Does anyone has the slightest idea what whoever works in the Ai foundry are doing ? Radio Factset says we won't tell you bunch of stupid people.

I understand that we have to go through a RIF with Engineering and Products. However, why do we have so many people in HR and Finance? Not to mention the recruitment department where we currently have no hiring to do, yet there are around 50 people... — read more 

The way leadership picks who gets cut here is totally random and makes zero sense. They've let go of some really talented people plus newer folks, and none of it seems to follow any pattern.

People were let go with no warning. None. That's the scariest part of this whole thing to me. If there had been at least some indicator, something. But being a high performer and one of the most experienced people there, only to have the rug pulled... — read more 

FDS seems to want to give the impression that they’re investing in real-time. What’s the strategic thought process there, seen the fact that it requires substantial investment to set up. It seems an odd choice when you’re already struggling.

I know I won't. I don't give a damn what's expected, I'm already overloaded as it is.

Morale was already down, and now we can add to that feeling completely disposable. Knowing some of the people who were laid off, it's clear nothing we do, no matter how good or knowledgeable we are will save us. How are we supposed to deal with that... — read more 

When do you think the PE will come in and what companies do you reckon will be the potential buyers?

Another Friday email about MCP. The fifth? Tenth? Who knows anymore. The topic changes slightly, but the result is always the same: lots of buzzwords, very little substance, and almost nothing employees actually care about. Same goes for Radio... — read more 

To the point that I don't know if we'll be able to get anything done.

How many did we lose in this round? Also, can we finally consider this over or will it continue somewhere down the line?

I'm not asking for any details, it's just that my anxiety is hitting new levels with not knowing whether any cuts are taking place today or not. Just a simple yes or no. Please.

I hate making this a gender thing - but this feels discriminatory. I joined Factset in 2022 and witnessed 2 rounds of layoffs. Originally my team had a total of 13 people originally (7 women and 6 men. There were more women in the original team... — read more 

That tells you clearly that this had nothing to do with performance, and everything to do with a bunch of numbers on a spreadsheet. A very, very stupid move long-term.

And if so, any ideas on what's going to get hit?

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?

Not good times to look for another job. I sincerely hope you all get lucky and land better jobs soon.

Sounds like another round of layoffs. Couple hundred from engineering side. Feel for those affected. I guess the strategy remains you can fix leadership problems by laying off experienced engineers.

Amazing career. Built fds entire analytics business. Quite a legacy.

This speaks to the cesspool that is Norwalk as a location & Client Solutions as a department. No wonder they axed that whole team in... — read more 

Terrific event. The client and partner excitement has been very high particularly around AI

The question was when will the European internal hiring freeze be lifted and is there another layoff coming soon. It was responded by effectively “Hiring freeze will not be lifted any time soon. Anyways I think everyone should be building agents... — read more 

HS gets booted as CFO and no comments? What's going on?

https://dockets.justia.com/docket/pennsylvania/pamdce/1:2026cv00495/150515#:~:text=Filed:%20February%2027%2C%202026%20%C2%B7%20Court:%20U.S.,Nature%20of%20Suit:%20Anti%2DTrust%20%C2%B7%2015%20U.S.C.

Has anybody else heard about potential layoffs in April? What are the chances it's really going to happen?

I want to take a moment to express my deep appreciation for the culture at FactSet. Kissing a-s is the only way to get any meaningful traction. Special dedication to the HRBP, L&D, Talent Delivery and Organisational Effectiveness leadership. Your... — read more 

Grab your life vest, and jump ship. You heard it straight from the CEO.

Looks like a tough quarter. When do the layoffs start? They need to get the margins up.

A pattern of female leaders exiting certain areas of the organization.

Optimism has returned. Sanoke is a strong leader with conviction. It‘s like the last 10 years of leadership was just a bad dream.

What is going on at this company that close to 100 people can sit on a call like this morning and think we have the right people in charge??? It’s almost like they didn’t have months to prepare. Hope actual leadership watch the recordings (or... — read more 

As interfaces move to AI platforms, I was trying to figure out which market data providers have the most proprietary value. I think this may be part of the challenge they are facing. MSCI = Benchmark/risk models LSEG = Exchange, RT S&P = Ratings... — read more 

With Amazon and others announcing big layoffs and since this is a layoff blog , when is fds going to announce some ?

What’s going on ?

Saw they sold to private equity...what happened after FDS invested? Not a good fit?

Looks like Discovery is over according to the court docs. Any idea when the case goes to settlement or trial? Has factset disclosed the case yet or do they still think it‘s immaterial.

When does Sanoke make first moves/changes specifically at ELT level

Is the margin reduction for reinvestment in employees, hiring, comp, or product development? The change in the vesting schedule is not significant. It would be prudent to reinvest in junior employees, new hires, engineers given the recent pressures... — read more