Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Albuquerque Center

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 

Family Problems

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 

Lower tier employees

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.

Layoffs ?

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

Pretentious individuals in "leadership roles"

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 

Larry Fink on Bloomberg today

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.

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Relocate, quit or be ready for lay offs

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 

Next round of layoffs?

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?

Too big to fail method

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 

Toxic Office Politics

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 

An answer to "Do we need Ops?"

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 

Do we need ops?

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

The Ungrateful

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 

There needed to be layoffs

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 

Layoffs PAS

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

Disciplinary action for not coming to office?

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 

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Sick professionalism at Fidelity

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 

Clean Howe

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 

FI Layoffs?

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 

Make fidelity great (white) again

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...

Wealth is next

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

Ineffective Leaders and Misguided Architects

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 

April end bombshell

If you're JL 4/5 and your manager has more than 12-13 reports, your manager knows they are on path to have additional team members get RIF'ed. Anyone who says otherwise is obviously lying. Expect the decision to be communicated soon.

Bust your back or be entitled

What a strange culture shift we have going on. Temp guys (we all know who they are) are being made to / feared into busting their backs or risk being laid off.... While the obvious entitled ones (you know who you are), who are clearly not up to the... — read more 

This is not what I signed up for

I took a job here thinking it’d be one thing, but turns out it’s a whole different story. The vibe, the workload, the actual work - none of it matches what was promised. I hate how tough it's to know what you’re walking into before you end up stuck... — read more 

Up and down votes = 0

Amazing how many posts have the same number up and down votes to equal zero…. Hmmmm. Something fishy in the hen house going on. Everyone sees right thru what HR is doing. SMH.

Fidelity drones to hoover over WFA workers homes

Secret project has been funded to ensure WFA workers are not going away from their workstations. Drones are to hoover over randomly choosen roofs to check if workers stay at home or maybe are going on a trips... Those who get spotted will be asked... — read more 

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