Anyone else worried that another round of layoffs is on the horizon within the next 6 months?
3 replies (most recent on top)
From the first summer 2023 round, subsequent rounds are expected. Don’t believe in anything this company says, it’s obvious they’re more ruthless than before. The culture good old days of FactSet has long gone. There is no genuine care or working as a “team” anymore. Everyone is on their own survival, fight or flight mode.
I would say not in this fiscal year or next given Linda’s comment on the anticipated savings from this latest round… we needed $15m per Linda, and she’s anticipating $25-$30m from this round. That number is double what she said we needed at the top end, so I would think she bought some time.
We’ll find out soon enough in a few hours. Sadly the layoffs are now embedded as a standard for leadership, happened twice and it will continue happening without a doubt. Can’t say the frequency, but unless things turn around drastically, every other quarter probably. Hard to say.