The problem with Fidelity is that it bloats itself over the years and then cuts core job functions trying to fix the bloat, which leads to downstream chaos. It really should use the last in first out method because the people added since the last... — read more 

Anyone have the number for the Chairman's Line? It's an anonymous employee relations phone number.

Heard there were 11 PMs released today. Can anyone confirm?

I am sure that several hundred people who were laid off at the time the company is doing well also feel safe now that they can't provide for themselves or their family. /rant... — read more 

I have it on good authority that the Fidelity survey about the work environment is used to weed out the negative people in the company. If you give a VERY negative survey, then you will be given a bad review and you will be "laid off" at the first... — read more 

Just talking points pretending this didn't happen. No reassurances or anything to boost morale. Very disappointing. There's a dark cloud hanging over this company. I've never felt less in control of my destiny.

This was completely cost saving. From the roles that only had a person or two eliminated from each site, like phone supervisors, all of the chosen individuals were the longest tenured and therefore highest paid, some maxed out for the salary bracket... — read more 

Been there 5 years. Don't trust the company, managers, directors, VPs, and CEO further than I could throw them. There is definitely a reason why the annual survey has not been given. I just want to work, earn a fair compensation, help people, and go... — read more 

https://www.google.com/amp/s/www.bostonglobe.com/business/2017/07/11/fidelity-trims-more-jobs-this-time-through-layoffs/pZZTU2wWttL8JWpFWTmEpK/amp.html

Discussed the October layoff rumors with a GM and SVP at 2 different sites. There are no additional future layoffs planned. So regardless of what you may hear, ignore it because it simply not true. Now what could happen are possible one off job cuts... — read more 

Discussed the rumors with a GM and SVP at 2 different sites. There are no additional future layoffs planned. So regardless of what you may hear, ignore it because it simply not true. Now what could happen are possible one off job cuts here and there... — read more 

Is there any word on the total number of employees that were laid off?

In your opinion... Was this "job action" layoff more focused on specific individuals & small teams or more designed to cut costs for Fidelity? What do you think?

DealBreaker has a brief layoffs coverage piece that just got published - the link is below: According to Axios’ Dan Primack, Fidelity Investments has laid off “hundreds of employees” today. While it’s a bit weird to see this news on the heels of... — read more 

I would love to hear a valid explanation behind the need for layoffs. If you survived today, do you trust Fidelity?

9 people let go today Pra, pas, rrm, directors, sps, exec secretary

Not over yet, 2 SVPs confirmed today that there will be another RIF in October and it will be a large impact to the org.

Link below, here is the first piece that got published about 30 min ago... Fidelity Investments on Tuesday laid off hundreds of employees, Axios has learned. This comes just months after the Boston-based firm offered voluntary buyouts to 3,000... — read more 

I used to work for CKSI, I hear they are impacted today - this is a bummer as it's a fine and very professional group.

Any word on any branch layoffs?

5 laid off so far in Westlake that I know of.

As of 11:30, nothing has taken place here in our Denver site.

So all of these people are being laid off and there is nothing in the news at 12:33? Seems a little strange to me.

Post today's layoff updates here!

Fidelity has become a company that has increasingly shown that the customer facing employees do not matter to them. The instructions when even dealing with customers who have a lot of money with them is to deal with them as quickly as possible so... — read more 

Not cool at all! Anyone? Can I have my stuff restored? Also, cannot post from my phone any more? Am I blacklisted now??????

I am close friends with four front-line managers (two in PI and two in WI) and am 100% certain that they have not been officially told by their respective director if layoffs will occur and who on their team is impacted. My understanding is each... — read more 

Just heard from a very reputable source that they are closing Denver all together and the previously mentioned PAS folk.

The fact that no front-line rep managers have leaked what was told to them today really shows how gutless and spineless they are. It's an anonymous board!

https://www.wsj.com/articles/SB866583946137166500

Seems to me, there will be plenty of groups at risk of layoffs. Here is the rule of thumb: If you are an "I" consistently, then I would be concerned. PAS is getting hit. SPS will either support WMA, be a PS for 500K or more, or become CMR. PAS... — read more 

https://twitter.com/TheLayoff/status/884481756451287042

Let's take predictions on when the announcement will be? I'm going to say 11am

It's an hones question. This is nerve wracking and has forever changed my opinion about this once wonderful company.

Layoffs are always done on Tuesday, at the beginning of the quarter for accounting reasons. It wasn't done last week because of the holiday. The layoff rumors have been out there ever since the voluntary buyout was announced. A layoff always follows... — read more 

All I ever heard was how terrible a company Goldman was because they would just fire the bottom 10%. Now, I hear they are doing the same thing at Fidelity. I feel sick every time I go to work. Even if I don't get laid off - and I probably won't... — read more 

Restructuring from 7 markets to 3, eliminating BSMs, having regional area managers cover multiple branches, basically copying the Schwab model are all likely to come. DOL has been used as an excuse to pay reps less, making it much harder to sell Tier... — read more