HR & Finance: Over 300-400 people Each (Over 800)

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 in that team. We also have over 90 people in L&D and 100 in marketing, yet we have had to cut roles in Engineering.

Many tech companies cutting the size of their HR departments - even Uber has done so recently. META and Salesforce too.

This feels like a very targeted and poorly thought through process. Arguably, AI is capable of replacing far more roles in these functions than it is in Engineering and Products.

#Engineering #Finance #HR #Layoff #RIF

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Time will come for CHRO. Can’t wait to see CEO work on PPT for that swap.

Most mismanaged and overloaded department.

It's definitely not a wise decision to cut engineering first. There are many other wasteful departments, as mentioned above, that can be reduced as the first step. Now after a 10% engineering cut, I've been hearing many important tasks/projects and even client solutions being put on hold. The new CTO's judgement is questionable... he's only been at FDS for a few months.

@ay I mean, yeah, that's their literal job, to enact the directives of the Board as elected by the company's shareholders. What is not clear is if what they're doing is going to be best for the long-term health of said shareholders' investments.

Of course it was poor in every aspect. How can you trust new people in management to even grasp who we are and what we're doing at FactSet. The CTO and the CEO are just here to defend the investor's interests.

Thread regarding FactSet Research Systems Inc. layoffs

HR & Finance: Over 300-400 people Each (Over 800)

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