Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

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 

Investing a lot of effort

I really care about keeping the job here and do a lot of overtime, giving it my best. However, I get discouraged when they tell me it’s not worth it. I still refuse to believe it. It is impossible that putting in effort is not worth it.

The importance of experience

When I first started working here, I wanted to gain as much experience and knowledge as possible. I tried to learn from my colleagues at the time who were great experts who were much appreciated here. Now, after so many years here, the situation... — read more 

What makes you a prime candidate for promotion?

What are the most important things the management takes into account when they make the decision about promoting someone to a higher position? Everybody knows it’s not knowledge and a good work ethic

Good jobs with minimal stress

Someone mentioned that there are good jobs at Fidelity that require minimal effort and cause minimal stress. Could someone please enlighten me on what those jobs are? I know for sure that mine is not.

Inflation raises?

Supposedly fido is handing out “inflation” raises to those that ask. Is this true?

Fidelity is not woke. Why do so many insist that it is?

I don't really care either way, but why do some fear so much Fidelity is woke when it's not? They just do the standard diversity and inclusion stuff that big companies always do, and even that is done is pretty measured way.

Where are these ideal companies?

I’m not saying Fidelity doesn’t have a lot of issues. Still, we need to be fair and realistic. I've been looking for a better job for months and I can't find the ideal company that everyone is talking about... A friend and colleague who recently... — read more 

Nepotism creates an unhealthy work environment

The longer I work here, the more I see how growing nepotism is destroying culture here, demoralizing hard workers, motivating knowledgeable employees to leave, etc. Dealing with nepotism in the workplace is always tough. Perhaps someone has... — read more 

We can't carry all the load anymore

Now that another colleague has left, I also intend to submit my resignation. What's going on here? Fidelity thinks it makes perfect sense that those who stay will take over all the workload of those who leave. Well, that really doesn't make sense... — read more 

Fidelity will waste your time working here

I worked for this company for greater than 12 years.every year it was a song and dance to get a raise.they would cry poverty at year end.once they hired a motivational speaker from Indiana and gave her 10 thousand dollars for a speech, while they... — read more 

Huge loads for VPs

Fidelity is overworking their technical VPs. Stuck between sheett leadership and squads where good ICs are leaving for better opportunities. Ignore this group at your own risk. No added comp and all addl workloads. Seriously, f- this place. Time to... — read more 

Some folks are never happy

Things are good right now. There haven't been any major layoffs in a while, we're hiring which means that we are in a really good position financially, and still, we have people who keep complaining about this or that. If you're acting like this at a... — read more 

No, the culture here is not great

Fido keeps telling us all how great this place is, how lucky we are to be working here, and how we have this amazing culture that makes us a family when in truth, this is one of the most toxic cultures I've ever faced at work. No amount of your... — read more 

12k New Jobs??? Really. Who’s being pushed out.

Fidelity is hiring 12k new jobs….but who is being pushed out? Now that VBOs over. Who is being selectively pushed out? https://www.bloomberg.com/news/articles/2022-04-28/fidelity-to-create-12-000-jobs-building-on-its-hiring-spree

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| 2840 views | | 5 replies (last May 12, 2022)
Post ID: @OP+1gtPlY1S

VBO

I’ve heard rumors floating around VBO will be offered yearly beginning 2023. Has anyone else heard this?

Why aren't incompetent managers fired?

I thought this was a business? How can someone with GLARING issues not lose their position? The cost in wasted time, money, poorly managed projects, lowered morale is just staggering.

This topic is already worn out, but...

I'm debating whether to resign precisely because of RTO. Unfortunately, Fido is not interested in gas prices or how much more we will spend on gas coming to the office. But an even bigger problem is that it's pointless, because most people are more... — read more 

Ready for RTO?

Get ready. The Silent Generation and Boomer executives are ready to start herding associates back to mandatory days in the office, because that's the only way they know how to manage and enforce their command and control. A$$hats. All of them.

Fidelity Manager warnings

I am a VBO employee, but have a younger friend that was hired at Fidelity about 2 years ago- he moved to a branch role about 5 months ago.. He has a new boss that came from the outside, and has been giving written and verbal warnings to reps since... — read more 

Finding qualified workers

With all due respect, but it is difficult to understand how some new hires came to positions that were once held by top experts. Does Fido have a problem finding qualified workers or is quality no longer as important as it used to be? It seems to... — read more 

Offshore layoffs

Rumor mill says Fidelity to lay off workers in China and India due to those countries support of Russia. Expected to close some shops and concentrate remaining workers to single location.

So much hypocrisy at Fidelity

Managers want to be called leaders, but they're not leaders. My manager is a d-mb mba with no management experience and a coasting attitude.

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Post ID: @OP+1g6bJz6m

Who is hoping for layoffs?

It used to be that most people were anxious at every rumor about layoffs. Now it seems to me that most are hoping to be laid off.

Very cautious about expressing opinions

Here it seems best to always hold back your opinion. So that my superior would not accidentally think that I was disagreeing with him, I resort more and more to not expressing my opinion at all. Being too opinionated at Fido can mean the loss of a... — read more 

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