The concept of “reverse diversity” came to me during this chaotic RIF and ReOrg. Apart from architects and data scientists, it is the third problem Fidelity must fix. If you have a team with 100% African Americans in... — read more 

My department has a lot of deadweight and has been toxic/hostile since the start of the pandemic. I was hopeful there would be some clean up with the RIF but it doesn’t seem like we’re part of it since most of us are low level. The head of my... — read more 

Hi, I don’t work at the firm anymore. I heard that phone positions only need to come to the office one week a month. I am unfamiliar with what phone rep people deal with, but I know they deal with a LOT of crazy stuff. So, salute to you guys. That... — read more 

Has anyone received any reliable information on how long Phase One will last? In the 900 building in Smithfield, it’s a total nightmare. Not enough bathrooms, desks, parking spots, takes 30 minutes to get off campus, etc - and that’s just for 50/50... — read more 

When the dusts of current RIF and ReOrg settle, architects and the data scientists are the two most costly and counter-productive roles that needs the closest scrutinies. **The existence of those helicopter architects is the... — read more 

I keep hearing the spotify model is dead. Nobody talks about what we are moving to, just what we are running away from. Please tell me not back to waterfall.

Lack of enough presence in office in Q1 may also be on chopping block next week

This is what we were told : Sr leadership are moving toward consolidating developers into larger teams (minimum of 10-15 people) rather than smaller squads. At the leadership level: VP-level Squad Leaders overseeing non-prioritized projects, small... — read more 

For layoffs

Checked with claude, they may save $600 M per year ongoing basis if they get rid of 10 percent people. They are paying double for Mainframe and Cloud. Also schwab is much leaner at just 35k employees. They may want to hire talented developers who... — read more 

This talk of going back everyday, it’s simply trying to downsize the firm. No way around that. What if the Johnson Je-k Circle realizes this is a really painfully bad idea some time into 2027 when they’re already executing it. There’s a reason only... — read more 

Confirmed 5% RIF including Dinosaurs who would be forced to retire.

I don’t think there’ll be massive layoffs. Big ones are in the news like Meta dumping 8000. This is not a big RIF. My dept is barely hanging on with work we’re so slammed, so there’s no way there’s cuts. Not at the level going on here with... — read more 

Anyone have info on how long they will give those who are laid off to stay in their role? I know sometimes it’s security walking people out that day, other times you can work for a few more months while you try to find another job.

Does anyone have any real information if there will be a layoff? I checked the WARN sites for most of the states with regional centers and there aren’t any announcements.

I was told Architects are so special and loved by sr leader that they always survive RIF

They took away our precovid lives where we had fun going into the office we had colleagues to associate with and life was normal. They forced us home locked us in and then wonder why we’re adverse to going in after we have proven we are extremely... — read more 

No matter what is the motivation for a firm to announce RTO mandate, is it any worse than HAVING NO JOB AT ALL??? In this current age of AI where everything is automated, consider yourself lucky to have a job in a firm who invests so much in your... — read more 

I'm not. I've been too chicken to quit on my own, so if they do it for me, and I get severance, even better.

People are getting informed now if their role has been eliminated. 5/5 will be official announcement.

That’s what they’re shooting for likely, then why further reduction needed?

Enterprise wide RIF happening on Thursday FTEs will be notified by noon Contractors will be notified after noon

Just checking in on you all. My leadership, that is typically very "real" in meetings totally stuck to the script for this announcement. Later on someone let slip leaders weren't even supposed to share they were provided talking points. What is... — read more 

But I’m honestly feeling like the Great Recession part two The fuel costs for offices will be severe as for drivers unless something changes pronto. But I feel uneasy on all the posts on here.

Some folks said the resignations are already starting to show on LinkedIn. One was confirmed yesterday, but I didn’t see who it was since it was on someone’s phone. Does anyone have a list or a post of those who have resigned, or has anyone seen... — read more 

As many are commenting about lay-off's, FAS is hiring! Of course, FAS is easy money for Fidelity. Quarterly income for simply picking mutual funds. Pretty much a rip off for the actual investing part- as long as clients realize they are really paying... — read more 

Do they even have enough space for everybody at some of these locations? I won't be surprised if they perform a big layoff before or slightly after the rto date.

My original post was deleted so I’ll filter this one. What counts as a reorg for a layoff? Half of my group is moving to another manager, but not a BU. The head of my department is losing half of their downloaded. Am I at risk?

... are a sign of impending RIF. Anyone seeing meetings or L3 travel abruptly cancelled?

Always has been. Now with a side of gas price misery.

Is India affected by any of the RTO mandates? How are they handling for Boston or NH staff the situation in the office? Will these folks not have assigned seats or are they at least dropping that id--tic practice.

Like the title says. The current crop is useless. We all love to complain. So who would you want to be leading various businesses and tech? Either internal or external. For internal use the current internal role instead of their names. IDK what this... — read more 

Over hiring in past 5 years AI is coming Space is limited 100% in office is coming RIF coming to go back to headcount 65~70K

someone is troling and we need to know if boston devops teams is really affected by wfh or mandate