Had an great internal transfer lined up and then this "non-financial non-budgeting" induced hiring freeze. If they couldn't figure out the RTO space needs and lift the hiring freeze sooner, will seriously consider external opportunities, as where I... — read more
I-shares Forfeiture?
I am currently a grade 7 with I-shares that will mature for the first year in December. I am considering taking a grade 6 role, does anyone if that will mean a forfeiture of my I-shares? I could not find anything on the shares site or Fid Central to... — read more
Data Scientist Role
In the contemporary landscape of Large Language Models (LLMs) and proliferating open-source options, the functional reality of many specialized AI teams has shifted dramatically. What exactly is this role today? Rather than serving as core creators... — read more
Architects and the Rise of Bureaucracy
The role of architects within the modern software industry has increasingly faced scrutiny, with critics characterizing it as one of the most redundant and problematic positions in technology organizations. Rather than driving actual value... — read more
RTO - ya but not for some VPs
Been noticing some VP roles posted as "remote". That seems odd. Like are they just posting it as remote and then giving it to someone who is already here that wants to be remote.
New Mexico Site
What is happening with the Albuquerque site? My friend tell me they do not get profit sharing there and some other benefits. He also say they have to share the building with a government agency. This sounds very strange to me. Is this really true?... — read more
CE Custody (now Fid Wealth)
Big Town Hall tomorrow being given by top leaders of CE Custody, now part of Fid Wealth. Anyone have any idea if it’s anything different than the usual upper management patting themselves on the back for the work that beyond burnt out depressed... — read more
Contract No Renewal
I heard they're tightening the belt and only renewing some contractor positions. From what I've been told, unless you're considered top tier, renewals may not happen. After the roller coaster of the last several months, this just feels like another... — read more
In the coming months
I foresee a loosening of the restrictive FT RTO because of a few factors. One being that the malcontents would’ve left. Two they will have replaced them with newbies willing to crawl in everyday, but the drawback of the newbies is the brain drain... — read more
CFO
Behind all of this? Seems since he took his recent post that’s when our RTO accelerated. He’s making a name for himself to take the Abby slot Never good when family owned CEO leaves any company. There goes the legacy and the loyalty. This guy to... — read more
Seeing a lot of retirement posts on LinkedIn
Is voluntary buyout being offered at VP levels?
With RTO, weekend support?
We have a release every other Saturday and it takes most of the day in validating etc. they dont pay us extra and it is said its part of your job. Why should we support this since that would mean extra hours put in every other weekend with no... — read more
Don’t quit! Make them pay severance.
Hear me out - they want you to quit because they don’t have to pay severance or unemployment if you quit. Hang on for dear life. Do whatever it takes to get your badge swipes so they don’t fire you for cause or dock your bonus. They don’t really want... — read more
Migration of Legacy Apps to Cloud
Can someone please provide an update of legacy mainframe apps and code to the Cloud? Is it still su-king up resources and cash? Is it stable? What are current milestones? What pieces remain? How much is hybrid (mix of old/new).
Layoffs again ?
I’m hearing that we have another round of layoff in FI Technology. Somewhere around in Sep or year ending. This time only for contractors. Is it true and real ?
Every day I become more disappointed
And disillusioned with Fidelity. Is it my imagination that career moves lateral up or sideways don’t exist? I feel like I’m spinning my wheels making no progress. Mind you it’s a good job decent enough pay clearly a nice benefits offering but I’m... — read more
Transferring to another location
Does anyone know how hard it is to get a transfer to another job location? I want to go from Westlake to Jersey City. Thanks!
Mass Call Center Firings
Supposedly, Fidelity is all of a sudden firing a lot of call center workers for call/job avoidance at numerous sites. This was announced last week and is now being communicated to phone reps. The memo states that Fidelity can deem pretty much... — read more
2nd Job
I’m thinking about secretly taking a non IT job without Fidelity knowing, as I don’t think it’s any of their business. Has anyone done this? Will they find out, and if they do, what are the repercussions? I really need the extra income. My husband... — read more
Notified today Boston.
Some are being advised of wtc ot staying at 245 today. This is the silent layoff. Suddenly after years of flexibility it’s now hardline? Be careful Abby you might’ve bitten off more than you can chew. Consultants aren’t embedded they are... — read more
Why is fidelity so horrible to clients online?
