Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

What now?

My group in FI, made up of a few teams, has been losing really good associates consistently for a while and recently we started not backfilling. These are client facing associates had huge firms on their books and no backfill to replace the direct... — read more 

This place rewards compliance, not results

The ones who push for change burn out or get ignored, while the "yes-men" climb the ladder. Hard work means nothing, it’s all about playing the game. They literally turned me into a bad employee because I figured out what it takes to progress here. I... — read more 

Quarterly check in - Does it even matter?

My manager seems to be lost when it comes to QCI. my review happens pretty much half way into next quarter where my manager would simply use any latest incident to highlight “I could have done XYZ” instead of actually focusing on last quarter... — read more 

Seems the whole system is against you

I'm going to be honest, not to sound a narcissistic I feel overqualified for my job, which seems evident as my manager also seems to know that. I have done so much work for one person that so many long timers in this firm can barely manage to do... — read more 

Diversity as perf metric for people manager

One way to counter those teams or orgs with only one identity is to add diversity as a formal performance metrics for people managers of those teams orgs. If they don't improve on diversity in their team, they'll be punished. If Microsoft can make... — read more 

TrackIT Fraud

Noticed there is an "X-X Architecture" epic created on our Jira board. An empty epic with no stories. You can only imagine what's for: the architect assigned to us who does nothing but reverse engineering a few diagrams need to log her time... — read more 

Dynamic Weeks

Every other week in office schedule holds! Connect Weeks site and who’s who updated till February. No official announcement yet so I’m not holding my breath.

Question

would you rather work somewhere that moves fast but treats you like disposable, or somewhere that invests in you but makes you want to pull your hair out with how slow decisions get made?

fight back with calculated Mediocrity

I used to think being hard working, honest, smart, and caring about Fidelity's growth and prosperity would be a ticket to professional success. That was when I was an ignorant youngin and here is what I learned (I have left the firm since) Take... — read more 

Understand that this is all one big game

Your manager is suddenly micro managing, docking bonuses, botching performance reviews? You’re not the only one. Take a look on other websites like Reddit, you’ll see a lot of the same thing happen all across America. This is manufactured by design... — read more 

When Leadership feels exclusive

Why does leadership often seem like it’s part of a clique? When the same people are hand-picked, closely aligned, and hanging out, isn’t that a form of favoritism? Could it also reflect insecurity or a lack of real leadership — avoiding broader... — read more 

FMR

A common joke was that FMR stood for “Forever Moving Rooms” might need to be updated to “Forever Moving Reps”

Keep the unqualified managers. That’s fine.

When I first joined, the firm had strong, natural leaders—people who led by example, not just by title. But now, with unqualified managers in power struggles, the culture has shifted to 'That’s not my problem.' Simple fixes are being ignored because... — read more 

by
| 730 views | | no replies yet
Post ID: @OP+1jztwv6p0

Stuck, underpaid, and over it

No raise. No shot at moving up. So now I'm doing the bare minimum while I hunt for something better. They get what they pay for.

Wealth is going to get hit

Colocation is going to hit wealth. While the executive CIO stays comfortable with their locations, commute it's the level 4 to 7 who is getting impacted due to colocation. I was told this morning my location is being moved to NC from Boston. .. — read more 

Clueless as to how managers are selected

My manager skips 1:1 with no warning, has team meetings whenever they are able to “fit it in” their calendar (seriously wtf) and will not respond to emails from the team. Sometimes trade approval takes MULTIPLE DAYS. How are people with no time... — read more 

Confirmed cuts in next two quarters

Fidelity to cut ~4k workforce over the course of next two quarters. Majority of these will be up to level 6 and 7 individual contributors. First round of cuts will be announced end of Q3 And next beginning of Q4 to report another year of "record... — read more 

Not even mad anymore, just disappointed

Today was it for me. I realized it’s true- no one cares anymore. Where’s the standards of care? Where’s the green line? Does anyone even care what the customers think anymore? Tech issues, website issues, certain department’s service quality... — read more 

Hard work and loyalty don’t pay off

I've been here for several years, consistently exceeding goals, mentoring new hires, and taking on extra work. Yet promotions seem more about who you know than what you contribute. Hard work and merit only go so far. If you’re not part of the inner... — read more 

DARN, Flatten the Damn Org Already!

It's the start of Q3, had to sit through and waste 2 hours of my time with my boss's quarterly planning "staff meeting". There were only four of us, three frontline managers and my boss. My boss's boss has only two reports, I bet the three person... — read more 

Interesting article...

Fidelity Investments Expands Remote Career Opportunities Globally https://share.google/me7RLbepRlsJDEwyn

I know it’s not smart, but is it dangerous?

My manager and I do not get along. I have tried everything I can think of, but it’s not helping. I want to ask to be moved to a different manager. Is this something I can request through hr? I don’t believe things can change with my manager and I’m... — read more 

Is Fidelity jealous?

We had a meeting recently titled “Why Fidelity” and most of the meeting gave the energy of an abuser trying to gaslight you into why their abuse was the best type of abuse. I also noticed that they kept mentioning a lot of their competition in a... — read more 

People playing favorites

I was asked to relocate from FL to Boston at my own expense (which I did). I was not given WFH exception when I asked to allow me settle down at new location 🚫 I was not given WFH exception when my car broke down🚫 I had to Uber those days into... — read more 

My company, I'll run it (down the ground) how I want

If you heard latest talk from Abby, she really wants people to come "together" literally to brainstorm, a.k.a all teams at one office site. A lot of level 5, 6 is what I have been hearing asked to relocate. A teammate of mine who moved from boston... — read more 

Should I be worried?

Someone in our team was told their position is moved to NC from Westlake and so they were given last day as end of Aug, unless the move at their own expense. I am based in Boston and we have a new member from another chapter join us. They are based... — read more 

How do these even get to management?

Fido is plagued by managers who often act emotionally whenever s*t hits the fan. They have zero emotional intelligence to handle a situation and resort to yelling, bashing their own associates when they themselves aren't sure about their product... — read more 

Start a new thread - post a news comment, question or message:

: