What's wrong with these people? Releasing too much air at a higher temperature!
Cookie Cutter
Everything Fidelity does is cookie cutter. The financial advice, the financial plans and products, the bs lip service from mediocre managers. The only good thing about that place is the profit sharing plan and 401k match. Btw they are getting sued... — read more
Abby = out of touch heiress
Why is she forcing us back into office during soaring inflation especially with regard to fuel costs? Even typically greedy Jeff Bezos at Amazon has said WFH will be permanent for foreseeable future. Yuck.
There is a life outside Fido, but...
Of course there is life outside Fido, but is it really true that the grass is so much greener there than it is here? I have friends in some competing companies who also tell me about the toxic atmosphere, treating employees as numbers and... — read more
Trying to keep a job
I don't know any other way for employees to try to keep their job, except to give their best, add value and be maximally engaged. However, we all know that this does not mean anything at Fido anymore, because even the best ones who we thought would... — read more
Fidelity’s Values
We have seen a significant correction in the market and we are headed deeper into a recession. That being said, where does Abby now stand with woke work politics? Is there still an emphasis on hiring minorities and women over more qualified... — read more
Nobody wants RTO
Management needs to wake up and realize that we are not interested in long expensive commutes to find an empty office. Actually it’s depressing walking into an empty office and feeling like you have wasted your time and money commuting to the office... — read more
RIFs - how likely are they to happen soon?
If the market does not come back fast the opposite is going to happen - RIF. I fear this happening, although I hope we avoid RIFs.
They always want more
This has become unbearable. When will our superiors learn when enough is enough? They are overwhelming employees with so much work, my colleagues are starting to accept lower paying jobs just because they can't stand such pace of work anymore.
Is it possible to be refused any bonus at all?
or if it's not, what's the lowest you've heard someone get?
Retiring
Don’t think I can wait for another VBO. I’m crazy for not taking it last year. Meeting with HR to talk discuss retirement. Does anyone know if retirees get any payout other than bonus and pro-rates shares. Someone mentioned a retirement payout, but I... — read more
PAC
I feel pressured to contribute to the PAC even though I don't agree with the majority of the politicians that Fidelity supports. I would rather see Fidelity drop the PAC like Schwab did. https://www.aboutschwab.com/schwab-to-discontinue-its-PAC
Quiet Quitting
Let’s face it, the work ethic has changed with younger generation coming into the workforce (rightfully so). Us older workers really should not try to pick up the slack and add to our stress level. I recommend we start “quiet quitting” to reduce our... — read more
Enormous amount of stress
I have been working here for many years and so far this has never been a more stressful workplace. The amount of stress is almost unbearable and I've started thinking about quitting. Unfortunately, I don't believe that I could get an acceptable... — read more
Why do they hire so many Indians who don’t have US citizenship?
I would love to see more Indian Americans here or people with permanent green cards.
Fido is a shell of what it used to be
Unfortunately, since I came here and until now, I can't recall anything that has been done to improve the situation here. Things are getting harder. Admittedly, I haven't been here for a long time. Those who have been here longer, what has changed... — read more
It is shameful how some positions have been degraded
I remember how long my colleague tried to advance to a position that he eventually had to leave because of the enormous pressure he couldn't handle. And then what happened? Fidelity filled that position with an employee whose competencies are... — read more
Should I Stay or Should I Go
I don't work there, but my money is there. After reading posts from employees, I'm questioning if it should be. The workforce there sounds discontent.
This is what's keeping employment steady at Fidelity
Fidelity manages its’ budget, in large part, to its forecast of the S&P for the coming year. Mixed in is the general level of interest rates as Fidelity (as with other financial firms) makes good coin in a rising interest rate environment. The... — read more
DRS every other request. what a workload, when is mgmt going to compensate
Venting here but sick and tired of requests to DRS, it's been months of little "warning" speeches before eventually processing otherwise it's "can I speak to your compliance officer". Painful. Hoping there's some kind of recognition, never known it... — read more
Why is fidelity hiring so much
Other companies are laying off or pausing hiring, meanwhile fidelity is still hiring like crazy. Does Fid have an endless pile of cash or are they just going to do layoffs later? Also why are we hiring so much?? I don't think the growth is there
Has the 10 Grade system created a mess in Technology
I am in Fidelity India (technology) since 15 years. The 10 Fidelity grades were supposed to standardize the roles and movement, but their various levels of meaning and dilution in different locations have turned into a mess, especially in India. I... — read more
Dynamic working
How is everyone’s manager handling the dynamic working? My manager keeps insisting there’s someone in the office all 5 days of the connect week so we have “representation”, which seems like pointless face time. We’re a small team, so essentially 1... — read more
Breaking point
I am not at all proud to be one of those long-term sufferers here at Fido. The reason is that I know that there is no ideal company, and after many years here I am also feeling anxious about having to adapt again somewhere else. However, the stress... — read more
Do managers have complete control over performance reviews or do the higher ups also give input?
new here. my manager is a jerk (insecure), the guy above him though is cool.
Dealing with micromanagers
My impression is that the manager is probably trying to collect evidence for terminating me sometime in the future. How else to explain his actions - I have not experienced such micromanagement in almost eight years of working here, nor have I... — read more
This paragraph describes so much of Fidelity
“ Simplicity of design sounds great in theory, but it might not win you many plaudits from your peers. A complex design means more teams to manage more parts of the system, more for the engineers to do, more meetings and planning sessions, maybe some... — read more
Fidelity is sliding into mediocrity
Why does it even bother me that Fido is becoming an increasingly mediocre place? Maybe because I used to really like working here. What do you think is the current ratio between competent, capable employees and those who do not know how to do their... — read more
Fidelity vs Roku
Looking right now... Have some good options, what do you think... I got 2 offers (Data Scientist), one from Fidelity, one from Roku. Both are in the same city (United States). Fidelity: Total comp: 250 k per year (Base: 180 k, Bonus: 70k) Roku:... — read more
Former Fidelity Employee update
I left the company after 10 years. I'm still in financial services but for a different firm. Benefits aren't as good, but they are good enough. Life is way too short to deal with the INSANE politics within Fidelity. Things really started turning... — read more
Fidelity has forgotten one main thing
How you treat your employees, especially those who have been here the longest, will determine how well the company will do. If you treat us well and make sure we know we are respected, we will make sure to do our best to help the company prosper. If... — read more
Clepto Currency
https://www.nbcnews.com/tech/crypto/crypto-regulation-faces-even-steeper-climb-supreme-court-epa-decision-rcna36059 Shocker, the court will be on Abby's side. Who knew?
No rumors on layoffs?
I'm just checking to see if anyone has any info on layoffs. I would like to go on vacation without being in fear of losing my job soon.
Only after you leave do you realize how overwhelmed you were!
At one point it became “normal” for me here to do work for two or three people. I literally got used to it not even noticing how much I actually work anymore. Only now that I'm in the new company, after finally getting some relief, do I see that I... — read more
Too much stress
It seems to me that Fido used to be a much more relaxed workplace. I’m not saying there was no stress, but now it's astronomically high. Am I exaggerating if I say that more than half of the employees here are facing a burnout? I was even... — read more
How has this company survived so long with so much deadweight?
And does it even need to change to keep making so much cash?
Crypto + 401k = Crazy
Offering crypto in a 401k to people who don't even understanding mutual funds will make for a customer service nightmare. It will take patience that I know I don't have to try and explain crypto to our client base. WTF is Abby thinking? God help... — read more