Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Manager to individual contributor

As part of re org, I noticed that some associates who were previously managers are now individual contributors. Was this a demotion or a lateral move? If it was a lateral move, does that mean their salary remained the same?

It’s 50%

The hr requirement is 50% for in office time. I’ve seen the policy in writing. I’m so sick of managers lying about HR saying how terrible they are. I honestly think managers bonuses are tied to the in office attendance.


Fid Wealth/Reorgs

When will definitive info come out about Fid Wealth, specifically about the FI groups that merged in recently? Our group is so insanely understaffed that normal maint are taking well over a week and teams which used to never have calls holding... — read more 


Must be nice to just be able to "Just Quit" to all those posting "Just Quit"

For all the people posting "just quit," I'm assuming you either have wealthy parents, a wealthy spouse, a trust fund, or simply don't understand that most American households rely on two incomes to keep the lights on. The idea that people can "just... — read more 


Outlook buzzing with flash calls

Hearing too many flash calls buzzing since this morning across multiple wealth, PI and brokerage teams. One team confirmed next round of cuts to apply immediately starting next quarter. Can anyone else confirm?


Clues that the layoffs were coming

Let’s talk about what happened in May. I was in the layoff group and I’ll tell you my clues specifically in wealth that I picked up on that warned me ahead of time. Granted I wanted to be laid off so I could leave with severance. Wealth head’s... — read more 


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Post ID: @OP+1ktn8t657

IT Architects

One of the most parasitic creatures in fidelity is architects. Most of them are completely useless and talks rubbish in the calls. They are the biggest bottleneck to delivery. Why do we need these low calibre people?.Most of these people are from... — read more 


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