Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Is dyed hair unprofessional?

What do you think? Looking to be least-fireable, not necessarily chasing a promotion right now. I get the sense many folks on here are more tenured. I show up clean, respectful, proper, good performance. Just not sure how much anyone really cares... — read more 

New management needed

Fidelity would really benefit from cutting all managers and starting from scratch. There have always been bad managers, just not this many. Weak managers sunk this ship.

Cuts in April - the numbers

Sounds like quite a few people. Is this accurate? Rumour has it, third of employees in every division. I won't be surprised if it's 10 - 15% overall across Brokerage/PI, which is what was discussed in the offsite meetings. OP:... — read more 

Tech Reorg announced

Why do managers try to keep things a secret. This site called tech layoffs in April, months ago. Sleepy Joe is gone guys, (not a Trump supporter) wake up. People have eyes.

No VBO Email

Thanks alot, losers!!! Fidelity can’t trust the under 40s to carry the load. Respect your older workers. We are obviously carrying the load and why you have a job!!!

Tumbling market, April cuts

Last year's cuts were due to interest rates, this time around its the tumbling market that's gonna be the reason for the hammer to strike. As other posts have mentioned, I can attest cuts are just around the corner. Company calls end of March /... — read more 

Zscaler, 6hr continuous monitoring

Big brother (Roger) wants 6 hours of "continuous" screen time as opposed to 3 hours previously. If zscaler thinks you're not on your system logged in, active , available for 6 hours during business day, you'll be in trouble. Pair it with inability... — read more 

Expect wide spread cuts April - Fall

Y'all probably not gonna believe this and disregard this post. But I consider this as my duty to keep my fellow colleagues informed who might get impacted. I'm surprised how the previous two layoff posts were dismissed. Last year we had about 700... — read more 

Don't leave your job over something that doesn't exist

If layoffs are your main motivator to leave, I’m sorry to say, but you won’t be able to escape them wherever you go. Everybody is cutting people these days. If other factors are pushing you out, then by all means, run and don’t look back. I just feel... — read more 

Squad Leads are glorified scrum masters

A question frequently arises regarding the necessity of numerous Squad Leads and Architects within modern technology teams. It's pertinent to evaluate whether these roles consistently deliver tangible value, or if they inadvertently introduce... — read more 

Are there good managers anywhere

I work in PI Operations and the managers are such a joke. Clint’s method was to hire people who were unskilled and unqualified to make reps go to TLs. That might have worked if he didn’t fill the entire department with new and terrible managers. I’ve... — read more 

Clown Town

I used to get upset about the silly things that Fidelity did like make an associate role requirement needed at least a college degree… then putting someone in who barely passes high school as that teams manager. Then I realized, people literally... — read more 

Jokes On Us

A Director in my BU told his team that the Connect Week 60% in-office rule is no longer a thing. BUT they’re still watching everyone closely. This coupled with reorg changes, xtrac workflow sc--wups and “motivate by fear” tactics has so many people... — read more 

How are you faring with your job search?

I’m a long-term employee, but the increasing frequency of layoffs has made me start scouting the market now and then. Not because I want to change jobs, but because I want to stay informed about what’s out there. I haven’t seen the market this... — read more 

VBO, Webinar About Retirement

Fidelity has webinar about retirement on March 20. This went out to all associates that are eligible. Does this mean no VBO?

Managers are a joke

My manager is always hiding during the dynamic weeks and people on my team have started coming to me for help. It’s extremely annoying to shoulder this burden for my inexperienced manager. My manager is the only one constantly MIA most of the day... — read more 

Get this off my chesst

Long timer Fido here. Wanted the VBO. Deserve it. I've done it all and quite frankly I'm valuable and dare I say indispensable. VBO not happening because kiddos Fidelity hires these days can't be counted on in the clutch. They don't even show up... — read more 

March Layoffs

In the office this week but haven’t heard anything yet in SMT. What groups were impacted so far? Do folks feel that more layoff notices will go out throughout March? As if the work environment couldn’t get any worse…

If the last two posts are true…

Just when I was thinking this site had unreliable information, there are posts confirming speculation. I am much more prepared since it was posted online months ago and I had a heads up.

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Post ID: @OP+1jngg5c7w

Fidelity is no longer a stable company

A lot of people come work at fidelity because it’s regarded as safe and stable, you can expect to work for years without fear of layoffs. This has changed over the past few years as fidelity conducts layoffs almost every year now. I will be jumping... — read more 

How large will the layoffs be?

With reports that notifications started being sent out today, some rumors suggest that the layoffs will be significant. This makes sense, given all the restructuring taking place. If you have any reliable information, please share.

It's happening folks

Lots of AAM and roundtable meetings are scheduled for March and April Expect the bo-b to be dropped on mid March or end of April . The impacted employees will start receiving communication from HR in next week

No V B O Email

It’s March and no V B O email. Get back to work, you lazy bones!!!!!

McKinsey or Bain?

Which soulless management consulting firm do you think fidelity went with for this clusterfck of a reorg/RTO plan?

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Cloud Migration

How’s the migration of legacy apps to the Cloud coming along? Are they still hiring AWS Cloud Engineers? Asking for a friend.

V B O Possibility

How do I know, I've heard the following phrases from those who probably know. "The Workforce Alignment Matrix has been recalibrated." "We’re rolling out a Legacy Transition Opportunity Window." "The Resource Optimization Dashboard is live." "The... — read more 

TrackIT

Dear fidelity leadership. Do you actually think trackit will tell you how much time is actually spent on a body of work? This is just asking for people to copy paste x number of hours into the same thing everyday/week and it’s just a waste of time... — read more 

Name 5 things you did last week

I mean that bar is set pretty low. Even for government workers. I already took 2017 VBO and come back here time to time to see what’s happening at the big green machine. In my career, we’ve had to do things similar to justify our jobs. Public sector... — read more 

Discrimination

I reported discrimination to my manager then they yelled at me. Great company to work for.

No More Pulse Surveys

glassdoor is a better way to let them know how they are doing anyways and will help the PR team stay busy with their clickfarm

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