what is the reason they have in the script for the RIF ?
Does Manager need to be in the office?
Does the manager need to be in the off ice when they setup zoom calls with their team members to let them go? Was this covered in the training this AM?
RTO Policy When Team Is in Another Location
My team is in a different office, and I’m the only one at another site. With full-time RTO, how are people approaching this when it doesn’t impact team collaboration?
Dear Mr head of wealth
Monthly reminder that it’s been 6 months since you stated the org changes will be announced “in the coming weeks”. You expect us to do our jobs in a timely manner yet here you are completely hidden and didn’t do jack sh-t. We don’t respect you... — read more
Wealth FIG Layoffs
Just talked to some people in Wealth FIG chapter. They are L5 and above. They got the news today. They are randomly announcing it.
What’s the pulse looking?
My manager is visibly silent, the mood in rest of the group seems better though. He seems more quiet, non participating in discussions. Anyone else confirm with their manager?
Would it be a trend
I want to work from home tomorrow, but I don’t want to miss my mighty badge swipe
This mandatory RTO is not exclusive
To Fidelity only, but are you all aware all the professionals in many huge multibillion dollar companies their employees are as pi---d off as we are for FT RTO?!. They have all stirred the hornets nest! No one is happy, if they successfully did... — read more
It is a business decision towards strategically align our model with the global shift towards AI
So the way script goes is, It has been strategically decided that your position is being eliminated with broader interest towards shift in technology and geo political landscape. the decision does not reflect your ability to fully function as an... — read more
So it seems like there are some rumors
No one really seems to have any idea what’s going on. I think the stress is 100% based on the rto news
Manager creeping
I’m going to be watching the managers like crazy today. It will be really obvious if they have an HR coaching on how to fire people. Anyone know how long the HR meeting is?My manager doesn’t really have meetings today
How to write to Abby directly?
Bypassing the thick of L1, L2, L3, L4, L5's above me? And the middle men/women of the DARN and chairman's line?
Fcat Layoff
Fcat Team is leveling up! Time for Fcat folks to snag some sweet gigs, internal or external. Get ready to shine!
Let’s unify
Alright folks, lots of talk of how fidelity is sc--wing us right now but how about we take a unified approach to hit back even subtly. They want to take away value from us, let’s take value from them. My suggestions: Everyone delete teams and... — read more
Manager AI bot li---r
Does anyone else have a manager who’s fully surrendered to AI? Every decision gets delayed because it has to go through ChatGPT first. You get assigned things that aren’t actually possible because “AI said it could be done,” then get told to use AI... — read more
Why are people stressed with 10%
If the rumors are true, 90% of us will not be impacted at all. That means entire BUs will not be touched. 10% doesn’t really match Abby’s leadership style. Life will go on, this company isn’t what it used to be.
Good luck everyone!
No one that works hard and in good faith deserves to lose their job. It’s an awful predicament to be placed in and I think these companies need to learn how to do business without massive financial success if fellow citizens are collateral damage... — read more
No impact to my group
We have temp employees, managers are still frequently traveling, we are hiring. It’s highly unlikely there will be layoffs in my BU. We also still have OT. The entire company is not at risk. Maybe 5%, but there’s no real indication there will be a... — read more
I'm out of stress
These past few years have been a wild ride, and this place has gone so far downhill that I can't even work up anxiety about being laid off anymore. Sure, I'm vaguely worried as the job market is brutal, and the economy is shaky, but I don't have the... — read more
H1B rules for layoff
In 2024, no H1b were impacted but the rest. What is company policy? Is it legal protection for H1b?
What is the upper base salary for L4?
What is the upper base salary for L4, that can put one in the layoff list? Is it above $110,000?
Mbta commuter rail is heavily used by Fidelity employees
It’s falling apart 45 min delay due to equipment shortage And now they expect us to come in everyday? I’ll be dead outside waiting for a train this won’t work. Do they not see the impact with cars on the roads in the parking lot the mbta being... — read more
Take a breath
I know we're all scared, I am too, but don't take what you read on an anonymous forum at face value. There is no firm proof. Saying "I'm a people manager" anonymously is like saying "my uncle works for Microsoft" on Xbox live. Fact of the matter is... — read more
My team is already bare bones
We lost more than half people in the last two years. Is there any chance we can consider ourselves safe?
Converted to FTE
I just got converted from contractor to FTE ? Can they layoffs new hires too
Health insurance
What's the situation here when you're laid off? I have a kid who needs regular prescriptions and I can't afford to lose coverage. When I was let go from my old job, COBRA let me stay on the company plan but I was paying the full premium plus two... — read more
FCAT/GM Impacted?
Anyone know if FCAT or Green Meadows are impacted?
Are there any non tech or non agile groups impacted?
I checked my managers calendar and it’s wide open tomorrow. Does that mean my whole team is safe? How long is the HR meeting so we can see if we’re possibly impacted?
I think it would be incumbent upon leadership
to put out a statement that either confirms or denies this event if it is indeed true or just rumors. It’s bad business keeping it out there it can shake investors too hearing about this. Everyone wants stability. Needs stability so transparency is... — read more
My manager confirmed I’m safe
My manager just added something to my calendar two months out. So I’m good this round.
Sick to my stomach right now
This stress of Thursday is making me feel sick and reading the last post. Anyone else feeling the same?
LIST IS RECEIVED
As a people manager, I can confirm I received list of associates I'll have to let go. My manager probably received the same. We all have mandatory trainings tomorrow to break the news in stages on Thursday. Just like level 4-7 associates, level 8... — read more
Rumors of IPs being laid off?
Is there any truth to the rumor that people who received inconsistent performance rating last year due to not following in-office adherence will be laid off? I am on a very small team and I believe I am the only one on my team who got an IP so I’m... — read more
WFH exception struggles
Heard through the rumor mill they WILL be re-evaluating exceptions and it may be harder to get one.
How will the MBTA handle
the large influx daily! They barely survived this winter with rampant cancellations and hours long delay? How is mgmt going to handle that? Commuters stand outside at the commuter rail you cannot expect people to stand outside to catch a delayed... — read more
People are acting normal
And it’s freaking me out. Maybe most folks just live under a rock or are so numb / broken from being bossed around from the overlords up the chain that this just seems normal!! Either way it’s freaking me out. I feel like I am in some weird dystopian... — read more
Ima start a rumor
100% layoff scheduled for 6/1. So when it doesn’t happen, I’m going to post it’s because the rumor was leaked.
House of Fidelity
anyone speed read overnight???
You know why there won’t be any significant lay offs?
Because this state is driving young adults out with zero affordability. Boston rent is off the charts, it’s unsustainable here. The governor has not met a tax she didn’t like we are quite literally being squeezed and taxed to death here. So don’t... — read more