Thread regarding FactSet Research Systems Inc. layoffs

FactSet has a tribalist culture

They hire college grads and then they never leave, work their way up the ladder by "getting in line", and then they can't function bc the company has zero external influence. The benefit of outside hires is they bring in new ideas. When you are THIS embedded with leadership that has literally never worked anywhere else, they think the only way is the FactSet way. Then you have the leadership incompetence we are experiencing today. The company may be 10k+ employees, but it's being ran solely by a handful of kids that were promoted without any actual real-world leadership experience. Not to mention the stock price is WAY overinflated right now and they doubled-down on the AI trend for reasons that make no sense. FactSet is gonna have a rough landing in 2024 and the employees are taking the fall.

Bumping from @1isb+1qanmL0L, I agree 100% with the original poster.

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