Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Chaos in KY, SLC

Too many folks about recent off-site. Is it true people are asked to relocate to Boston or quit? I am in wealth KY and worried

Lady breaking down

Saw a lady brokedown in SLC cafeteria. Overheard conversations that Brokerage is asking her to relocate to Boston or her time in the organization will be terminated. Can someone confirm wtf is going on?

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Post ID: @OP+1jvvz3zwz

Relocate or quit

No more permanent WFH exceptions. Doesn't matter what your contract said when you were hired or when you got WFH exception. Everyone is being asked to "assemble" to a location so they can "mass fire" it seems. SLC, KY folks are asked if they can... — read more 

Has anyone ever come back from a PIP?

I'm not on one, but a coworker was put on a PIP and decided to quit without even trying to fight it. I personally don’t think it was deserved and he shouldn’t have just walked away, but that’s neither here nor there. I’m just curious, if you’re put... — read more 

Reorganizations and broken technology

Joined not long ago. Already on manager number five. That’s roughly one every couple quarters. We talk a lot about progress, but it feels more like constant reshuffling than real momentum. The technology’s still unreliable, and most of these acronyms... — read more 

Brokerage cuts

NC, Boston brokerage / wealth workforce to receive significant cuts. Level 5,6,7 and few 8s confirmed to be impacted.

Cuts in Wealth

Track IT data, attendance, location all considered. Can confirm other layoff posts around fall. Got to know this from a reliable "source"

Layoff

I’ve heard that many GCLs, Architects, and L-8 SLs are on the chopping block. Most L-8 SLs essentially function as glorified Scrum Masters, while Architects are organizing meetings that no one attends. In today’s cloud- and AI-driven landscape, it’s... — read more 

Grow brokerage

Does anyone know if the “Grow Brokerage” training and skill set is supposed to come with a raise? It seems like a lot to have everyone in service learn and not give a substantial raise for.

Karma is a B

Two years, 4 managers, countless flash calls every other week. Unlimited doze of stress, anxiety, uncertainty and still not over. I really wish the higher management gets to meet their karma. You've made Wealth / Brokerage complete joke for... — read more 

Fall cuts confirmed

With latest reorg (once again) which has been going over for past two years, expect brokerage and wealth to have cuts across multiple streams in Fall. The data from track it, will be used to measure those who make the chopping board (still unsure... — read more 

Pros/cons of being a scrum master @ Fidelity

Currently a software engineer exterior to Fidelity. Previously worked at Fidelity as a software engineer. If I remember from working at Fidelity a few years back (before COVID), Fidelity was really pushing for the agile wave. I’m trying to measure my... — read more 

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| 1250 views | | 4 replies (last May 20, 2025)
Post ID: @OP+1jvmkbj47

No alternatives

I've been trying to leave for over six months and I've had zero luck so far. A few responses, fewer interviews, and just two offers so far, both trying to lowball me to an insulting level. I don't know who can be brave enough to decide to leave when... — read more 

Two Truths & The End Approaching

VBO communications will be going out in July. It’s said to be a lucrative offer. Potentially giving the option to take it Dec 2025 or Dec 2026. Then late July/early Aug will come the declaration that we will be moving away from WFH in Sept, as much... — read more 

Diversity Report

I’m very concerned that the Diversity Reports have been taken down. Should I be worried.?

New Area

My previous work was in an area where everything was onshore in the USA. Now, I am in an area where everything is overseas. Wow. What a difference. Project management and most VP slots are WW. They throw everything over the wall to offshore. ... — read more 

Roger

I am quite new to Fid Can someone tell why Roger is not liked?

Reorg

Will there be layoffs this time?

Brokerage - What a sh*t show

Sick of so many flash calls every other week. Really starting to affect productivity now with so much anxiety, uncertainty. Can't they just freaking do that they want to already, why keep your teammates under dark???

Manager survey - Follow up

How does one respond? My manager had no clue what I did with the other team I was loaned out to. Pretty much entire leadership team in my group were gone due to org restructuring. I personally felt I exceeded all the expectations however I got SP... — read more 

Manager survey

My boss is a credit taking, politics playing and trade ignorant dead weight, yet I picked highest ratings on all of the questions. Why? She has only two reports and the other one is a brownnoser. If Fidelity want true opinions, do more about the... — read more 

Boomer Karens and Chad

They hold so many critical level 5 and even level 6/7 positions in some cases. But they don't know basic difference between an apple vs windows machine. Yet their only real "talent" seems to be belittling their own teammates, picking on them (due... — read more 

How good is HR @ Fidelity?

We all hear about tech not being that good and complaints about inadequate phone people. But what about HR? How good is that department? They have to deal with the pushback of people doing connect week after all. And even though everyone knows... — read more 

Emerson replacement to cut fat

Level 8/9 who made lots of money already know this. Your manager knows it too, that's why they're not micro managing you coz soon you'll not be their problem. Your quarterly check in feels like nothing but a BS session where instead of judging for... — read more 

What do VRBO packages typically look like

I see quite a few posts about people discussing voluntary retirement buyout packages, I realize senior management's package would look a lot different than say a level 4. Just curious of those that have experienced or have seen the package what it... — read more 

Cliques in workplace

How does one handle cliques within team. It’s very subtle but constitutes to exclusion and a feeling of isolation . Due to Cliques / best friends within a sub set of people favoritism is also rampant and work opportunities missed. Did anyone have... — read more 

So many architects

Why are these roles necessary? Do they add any real value to the organization? Architects feel like relics from the outdated waterfall era

Fall will see falling of roles

Heavy AI focus, there will be no more SL and similar other roles (IYKYK). All product areas to be aligned to ONE location, no more distributed teams. You'll be eliminated if your location isn't same as your direct manager or chapter lead. If... — read more 

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