I was recently laid off and have had nothing but issues with my account. The problem is, you can’t approach fidelity for help online. On r** for example, the mods will falsely flag comments and posts as spam, downvote you 100 times, why is this an... — read more
G8 to G7
Looks like lot of SLs in wealth were pushed down to G7 .Will their salaries remain same ? Will this happen in other BUs as well ?
Identifying redundancies and eliminating it by Dec
There appear to be significant redundancies within G-8 Tech positions, particularly across product owner, GCL, and architect roles, signaling imminent consolidation in this area. Concurrently, there is a renewed focus on tech team productivity... — read more
Worry about full time RTO only if you are VP or above or in Boston
I have pretty much walked all floors in both buildings in my location and know the parking situation (straight to the 4th floor if you arrive after 7:30) and they are 80% occupied. So, HR communicating about other regions full time RTO schedule... — read more
Whoa has actually left due to RTO? Where have others gone to work?
Does anyone actually know people who have left specifically because of RTO? Are they waiting to put their notice in? Everyone says they’re going to but I haven’t seen it. I’d be interested to know. Where have people gone who have left the company?
Lots o leavings on LinkedIn
Seeing lots of longtime people suddenly leaving most VP’s. Did they get laid off and got to stay longer than the others? What’s making them retire all of a sudden?
Hiring
Do you think there is a legitimacy in hiring for some positions specially in tech. Or is it all about knowing the hiring manager and then you are hired. Just so sick of all this non sense.
Layoffs are not necessarily the worst thing
When I got the notice, I thought my career was over. Instead, it was the push I needed. I found a role with actual work-life balance, a team that respects me, and no daily dread. And I'm not alone, I keep a running list of ex-colleagues who've moved... — read more
Cramming us in
Work in 100 Magellan. This week, some of the common space/collaboration zones disappeared (big tables, couches). Cleared out just enough room on 3W to cram in 8 more desks between existing rows in a frw places. So I guess re-opening 200 to make room... — read more
So are the jobs on the workday legit openings ?
Are they really looking to hire internally or is that fake job postings? I saw one I liked but I feel like internal hires might be blown off.
"Investing in You"
business unit job fair tons of presenters, booths "are you hiring?" "no there's a hiring freeze" Good use of funds here folks
I feel deeply betrayed and disrespected by Fidelity
I thought their reputation preceded them. I thought they cared. I thought they’d respect me and the quality of work I do day in day out with much overtime. I thought they offered respect So far I’m finding I was duped by this persons. I feel like... — read more
Learned this only at Fidelity “no good deed goes unpunished “
Senior management protects their turf, you do something to better the company like win a technology challenge and are told that you should have saved it for your own group and not shared it company wide. For that specific reason I have been... — read more
I've never felt this burned out in my entire career
I've been working long enough to know that every job comes with pressure. What I've never experienced before is feeling this mentally exhausted all the time. The workload just keeps growing, the expectations never ease up, and it feels like everyone... — read more
Patents and promotions in India
I recently spoke with my manager about my promotion, and was told I need to demonstrate more 'value' by filing patents. But honestly, what is the actual worth of these patents and whitepapers? It’s an open secret that people are just gaming the... — read more
The Evolution of Product Management and Performative Bureaucracy
Industry sentiment increasingly suggests that more than 95% of product managers are simply not required. Founders and executives have openly stated that up to 90% of these jobs are redundant, as core coordination, user research, and execution tasks... — read more
Product managers and product mindset BS
What exactly does this role entail, and what product are we working with? It looks like a glorified Scrum Master position, and most of the people in it are G8s. I'm not sure how sustainable this setup is long-term. What began as a pragmatic shift to... — read more
why lay offs and cost cutting measures when we have record quarters over and over?
Is gramma Abby trying to protect the company and workers from something the billionaire class knows and we don't? What serious rational reasons are there? Not discrediting the angry mobs complaining billionaires are doing billionaire things trying to... — read more
Health insurance
Why is no one talking about how bad the new plan is with United Healthcare? I don’t know what I did to make Abby hate me so hard but seriously this is the insurance company we have a contract with?!?!