Are those still a thing?
Agile cuts and changes - Flash call this morning
Here's what we know: Scrum masters to become "enablement lead" if you're liked enough, else made redundant Squad leads to be "engineering lead" if you're liked enough, else made redundant No chapter / squad leads or group chapter / squad leads... — read more
Budget cuts, agile changes, tightening of teams
Our teams just had a flash call, Bob wants to move quickly and how, An exceptional performer was told they have 3 months to look for new role at fidelity or negotiate severance. All that after fidelity had net revenue profit of over 3.5 B. Why... — read more
Agile changes
Can someone please explain the agile changes and job titles changes being introduced? I am based out of the US so didn’t get any email on it. Are they getting rid of scrum masters and SLs?
End of year reviews
Does an exceptional performance rating guarantee a promotion in Fid folks?
What Bob's building?
Inherited environment, culture of stress, anxiety, uncertainty from Roger, added his own flavor of further uncertainty among associates. When BME was announced, Rich was dead clear in sharing "everyone's going to be part of this model" Since he... — read more
RIF 950
While we don't know exact count, rumour and water cooler chats are a buzz about ~1k cuts at each location / BU. Majority of these are are level 6,7,8, squad leads, scrum masters and few 4,5 to make it seem random "business strategy alignment" Sick... — read more
RIF Incoming
Talked to two Grade 8’s - both in FI, who are extremely confident that there will be some sort of RIF this month, maybe 11/18. Sounds like a sizable cut. Another person I used to work with in PI Phones, high up, confirmed. Anyone else hearing... — read more
Well the ball has been dropped - Seems the other posts were accurate
Scrum masters, chapters, squads are "retiring" Wonder who's next on the chopping blocks. November 18th doomsday clock seems still accurate.
Salary range of Level 4 & 5
Anyone know the salary ranges for a Level 4 & a Level 5?
Big big changes to Wealth on horizon
A lot of group chapter leads, platform leads are up for significant role shake up. This won't be without impacts to associates at level 4,5,6. We are looking at complete restructuring of middler tier managers which includes delivery leads, platform... — read more
An answer to the earlier inquiry about Scrum Master salary
TLDR: me, another person on this site, ranting about Fidelity’s agile, and my potentially useless prediction. If they’re cutting agile roles, then I hate to say it but they’re cutting in the right place. Frankly, they should have laid them off last... — read more
Quitting in a call center role
If someone works as a call center rep, and plans to leave. Is there any legal repercussion for quitting in the middle of a team meeting with immediate notice? This person would never make the mistake of working for another securities firm again. ... — read more
Connect Week Policy?
Most of my connect weeks, I rarely stay the whole day... I usually do half days and then leave when the office clears out. I work 12pm-11pm est and think it's ludicrous to be sitting on a floor with one other guy at 9pm lol. I was just told by a... — read more
do we need architects ?
I am skeptical about the value of architects in modern development, especially when they operate in an ivory tower. The role often results in a pile of Confluence pages and diagrams that no one reads, adds unnecessary bureaucracy, and ultimately... — read more
No pay raises or shares for scrum masters and squad leaders?
Heard a rumor that there will be no base pay raises for scrum masters or squad leaders this year and very limited availability of shares for both regardless of grade level. Anyone hearing the same?
Bob is now a executive co-sponsor for WLG
Let’s make this as inclusive as it gets and just make the group for white men. Nothing like using DEI to shut down groups. 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
The company is overrun by detail oriented execution ant worker types with zero strategic vision and abstract thinking ability
That is why it's going to he-l in a hand basket. If you hear someone say, "im detail orienited" mentally translate that to "I probably focus on superficial details and don't have much in the way of abstract thinking ability and pattern... — read more
GCL dinosaurs
The Group Chapter Leads (GCL) role is proving to be counterproductive in our tech structure. Many GCLs, often promoted from non-engineering backgrounds like production support or testing, lack the essential experience in software architecture and... — read more
When Did You Retire
Per the title, if you have or are in the process of retiring from Fidelity and meet the rule of 70, what date did you pick and why? I know to receive your profit sharing and RHR contributions, you need to be an employee as of 12/31. If you have... — read more
Companies blaming AI for layoffs
I've been seeing more companies laying off employees blaming AI. Amazon laying off 14K corporate jobs. So many roles within Fidelity seem very robotic to me as it may be easy to utilize AI to cut overhead the question is on timing? If you work in one... — read more
The Great Indian Drama
"Posting here on behalf of an employee who is working at Fid India (as this website only allows posts from within the USA)." I am an L6 Principal Engineer in India and have spent the last 12 years at Fidelity, working across three different BUs. Over... — read more
HR Enterprise - a total mess
They brought in this woman who had no experience in HR to lead the function. Imagine managing a horrible team of old fogies who have been in their positions with absolutely no contribution. Hear she is moving to another function... only God save... — read more
What's the latest on Nov 18th rumor?
There's a buzz new round of changes are coming ONCE AGAIN to people's manager. Chapter leads, group chapter leads, delivery team leads are going to have new fancy titles. Not sure what's the future for associates level 5-7. Anyone knows what's the... — read more
Architects targeted
architects are the most talented people in fidelity..offlate we are being targeted for no reason.. please respect us
Another whinny post
Perhaps, I'm emotionally immature or just not used to toxic work culture. Fido manager seem to dump last min work items on you and react in a way they own you. And worse part, they let someone who fricking can't even understand anything remotely... — read more
Salary freeze this year
I heard rumor yesterday that no salary increases for Principal and above. Has anybody else heard?
What is the strength of the company
It’s clear that Fidelity cannot and will not develop managers to be leaders. Is there a strength that the firm has that could reshape my opinion of the firm? Things were better before the pandemic, but it doesn’t seem like work will ever go back to... — read more
Badge tracking
Managers: “Work in the office OR ELSE HR will catch you! 🤬” HR: “new managers misunderstand the policy and we have a 3rd party vendor, managers are notified of a trend before us” So is the truth that managers get a higher bonus for people being in... — read more
Been a week of flash calls
We had 3 flash calls this week already since compson announcement last week. Enterprise, architects and squad leads role definitions have changed along with key leadership roles. Still the ba----ds say, we will have more information in next 4-6... — read more
Looking for a change
I’ve given my department too many chances and it’s starting to be foolish for me to stay and expect different. Are there departments at the firm where if you ask a manager for help, they will actually be there to help not just blab on about the... — read more
NEW: a whistleblower at Fidelity Investments reveals gross incompetence, fraud, and discriminatory hiring among Indian H-1B employees.
https://x.com/realmattforney/status/1976861104736223445?s=46
The high road
If you make 2 or 3x the average household income in the USA, then you should be saving and index investing that extra 50 or 66 percent. If you don't, you are living a risky existence for stupid material things that mean nothing in the long run. ... — read more
October 21st cuts
Is anyone aware of cuts potentially being announced on Oct 21st? Lot of confirmed reports indicate there will be major cuts coming.