Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Constructive feedback

Heard about this site, lots of justified complaints and some trolling. Thought I’d add some constructive feedback on bringing people back into office. Now I know old school says “it’s your job get back in and work”, but those times are behind us... — read more 

New Dynamic Schedule

Any word on when the new dynamic schedule will be released for September? The 900 SMT bldg is completely full each week and that’s with less than half of the full staff located at SMT. Some have said the powers at be for each organization are... — read more 

The culture is ruined

Mental health is priceless and the stress here is huge so I'm looking forward to leaving. The culture that used to be and the culture here now - are they even comparable? It seems to me that this is now just a shadow of the place it used to be. — read more 

Nepotism is rampant here

The amount of nepotism here is disgusting with people in senior roles hiring their kids as directors out of school knowing nothing. I'm submitting my resignation this week for much better, I'm done making Abby's pockets fatter as the rest of us are... — read more 

Stop the "games"

My team is clearly looking to promote someone, and that's their prerogative, which I understand. However, they're resorting to playing games and using underhanded tactics to "promote" this person. It's becoming incredibly frustrating because... — read more 

VBO This Year?

Two people in management roles in my org said they “heard” there will be another VBO this year. I don’t buy it. We are still reeling from the last VBO and people are taking lateral moves to get out of our group. Backlogs are insane. Anyone hear... — read more 

How long before Abby does something about tech

For all of the talk of stopping anti digital things at fidelity, it seems like we keep putting leaders like RD, BM, EE, MG, MS, RS etc into these roles that will lead the company from the mess they all created. That coupled with all of the... — read more 

Why Fid India is a Mess

"Posting here On behalf of a ex employee who was working at Fid India (as this website only allows posts from within the USA)" I've noticed numerous comments discussing the poor quality of work from Fid India. I cannot deny that these comments are... — read more 

Thank you gift from HR for going back to the office

Who got the thank you gift from BA for good participation in return to office? Some Boston people in my team received it while others who were fully compliant with return to office requirements did not get it.

New manager every year forever.

Can you imagine if Fidelity purposefully switched up CEOs every year for the next decade? New business direction, new company purpose, new budget, etc, every year? I'm asking because I've had a new manager more times than my years of service at... — read more 

HR Verbal Warnings

HR is forcing Directors to give verbal warnings they deem warranted regarding Dynamic Week attendance issues. Maybe some are justified, I don’t know. September should be interesting!!

Who can see pulse survey details

We all know Pulse survey is not annonmous. The management needs to group results by locations, units etc. However to what extent is it confidential. Who and which grades can see the corp IDs and the answers and comments. We were asked to put more... — read more 

Not enough work

Things have slowed down significantly in my BU to the point where there is not enough work to go around for the number of people they hired. A similar thing is happening where I am (unless we're by some unlikely coincidence the same BU). Is this a... — read more 

Sept Dynamic Changes

Anyone in SMT hear anything about what changes will come to Dynamic once we hit September? I don’t know how they will fit people into 900 if we’re going back anywhere near full time. And FREC said we won’t have a presence in 500 some time soon. Just... — read more 

Everyone is just a number

Company shows no loyalty to its employees. Everyone is just a resource. They’ll use you up and treat you like you have no worth.

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.

by
| 4250 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 

Start a new thread - post a news comment, question or message:

: