Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

nonsensical statements by Management

In the last two tech all hangs, I heard statements from Rogers Directs like "People should work in Fidelity for all great tech work and not Google, Amazon" "Why are people joining other places for a pay hikes, and not having a great career here"... — read more 

No care for the future

Honestly. Systems have been breaking left and right, things are just unreliable and clients are beginning to notice. Pay top dollar for the top people, we have the money to do it. We either have stupid leadership or they do not care about the... — read more 

Contractors having title Principal

In technology, All vendor contractors come with the title of "principal software engineer" in most cases their actual capability would be 2 grades below. I have been told that this is due to the amount of Money being paid to the vendor company for... — read more 

Cloud, Crypto, AI or Digital

Fidelity is expanding in 4 major areas to play catch-up with the industry: Cloud, Crypto, AI and Digital. Question is, if they had to cut one of the above, which would it be? My vote is crypto first and then slow down AI progress.

Fidelity has Trust Issues

Monitoring badge swipes. Monitoring email. Monitoring chat. Monitoring remote device usage. Monitoring training. Filtering Q&A in Company mtgs And please don’t say this is for security reasons, that is how all dictators justify it.

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| 4220 views | | 9 replies (last April 14, 2023)
Post ID: @OP+1lPEBi84

Connect weeks for thee, not for me

Unofficially, VPs and above hired during the pandemic are being classified as remote and not required to participate in connect weeks or really ever see their reports in person. Everybody else? Better get back to the office to get on Zoom, you don't... — read more 

More layoffs coming this month??

I’ve heard a rumor that we’ll be seeing more layoffs in March. The person who shared the rumor is not the most reliable one (let’s just say he’s prone to misinterpreting things he’s been told) so I’m trying to see if anybody else has heard anything... — read more 

Career climax

It screams of a good time. Let's do this in Smithfield on Friday

Dynamic Working Solution

Pssst.. Here’s a little secret. Me and my teammate take turns scanning each other’s card for dynamic work week. We only have to show up every other month.

Resigning

I'm resigning in the next week or two. Found a role externally paying 35% more for the same work with a little more responsibility at $150K. Is there a limit managers can offer in terms of counter offers if one is made? I've been rated EP 3 years... — read more 

Fidelity Ireland Rumours

I saw couple of comments here on Fidelity Ireland down sizing. As far as I know Ireland is on a hiring spree, lot of crucial projects are based there, and has an excellent reputation in Engineering excellence. Is there any Truth to these rumours.

AI @ Fidelity, Your Job

Fid is dipping it's toes in to practical generative AI. Trusted engineers and service reps will soon be getting access to tools that are currently blocked, as part of a small pilot. Are you worried? More than an outright reduction in workforce, AI... — read more 

FPWA is a train wreck

All the different structural changes and market changes have leadership running around with their heads cut off. I’m getting conflicted feedback from every single person in leadership on how to progress in this organization. They won’t promote me but... — read more 

SVB and Fidelity

The advisor RIA side of SVB resides on the Institutional platform. After taking over Boston Private and KLS (which are huge clients in their own right), I think SVB is either the largest or among the largest in Custody. Could lose a lot of assets and... — read more 

They will force you back

Some BUs are already piloting a full return to the office or 4 days each week of the month. I also noticed how the “dynamic working” calendar is set up to get some psychologically used to being in the office. Started as three days, now 5 days, and... — read more 

RIF Soon?

Some organizations are adding thousands while others don’t backfill even with volumes rising and new clients being onboarded. The level of service is slipping big time with CLS’s, the quality is suffering and large institutional clients are... — read more 

Fidelity does not care about diversity

Abby had her shareholder meeting. Gloated about crypto and Reddit and all the big new WI clients like Boeing. What I noticed was zero diversity in the audience. Not even the South Asian folk who are the backbone of this place. Never mind Latino and... — read more 

Dynamic Update Soon?

We are hearing rumors that they will be extending the one week/five consecutive days per month through the Summer. Anyone else hear that?

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| 2800 views | | 7 replies (last February 22, 2023)
Post ID: @OP+1laS37az

Step up Abby

You’re a major presence in 2 states with backwater governors, Florida and Texas. Now is the time to step up and show them that corporate America, not they, call the shots.

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| 2790 views | | 7 replies (last February 13, 2023)
Post ID: @OP+1l8Eq7nl

Dynamic Schedule

It was confirmed in a Q&A at the end of some FREC Region presentation that the current “Dynamic” schedule will be in place through May. (Hopefully that sticks). It was also mentioned that they will probably continue to update 900 SMT and possibly not... — read more 

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| 2540 views | | 2 replies (last February 8, 2023)
Post ID: @OP+1l3VWViv

Changes

I had the privilege of sitting in on a “Heads of” meeting where it seem like a huge change in leadership is on the horizon. Seems a restructuring of the chairman’s responsibility will start Q2. The progressive era as it was called should take a lot... — read more 

Pulse survey

I usually drag fidelity through the wringer but I notice they always have a spectacular score. I know there are so many that are frustrated with the company, especially with no holiday bonus. I really recommend we as a group of frustrated employees... — read more 

Not doing connect weeks

Does anyone know someone or heard of someone who has actually been disciplined/fired for not coming in on connect weeks? Does your manager even get an email?

Robotic sheep

This company never lets you have an independent thought or view. You aren’t a unique human but simply a number and a very small cog in a machine to run Abby Johnson’s empire.

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| 2660 views | | 7 replies (last February 9, 2023)
Post ID: @OP+1kHEKx7c

Betrayed

Today Joe mumbled his unquestioning support for the old school "everybody in the office" line. So much for a progressive and forward-thinking tech organization. I guess it's all over but the crying now, just need to ready up our resumes and join... — read more 

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| 2681 views | | 5 replies (last January 20, 2023)
Post ID: @OP+1kFEWtFw

Madoff net flicks

Pay close attention to the series. Actually really interesting.

Promoted but not satisfied

I worked very hard to be promoted and I finally got the promotion. But now, when I compare how my much responsibilities have grown and how much of a salary increase I received, I wonder if it was all worth the effort. Anyone else dissatisfied after... — read more 

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| 3030 views | | 5 replies (last January 11, 2023)
Post ID: @OP+1kyWBSTe

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