Fidelity is going back to white men running women’s groups and back to fear of layoffs and downsizing as a business strategy.

We need to be audited so fidelity will feel the pain of the Covid hires in their wallet. We would fail any audit, management is so weak no one knows what’s going on and they just blame the lowest person on the totem pole. It’s sad a company of this... — read more 

From reading comments it seems like layoffs happen annually. So that being said, how many people will likely be impacted? The company should not stress the entire staff because of a few hundred tech roles. Right? I just want to be able to relax. — read more 

A wave of layoffs is imminent. Many individuals will face challenges, and numerous companies may go bankrupt. Consider leaving big cities for smaller towns and start saving money.Those pests who are in grade 8 or higher might still manage to survive — read more 

I’ve been at the firm around a decade and I’ve been trying to remember if I’ve had a manager that I like and a manager that was good. I’ve had one of each, never both. Most have been terrible. Maybe that’s just how things are these days? — read more 

That really big layoff we had last year... does anyone know WHEN management received official word that a layoff was going to happen? Does anyone know when the signs started to show that the specific layoff was imminent? Thanks, have a good weekend... — read more 

Was there a layoff in India?

Well. They are getting rid of 150 positions in Albuquerque. They closed half the center about a year ago... Got rid of some of the amenities. I commented here that I saw it coming. If any of you execs are reading this site, have some... — read more 

It makes me so sad to go in the office and constantly hear people talk about how much they hate their spouse or kids. We all have bad days, but I would have thought people would be more sensitive to infertility. If you have kids, just know you... — read more 

They have started “looking” for reasons to write people up and gave out a lot of documented or-l warnings. People on my team are being laid off year long for not meeting 5.75 call an hour goal. Be on the lookout RIF is coming this month.

jobs being sent back to US 6-9 mo

And then some. Don't think you're safe for a second.

If there aren’t cuts on April 22 then what? Will we even know if there are cuts?

Market collapse is going to force layoffs. How many is Abby gonna cut by 6/30 ? 2500 ?

Funny how I've seen so many L6 and L7 individuals in leadership roles. It's just awful to see them talk about something they have zero clue on, nodding head with visibly "lost" look on their faces. Most just pretend to be on incident calls for... — read more 

He was on today one on one interview, he provided his market analysis, thinking, etc., during this insane market cycle. Made me wonder how Abby would do in the same setting.

Level 4, 5, 6 If you're not in a location same as your manager or your manager's manager, consider you're on a bath for being RIF'ed You'll notice your manager not micromanaging you, not bothering you every two minutes to get updates on something... — read more 

Anyone have insight into next round of layoffs by business unit or group? I keep seeing April 22 in posts for Wealth group. Any specifics?

For a minute I thought fidelity was one of the best companies and feared for smaller companies because of what goes on in the office. Then I realized that smaller companies don’t have all the red tape to cut through so they wouldn’t be met with... — read more 

There is so much fat to trim in operations roles. Don’t ask managers for their feedback, they will lie. Look into the numbers and know they can be faked

Maybe the office politics stems from all the inequality and discrimination that happened during the pandemic. Going into the office is more like going to daycare. There are always screaming babies that have something to prove. May the odds be ever... — read more 

Someone wanted to research if people would be considered expendable due to AI's emergence. As someone in tech, I came to answer. As someone who wasn't in Fidelity for a while, I assumed ops means people who work the phones. Again, I wasn't at... — read more 

I’m so sick of managers saying “that’s not MY job, that’s YOURS”. When it’s not my job, I just go to HR to report my manager has been notified

All of the other votes were zeroed out around that time. Seems like marketing to criticize employees rather than fixing the company culture.

Serious question. This seems like the most automatable business unit and I don't really see the need for anything other than 20 or so reps that would manage the inbound BUs

I heard about this site. Thought I'd give it a look-see. Talk about the most ungrateful people. Many of you, and you know who you are, don't deserve a great company like Fidelity. Many of you, and you know who you are, have no idea what a bad job... — read more 

The company is floundering and toxic. Layoffs are the only way Abby and her minions can gain control again. The company would fail any audit for all the mistakes they made with over hiring and nonexistent quality control. Please send auditors to... — read more 

I heard a rumor of mass layoffs in PAS in Merrimack. Can anyone confirm?

Fidelity alumni here, wanted to go back but looking at the dynamic work "model" out of everything, maybe not so much. I've heard different situations of multiple people not coming into an office. Some people left altogether - unsure if they quit or... — read more 

Any truth to that?

Work at Fidelity in Due Diligence for the longest time ever. They had a previous Senior Manager who hired her friends and babysitters and converted all her people including the lazy ones into permanent while she got rid off the smart and people who... — read more 

Howe is disgusting. People are coughing and sneezing all the time in the building and more than normal seasonal allergies. The air quality is low and the restrooms stink over a long period of time. The restrooms are regularly out of order. Is the... — read more 

Anyone else not able to read posts and comments because an ad is hiding the page?

Anyone hear rumors of layoffs coming for FI? I know teams are beyond skeleton crews, multiple groups helping with processing volumes, grade 6 and 5s tasked with mandatory extra hours to do other role’s responsibilities. Maybe it could happen but... — read more 

Too many temp workers (contractors) being asked to carry load of "entitled" individuals who don't have any idea whatsoever of how things function. Boy oh boy, I'll be watching carefully when they realize what they have done...

After CTG, the priority shifts to wealth, likely leading to layoffs. Roger is having a party.Expecting cuts around L8s

With CTG hit this week, expect wealth and brokerage to get the axe next.

I’ve been an SL at this company for 13 years, and I’ve never seen so many managers—especially L8 employees—who seem unsure about their roles. There are numerous L8 GCLs, CLs, SLs, and Architects who don’t appear to know what they’re doing... — read more