1) Do you feel you understand how we will move forward? 2) Do you think we are just getting started with layoffs? In my view 1=no and 2=yes, also, execs 100% botched communication on this one.
Layoff Counts
Any IT people here who can run a quick compare on number of people in the email directory before and after the cuts? I see number of posts claiming different numbers, execs are silent, instead of spreading rumors maybe we can try to figure out the... — read more
OOO = gone?
Stalked teams and I counted roughly 12% of my ~400 headcount unit with an out of office today. Thoughts?
Why not offer VBO?
Why can’t fidelity just offer VBO? Or eliminate redundant leader roles which are overlapping such as EAL,GEL, EL, PAL, GPL PL, and multiple Team Leader. Wondering what really are they contributing?
Quick catch up event: No end in sight it seems
there is a quick catch up event on our calendar organizer is the chapter lead with everyone in the team when will this fu--ing thing be over??
The "Event" is over, everyone who was impacted was informed yesterday.
There are no more planned "Events" in the coming weeks and months.
All that panic
All those posts reporting bl oo d baths All the hysteria 1000 cuts is SOP The real issue moving forward is RTO less flexibility. How will we be punished if we can’t make it in due to extraneous circumstances? I heard many ppl complaining this... — read more
Thoughts on the New Technology & Product Model?
Management announced the shift to the "New Technology and Product Model" yesterday, effective June 1. They are framing the 1,000 cuts as a "skills reshuffle" to make room for 2,000 early-career hires. To those in Tech/Product: How is your leadership... — read more
I say this after every layoff and I'll say it again
Don't pick up any extra work! If you do, you're just validating this leadership in thinking we can do more with less. You're making it seem like it was justified that they removed people since everything is getting done with fewer people. They don't... — read more
Layoff
Diversity and Inclusion policies should be about equity, but right now it feels like they are being used as a shield during layoffs. If only men are losing their jobs to maintain 'numbers,' that isn't inclusion—it’s a different kind of bias.
QA layoffs
I am hearing today will be layoffs focused on QA and redundant engineers. And the scrum and product layoffs will continue for another two weeks. Anyone else heard it? Kind of worried.
Can I get package to leave Fidelity?
I was not laid off but am not happy with layoffs and very sad to see close people leave. I will have a lot of work and be miserable. Can I get a package to leave Fidelity? Could I return later?
It definitely looks to me like more than 1,000 people were impacted
I'm so sorry for everyone. I truly hope everybody gets lucky and lands a decent job fast.
For those who are laid off are you required to be in office during connect week?
Did they say any guidance for the laid off associates, about the need to come to office till end of the month
The summer of George!
Going George Costanza mode. Great time to get laid off for 6 months if you were also in the crosshairs. Looking on a potential bright side; the culture here started to su-k 5–6 years ago. Will be looking for a company that at least does a better job... — read more
FTS
Did any FTS folks get the axe? They got rid of the mandatory furlough just a few weeks before the sh-t hit the fan. In retrospect, that feels very telling. Make the contractors work every holiday now that they canned everyone else. And no amount of... — read more
For those that got laid off today
I was laid off today and just sat there like “now what?” What are your plans for now to the end of the month? I’m thinking to just show face at daily meetings, don’t do anything else and ignore 90% of teams and email messages. I mean this was worst... — read more
Trade severance for little extended employment
What are the chances that we can trade severance for extended employment. I need it for my H1 process.
What BU will be impacted in the next layoff?
We all know there is more layoffs coming since 1500 doesn’t create enough office space. What are the next Business Units or roles to be impacted?
You have a golden opportunity ahead of you.
I get that being played off can be really stressful. More so now than ever companies are showing us how little we all matter. If you’re on the finance side of Fidelity, have you ever given thought to using your skills for yourself instead of a... — read more
Ten years
I guess being laid off is my anniversary gift? Fu-k them.
FINALLY Media Confirms Layoffs
I mentioned earlier that it would be good to subscribe to Ignites. The Boston Globe just put out an article titled "Fidelity Cutting About 1000 Jobs But Hiring More Than 5000, What Gives" I am not going to subscribe to the Globe, but I'm sure it's an... — read more
This is terrifying..
Im sorry to everyone affected, the market is he-l right now. oversaturaded is an understatement, not to mention meritocratic hiring practices have been done away with in exchange for inexperienced workers who will listen better and take less... — read more
How many got hit?
How many people got impacted? What positions specifically got impacted in each BU? Any interesting people get laid off today? I apologize to anyone dealing with the lay off. Both the website and dealing with being laid off. It’s one of the roughest... — read more
Managerial Positions on PTO through Monday
I see many Managers/GCLs, TLs are on PTO today, tomorrow and Monday what’s the logic behind it?
What happened today was horrendous
I don’t get the logic, everyone I know that was impacted is a top star employee. Why the actual eff did HR get rid of everyone they did but not touch the hairdressers that came over during the pandemic, without a high school degree?! Why did they... — read more
Anybody else lose half of their team?
What the he-l are we supposed to do now?
If on PTO Today?
What if on a PTO today? Few in my agile team are on PTO today. What happens if they are on the list?
Flash call for tomorrow at 8:30
I just got a flash call put on my calendar for tomorrow at 8:30am. I can’t see who else is in the meeting, but it’s with my CAL. Any insight on what this meeting will be? Will layoff notices continue to be sent out tomorrow? I thought people would be... — read more
IC VP Roles Impact?
No news so far but folks are getting meetings from their manager/skip manager etc. Any VP IC - any layoff impact you faced?
Do you think managers knew ahead?
One of my teammates complained a few days ago how it seemed our manager was acting weird and avoiding her for the past couple of weeks. Today, she was laid off. Could he have known so far ahead?
Just today or just the beginning
Do we have any indication on how the layoffs will be structured? Just today? Weekly? Daily? Who knows?