Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

About relocation posts

Understand the pattern. If you're not in a location where majority of your team is, be wary if: A new team member joins your team in a location where majority of the team / your manager is. That team member immediately starts talking to you... — read more 

Too many leadership levels

I'm actually heartened to see that I'm not the only one frustrated with the multiple layers upon layers of 'leadership' at Fidelity. I recently was told to lead an effort to repair data. It was me and one other EE 'in charge' of repairing the data... — read more 

Position moved to NC

I am sick to my stomach as I write this and filled with anger, frustration, despair, sadness. I was told this morning that my position is moved to NC from Boston. I have to tell my snake manager by the end of this week if I WANT TO UPROOT MY LIFE... — read more 

With the relocation

I will be moving to smithfield in the next month, if the COLA in my current area is lower than smithfield would I get a COLA adjustment to my salary or would I need to wait until annual raise

Wasting Away

Having it take over 30 mins just to get off the Smithfield campus every day each connect week is fing ridiculous. Then you have to deal with a totally congested Rt 7 which has seen a ton more accidents. Someone high up the ladder must be getting off... — read more 

Tight Promo Cycle

Heard it could be a tough promotion year, since we're already top heavy in the Director and VP roles. Bring on the VBO! What are you hearing?

Will Fidelity be hiring more newbies to groom?

Fidelity went through changes over the past few years. New blood will be needed to go with the new norm. That being said, new blood as in “new from college” would also be ideal. Programs like Leap and other training programs for new grads that... — read more 

Are your manager soliciting DARN feedbacks from you?

ehh, what can I say? "you, my dear boss, don't do much other than acting as a middle man slowing down things because you try to put your fingerprints on everything"? Am I incentivized to provide the same feedback to my skip? If my skip didn't reach... — read more 

Annoying overenthusiastic folks

Understand you are new to the team but calm tf down. There are so many of these "yes-man" and "yes-women" types who barely make any progress on their tasks, yet want to stick their nose into other people's business just so their managers can see... — read more 

Melia announcing cuts (repost)

Since Roger retired, the team is reconciling the track it reports, recommendations he shared for trimming budget across Wealth BU. With that said, Melia seems to be announcing broader cuts starting August, going into end of year due to colocation... — read more 

Connect Question

I’ve received different answers within my team: if you have a PTO day or two during a connect week but then have to WFH another day that week, does that matter? Some say who cares you lost the week anyway (about the 60%) and others think it will be... — read more 

Devil boss

Anyone else have a manager who ghosts the team for days but will always try to zoom with you the last hour of the day, just to make sure you hate your evening as well? At first it was just annoying but she does this all the time to many of us.

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 

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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 

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