Thread regarding FactSet Research Systems Inc. layoffs

Anyone catch that quarterly call QA on Europe Hiring freeze and layoffs?

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. Next question!”

Yikes. No comment on the layoffs is quite telling but I could be reading too much into it


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| 3 views | | 14 replies (last 17 days ago) | Reply
Post ID: @OP+1kpr8j6kr

14 replies (most recent on top)

@44r what? most of COE folks are useless (whether MNL or HYD)

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Post ID: @51x+1kpr8j6kr

@344 not so much about Indians but cheap labour, whichever country which have big population to suppress wages. But also hate to stereotype but there are two types of Indians, those hardworking, respectful and humble ones mostly in Hyderabad offices, and there are those who only spends majority of their time managing up, which is most of the non COE offices. Let’s see how this US MNC goes with an Indian CEO ….

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Post ID: @44r+1kpr8j6kr

@34g

Aren’t quarterly margins important ?

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Post ID: @34h+1kpr8j6kr

@344 nothing new. would not be surprised if AI replaced workforce in COE. US/EU will continue to get squeezed, all for sake of quarterly margins.

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Post ID: @34g+1kpr8j6kr

will someone address the fact that while they're laying off people in europe they're also aggressively hiring people in india for a lot cheaper and effectively shifting the workforce ? (especially the company appointed an indian ceo) or should we pretend like it's not happening ?

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Post ID: @344+1kpr8j6kr

More is coming. CEO making room for his own people. A few external hires will come in coming wks.

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Post ID: @301+1kpr8j6kr

Not formal ones but it seems that APAC is quietly removing poor performers in the past half a year or so.. which is a good thing though!

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Post ID: @2bk+1kpr8j6kr

Can’t say here. ask around people know

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Post ID: @2az+1kpr8j6kr

@28q did one happen tho? Where?

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Post ID: @29r+1kpr8j6kr

@26e no formal announcement

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Post ID: @28q+1kpr8j6kr

When exactly did the lay off happen? Only heard about it through the grape vine but unsure of the details

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Post ID: @26e+1kpr8j6kr

@by

Still surprised how few senior changes have been made. Besides CFO, same people making decisions. Someone very smart once defined insanity …

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Post ID: @1eg+1kpr8j6kr

Build an agent or live with regret. What a world.

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Post ID: @by+1kpr8j6kr

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