Zero loyalty to non-management veterans
Senior Product Manager (Current Employee) – Norwalk, CT – July 21, 2016
I worked at FactSet for 15+ years. Was fiercely loyal, deflected competitors overtures for years. I worked up through several positions but not management, and did fairly well.
One Friday this March, I was let go. I was told it was a reevaluation of company priorities, future investment, etc. Reality was it was just cost cutting. I had grown too old and expensive, and recent process improvements I had made to my product line basically "improved" myself out of a job.
I could have easily moved to another position. When I questioned the reason for termination, noting the above, the director of product development actually sat there with a cocky grin on his face and said no can do. Squirming to keep from wetting himself, the coward jumped up and left me with the HR rep to finish it off. No "I'm sorry, this is hard in me as well" or any of that nonsense.
I blame myself for being so loyal to a company for so long and not moving on sooner. I had been so good at my job that I allowed myself to get pigeonholed into such a narrow role that I'm finding it almost impossible to convert into a new position.
So in some regards, when I lose my house and my family is evicted, I will place the blame on FactSet. But on the flip side, this experience has taught me to never be that loyal to another firm again. I will only be focused on the job at hand, and will be constantly looking for that next position.
I would strongly recommend anyone considering a non-engineering role at FactSet look elsewhere and be rewarded for your efforts.
Medical benefits are great especially for a family
Most middle management never worked anywhere else, Director level and above are now only concerned with their cost cutting bonuses, Product management is being moved overseas too heavily