Topics regarding layoffs at Morningstar Inc.

Topics regarding layoffs at Morningstar Inc.

>100 US Layoffs: Investment Management

End of week meetings scheduled with the department to tell everyone the platform is closing and over 100 people will be laid off. Not sure how they avoided the WARN act. Some people offered retention bonus to stay and help with transitions. Lowest... — read more 

Investment management layoffs

10 people laid of from product and tech (almost 30 percent of product laid off) in USA on Oct 25th. Reason provided: Shifting development work to mumbai. No proper communication, badly handled. Several other departments having small layoffs.

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| 752 views | | 2 replies (last October 31, 2023)
Post ID: @OP+1phbOsxR

Location strategy driving some layoffs

Morningstar is letting people go due to “location strategy” and “performance issues”. Both are efforts to improve flagging margins.

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| 1130 views | | no replies yet
Post ID: @OP+1n02CPE8

No layoffs, low pay persists

No layoffs due to good management of firm, smart expense controls. Issues persist around chronic low pay; scores of staff below internal pay benchmarks; sr women leaving, very white male driven company.

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| 1400 views | | no replies yet
Post ID: @OP+18uV0R8k

Coronavirus response

They're freezing raises and hiring, and said they'd wait until Q2 before reevaluating that policy.

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| 795 views | | no replies yet
Post ID: @OP+14aMdgTI

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