Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

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.

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| 2370 views | | 3 replies (last October 20, 2022)
Post ID: @OP+1jhjtOXW

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 

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| 2950 views | | 5 replies (last October 15, 2022)
Post ID: @OP+1j3ChkHo

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 

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| 2620 views | | 3 replies (last September 30, 2022)
Post ID: @OP+1iXyneSu

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 

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| 2420 views | | 2 replies (last September 30, 2022)
Post ID: @OP+1iW0qDPX

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.

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| 2930 views | | 13 replies (last September 21, 2022)
Post ID: @OP+1iD4jXcH

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

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| 2080 views | | 3 replies (last August 24, 2022)
Post ID: @OP+1ihxEKun

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 

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| 3970 views | | 12 replies (last September 28, 2022)
Post ID: @OP+1id8GizP

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 

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| 3264 views | | 3 replies (last September 6, 2022)
Post ID: @OP+1i4gqlBq

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.

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| 2330 views | | 7 replies (last August 19, 2022)
Post ID: @OP+1hWcL0Sr

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 

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 

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 

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| 3790 views | | 8 replies (last July 21, 2022)
Post ID: @OP+1hDgJNW1

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?

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| 1580 views | | no replies yet
Post ID: @OP+1hvtVNj6

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.

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 

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 

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