Topics regarding layoffs at FactSet Research Systems Inc.

Topics regarding layoffs at FactSet Research Systems Inc.

Letter to Helen Shan

Dear Helen, Thank you for visiting our office. I noticed you looked visibly happier. I didn’t have the heart to ask this during the town hall, yet I believe you’ll get this through your Marketing team or HRBP gossip. How do you manage your... — read more 

Problems in APAC

All of the comments are about places outside of Asia Pacific. But the real problems are in Asia because there has been no strong leaderships for long time. The last CRO one left a gift departing with selecting the head of the region who has little... — read more 

Marketing Team & Sales Operations in RCS

As we continue to feel the pressure from clients and constantly look for ways to manage costs in RCS, have you considered reviewing the productivity of the marketing and sales operations teams? Cost cutting always seems to hit client solutions and... — read more 

RR vs PS

What leverage does RR have on PS that PS hasn’t fired RR yet? Remember when RR was supposed to move to London but didn’t? Remember when RR wanted to help his friend FF by bringing him back under the SBU? RR hasn’t produced any meaningful... — read more 

3 Day RTO - Mondays

Fu--ing seriously? Mondays?? No exemption for distance? So I can go in another day after a 1.5 hour commute to shoot the sh-t and get distracted? Fu--s sake man

Change to our “values”

I guess FDS no longer values diversity or at least doesn’t want to go on record as such. In its FACTS values online the word diversity was conspicuously removed from our Always Inclusive value. Irrespective of how you feel about this change, it is... — read more 

Ridiculous workload

This past year has been a nightmare when it comes to workload. So many are gone that we're stuck doing an absurd amount of work. I barely have a life outside of it anymore. Complaining doesn't help, since the usual response is "be grateful you still... — read more 

Layoffs?

Heard that there were only quiet ones after year end. Not firm wide large percentage

Just view job here as a temporary arrangement

There’s almost zero opportunity for career advancement. Management is incompetent and rude. Company seems directionless. Everything exists in the service of leadership. You can be laid off anytime. Don’t make me even start on reorgs. I stopped caring... — read more 

ELT Comp uptick vs. Employees Flat

Look at proxy published today - rubbish performance by company and ELT meanwhile they all got raises including Helen/CFO/CRO. I am not certain how she got salary increase + stock/options annnnnnd made more than last year. Employees got zero to... — read more 

Another exec out

Here we go again. CIO out who was vocal about change and fixing things. Guarantee new CIO will be a lifetime FSer with no vision and will keep things archaic. It is so sad what is happening here. There is so much potential but this leadership is... — read more 

Height of hypocrisy

Let’s look at what’s happening: ELT is dumping stocks (making millions) 50 random employees are asked to go to LasVegas as an incentive trip (flying premium economy) There is no pay-rise, non existent bonus, frozen t&e, no replacement... — read more 

Oops they did it again!

Heard about the #crazyshitheardatFDS post which called out on some hilarious statements made by HR and Sales Leadership. Can’t see it now. The consolation for those that posted on the thread, what you had to say was read! Although they took the easy... — read more 

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Post ID: @OP+1uXRqWw9

Desperate move by CRO & HR - Removing Posts

Unfortunate to see people cannot share their comments/feedback here before Helen and HR asking to remove posts. Similar to what they do in the company, reading Glint & Teams, they are trying to remove all facts about them. I started a thread on... — read more 

Finally a change in CRO for the better

https://www.morningstar.com/news/globe-newswire/9191736/factset-appoints-helen-shan-as-chief-financial-officer Helen Shan, a seasoned FactSet executive who currently serves as Executive Vice President and Chief Revenue Officer, has been appointed... — read more 

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Post ID: @OP+1tEqanwg

How to work with two-faced

No doubt on capability, however, well behaved in front of managers or those in power, and throws you sh-t whenever no one else is around. While this is normal in any corporate setting, it has been mentally exhausting to dealing with it on daily... — read more 

Another reorg? LOL

As if that’s gonna help. I start to think that reorgs are some kind of compulsion upper mgmt suffers from. Or could it be that they have no clue what they’re actually doing? If they were competent, we wouldn’t get ourselves into this state to begin... — read more 

Mgmt is ki-ling this company

If you still perform poorly after so many interventions, layoffs, changes in “strategy”, reorganizations, then it may be time to change management, no?

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Post ID: @OP+1td0zq44

Vegas Party for Sales but no Bonuses for others

Phil/Linda/Board - you cut 8-10M bonuses from people each quarter, no resources, no backfill and people leaving in products but you allow Sales to have party in Vegas in November? How is this fair to others? Why are you allowing this to happen?... — read more 

RCS - Revving up that damn Engine again

Helen did it again - another bloody quarter with no real top-line or strategy to turn this damn business around. 2 years of underperforming, multiple layoffs, reorgs and cr-ppy weather forecast have gotten us nowhere. Reorg should be her middle... — read more 

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Post ID: @OP+1t8ZlxOF

Insightful Earnings call.

CFO feels like Taylor Swift - CEO can’t contain his fake optimism - CRO has started to talk about how market conditions and “one off” instances have affected ASV. Get some “facts” and quit the posturing! Take a good hard look at how decision making... — read more 

Re-org

Last time there was a re-org a the last company I was with. There were layoffs

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Post ID: @OP+1sTHZapd

ELT playing games..

Did anyone attend the call for SVPs post the Q2 earnings announcement- it seemed like you could see daggers exchanged via looks and demeanour. The CFO and CRO rivalry has been evident for a while - but it blew my mind how cleverly one made a... — read more 

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Post ID: @OP+1sKtGb1o

Q2 Earnings Call

Anyone else worried that another round of layoffs is on the horizon within the next 6 months?

It's now all about quantity over quality

After a nearly 20 yr career and 1s and 2s my entire career, I was laid off. I was well known as a top performer across the firm. Folks, its not the company doesn't care. They don't care and honestly never have. Ever since Phil 2.0, the trend has been... — read more 

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