Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Soft Layoffs begin at Fidelity Investments

After a record margin year, Fidelity gives 0 bonuses, 0 increments and 0 shares to many associates, even the ones rated as Exceptional. I wonder what drives this decision this year. The brunt is felt more with the ET guys. Whats with other BUs?

Former associate

Where do I find my 2024 paystubs? My advisor wants to guestimate my tax situation. I don't see it on netbenefits. Any help would be greatly appreciated.

by
| 600 views | | 1 reply (December 4, 2024)
Post ID: @OP+1vNmQNKz

Thanksgiving blues

Here I am on thanksgiving listening to friends and family talk about how happy they in life and at work… just thinking about how many seconds of freedom I have before turning myself back into the loony bin back in the office.

by
| 1350 views | | 5 replies (last December 2, 2024)
Post ID: @OP+1vIFT2XI

My manager is a mother of all micromanagers

I half-expect them to follow us all the way into the bathroom. They negatively affect our performance. Too much interference, too many questions, too many pointless suggestions. My workflow is being interrupted all the time, and it really is... — read more 

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| 1060 views | | 3 replies (last November 30, 2024)
Post ID: @OP+1vH3yduf

Next Pulse survey?

When is the next one? I find it therapeutic to bash them. Actually perform better after.

by
| 1240 views | | 5 replies (last November 23, 2024)
Post ID: @OP+1vz3WkXw

No way to cut the bloat?

I'm a frontline L7 manager enjoying the work, the serving of other teams and being the thought leader in my area. My boss and skip only know superficial stuff and do the bare minimum which I normally ignore unless being reached out. But when my boss... — read more 

India Leadership

What are your thoughts on the leadership in India? During a recent visit, I found their performance to be somewhat mediocre. They don’t seem to be actively involved in teams or delivery. What purpose do they serve i?

Yearend firings started

Who got affected? type of folks being targeted? Looking for information.Seeking legal help for a friend.

by
| 1570 views | | 2 replies (last November 16, 2024)
Post ID: @OP+1vvJBNoc

VBO rumors....

Heating up again! What are people hearing?

by
| 2430 views | | 8 replies (last December 2, 2024)
Post ID: @OP+1vu2K9bG

Ready To Quit

So, I have always been a trooper and respected people no matter their background. Things have gone too far with preferential hiring policies. My last three positions have involved me having to do significant clean ups of data and processes. Each... — read more 

by
| 1390 views | | 7 replies (last November 16, 2024)
Post ID: @OP+1vtQyH6x

Solution to Fido zeroing out ratings here

If you have the time or inclination, anyone can skew the ratings for posts here. Purge browser cookies, restart browser, load this page and increase/decrease rating. OR Create multiple browser profiles and switch between them It’s all... — read more 

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| 700 views | | 1 reply (November 13, 2024)
Post ID: @OP+1vttYxO7

Idea for back to remote working

So if people complain that they're being triggered by office talk about the election results and they feel the office is a threatening environment, they probably could get remote again. You need a safe space from all the office rhetoric and that safe... — read more 

by
| 1240 views | | 6 replies (last November 16, 2024)
Post ID: @OP+1vtOQaZW

2025 Fidelity Workforce Changes

Fidelity is being pro-active in reducing US headcount as more positions will be moving overseas due to immigration changes coming in 2025 with the new administration. H-B1 count has already been drastically reduced from 2024.

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| 2660 views | | 6 replies (last November 13, 2024)
Post ID: @OP+1vrTHTBT

You got roasted! Lol

Ha ha so funny Fido is famous https://youtu.be/WO7xJVAvuWw?si=za9L1TZHz2fkC6Rr

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| 1570 views | | 8 replies (last November 19, 2024)
Post ID: @OP+1voIXoVP

Optimal time to leave Fidelity?

