A huge amount of Tech being laid off this morning. A friend messaged me that she was laid off around 8:45am this morning and supposedly to hundreds of other Tech folks. Just awful.

The way we were jumped by layoffs will be followed by leadership behaving as if nothing happened. That’s the new norm. Ultimate disrespect for living, breathing human beings. Complete disregard for their professional achievement and personal lives... — read more 

Even knowing that this round is over, it is only a matter of time before the next one will take place. Plus, it is so much easier to look for and find a job when you already have one than when you are unemployed.

Fidelity Investments Cuts About 700 Jobs This Week Fidelity Investments eliminated about 700 jobs earlier this week, marking the financial company’s first round of layoffs since 2017. ... — read more 

I know a couple of folks who just started working here last year who were laid off. I feel just as bad for them as I do for Fidelity veterans. Some of them left good jobs for what they thought was a great opportunity just to be used as layoff fodder... — read more 

As we have all seen the last year has been a blood bath. All finance companies (Schwab, JP Morgan, BOA, etc…) have had massive cutbacks right along with the top tech ones. Fidelity is taking their turn. You can blame the pandemic for creating a... — read more 

1, 1000s of new hires during Covid and WFH period Return to office slowly returning to original time in office Limited office space Many waiting for next VBO Attrition has slowed Need to reduce headcount to have enough seats for new... — read more 

Fu-k fidelity leadership. The way they haven’t communicated anything transparently with us is appalling. I’d be embarrassed to walk into the office as a leader. Honestly, I’m realizing i have to give them the same energy I’m getting. Do the bare... — read more 

Anyone know if Fidelity Institutional was impacted? Specifically CE (Client Experience)? Horrible. I feel so awful for those impacted. Prayers for all.

Fidelity can be a great place to work if: you know how to kiss a-s of superiors tell half truths and/or lie move about to get away from the dummies keep your mouth shut instill fear in your subordinates If you can do these, you will go... — read more 

I know we've heard from managers and different sources that there'll be no layoffs next week, but am I the only one who has trouble believing them? Maybe I'm just paranoid or jaded or whatever, but until Monday comes and goes, I won't be able to... — read more 

Curious as to how Fidelity handled lay off notifications? Who told you? Method of notification?

Has anyone else who was laid off taken the time to manually count the Roles eliminated? The Severance package material includes 128 PAGES listing #employees by AGE/ROLE NAME….I was not able to scrape the data to calculate, but manually counted 5... — read more 

For everyone who lost their job. It’s not easy. My heart goes out to you, and I hope you will be back on your feet soon. I know it may sound stupid or condescending atm, but it may be a good thing that happened to you. This is not a place to regret... — read more 

https://www.wsj.com/finance/investing/fidelity-investments-cuts-about-700-jobs-this-week-c76ed675

Can people comment on severance for different levels and tenure?

Fear Uncertainty Doubt over potentially losing their job will get employees into the office. Those scared enough will probably go into the office more often before Sept. Amazing what letting go of some employees does to gain back control. Leadership... — read more 

Anyone impacted yesterday?

All else equal, are salaries higher in Boston or Colorado? Is there any adjustment if moving from Colorado to Boston for the same role.

Fidelity’s answer to Silent Quitting must be Silent Firing? I lost my job yesterday and had less than a 0 inkling it was coming… In past roles I would always hear some rumor swirling around…but this time it was like an as-----n in the night. Oh and... — read more 

Just so I know for how long I should nurture my anxiety.

Post your business unit, location, and position title.

Got told my position will be eliminated come 3/31/2024 - Westlake - ECS Completely blindsided.

I’m getting about 2k per year worked being payed for 4.5 months starting April first. Our VP said this is the first bunch and they are looking to get to 14% layoffs

FI Compliance roles eliminated

Scrum master and coaches were impacted in United States. It was a significant hir

A handful of people, likely More let go in NJ today BUs include - cr risk and compliance

Just informed today that my position has been “eliminated”. It’s been a nice multi-decade run. Record profit last year and now…. I remember when it was a family company where people were “known”. Now, you’re a number.

I am stunned…. Just got axed here in Boston, along with several other employees here.

We are shocked that we have been axed today in NC. How many affected in the US?

This company is so scatterbrained and one of the most poorly organized corporations I've been with. Just all over the place with their policies and everyone gives you a different answer. Plus the tech is garbage. No, I dont want to have to learn/use... — read more