Thread regarding FactSet Research Systems Inc. layoffs

WARN company?

If Factset is a WARN company, shouldn’t they have announced layoffs? Last Sanoke dodged the question. Secondly, under WARN act shouldn’t Factset have given us the term date of 90 days later?

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Post ID: @OP+1kt7n38wg

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Unfortunately unless 33% of employees at a given site were affected or if it was above 500 people in the US, then WARN doesn't apply. Also, any pay in lieu of notice deducts from any penalty they might be assessed.

Note that certain states have additional protections so please review before signing. For example, in IL, you cannot waive your right to claim unemployment even if your severance agreement "requires" you to. So anyone affect in IL should have the option of claiming unemployment.

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Post ID: @a9+1kt7n38wg

You would think so - but there's always some corporate bs loopholes

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Post ID: @a1+1kt7n38wg

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