A few months to my fourth year anniversary and thinking of leaving. Is the 0%, 20%, 40%, 60%, 100% vesting schedule rolling or not? Say if I wait after 5th year of service do I get all or just one year's profit sharing vested 100%? Thanks.

by
| 1180 views | | 7 replies (last November 10, 2024)
Post ID: @OP+1vnLyZbF

Filthy Office

Not sure if it’s just because I’m assigned to an old building, but anyone else notice how disgusting the office is? The carpets probably need replaced, but damn shampoo them. The tile in the rest of the building is so dirty that tiles are two... — read more 

by
| 1040 views | | 5 replies (last December 28, 2024)
Post ID: @OP+1vmIpVYe

Can we vote for a new CEO

Abby seemed to do fine for a few years but she doesn’t really seem capable of running the company of this size. Senior managers were constantly criticizing her in town halls and her poor choices are now obvious to low level reps.

by
| 1120 views | | 8 replies (last November 9, 2024)
Post ID: @OP+1vmyQPdk

Next Pulse Survey

When is the next one? Can't wait, will be even worse then the latest one.

by
| 930 views | | 7 replies (last November 6, 2024)
Post ID: @OP+1vkZPPPv

Abby, our pulse score collapsed

Management consultant: Abby, our pulse scores are the worst in 30 years. Associates feel bad, clearly. Abby: What is to be done? I have already ordered them back to office 50%. Management consultant: I shake in awe of thy wisdom. I too am... — read more 

VBO vs Retirement packages

Im thinking about retiring but im concerned there will be a VBO right after I leave How much better is the VBO package vs. Retirement package? Im 56 / 22 yrs

by
| 1930 views | | 9 replies (last November 13, 2024)
Post ID: @OP+1vhz3Ge1

Power Takeback

Despite the record profits. The company replied with reduction in benefits, chipping away at things that made our work slightly enjoyable in office, intentionally understaffing cafes, reducing budgets, poor employee experience management. The extent... — read more 

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| 1950 views | | 9 replies (last November 9, 2024)
Post ID: @OP+1vgv073F

Connect Week Exhaustion

Not a layoff post just a general observation. I think the rotation between connect week and WFH is kicking my butt. I wake a good hour and a half early to get ready and fight traffic. Sure, I could just maintain this early schedule but I’m not going... — read more 

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| 1410 views | | 5 replies (last November 4, 2024)
Post ID: @OP+1ve9tgfg

Anyone over 50 hitting a wall with job hunting?

I've been job hunting for months, knowing my time here is probably winding down, but I haven’t even landed an interview yet. I’ve got tons of experience, but it feels like no one’s interested. Am I missing something here, or is it really this tough... — read more 

Scammers

Anyone read about the latest way that scammers are fleecing Fidelity and other financial institutions? They are clearly associates who understand exactly how security protocols are structured. All IT systems and security protocols for account... — read more 

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| 640 views | | no replies yet
Post ID: @OP+1vcQk0qq

Now Former Chief Privacy Officer

Anyone with bonafide feedback on the now former Chief Privacy Officer - Chintan P. Yeah his LinkedIn has a lot of fluff but any real feedback on him? He’s already taken on a role as a CPO elsewhere probably after the China incident doesn’t look like... — read more 

Unionizing in Covington?

I work in Investment Solutions at one of the regional centers and I've heard talk about some sort of unionizing effort this week. I can't imagine all these white kids ever actually attempting to unionize, but who knows. It doesn't even appear to be... — read more 

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| 1000 views | | 5 replies (last November 12, 2024)
Post ID: @OP+1v9Hfz5u

Customer response to RTO

We don’t have a preference for where your team works from, as long as we receive the same high standard of service and support. Allowing flexibility for your workforce is fine with us, as long as it doesn’t affect our experience as your customer... — read more 

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| 790 views | | 3 replies (last October 25, 2024)
Post ID: @OP+1v9Wu2i7

Data breach

I took the VBO, but from what I can gather given all the security controls and policies in place, there must be some real concerns with an insider threat from China. They let 500 associates go that worked out of Dalian and those resources typically... — read more 

Best advice ever given by a Fidelity employee.

Anytime anyone has a complaint about us, just tell them to BlackRock 
 Vanguard 
State Street Global Advisors 
J.P. Morgan Asset Management 
 Morgan Stanley 
 Charles Schwab 
 T. Rowe Price 
 Goldman Sachs Asset Management 
 Wellington... — read more 

by
| 1030 views | | 2 replies (last October 22, 2024)
Post ID: @OP+1v6mTU2E

Disappointed, moving my investments.

While I am not a Fidelity employee, I do have my investments with Fidelity….UNTIL I move my retirement and brokerage account elsewhere. I am disappointed in the breach that has occurred. Providing a year’s worth of credit monitoring does not cut... — read more 

VBO 2025

Any news on a VBO in 2025

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