
Believe or not, we ARE laying off people as I write this? Are you affected too?
Why are layoffs going on? We never has them. Seems out of left field.
Layoffs are going on
What's going on?!
Why are we so quiet today? All of us know what's going on..
I'd have to go all the way up to the COO before I found someone above me who isn't from an engineering background. Even the executive team and product developers respect the software development process and will allow the engineers to set and re-set... — read more
FS is in a good position to take market share from their competitors. At a some point however, techs and product development need to focus speed and stability over bell and whistles.
Yep, the higher ups are keeping a lid on the exact hits, but the best information is that the onshore offices have taken it in the butt once again. Interesting conjecture about March, but hope that is not true.
layoffs confirmed. possibly more coming in march.
massive layoffs to take place in February 2013