Im one of the few disappointed that I didn't get laid off... What are the benefits and qualifications for voluntarily retiring??? Im not 55 yet but have been working at fidelity for 22 years.... Would love to stay on the fidelity health insurance... — read more 

I joined last year, I am kind of surprised the there is so much pride associates have to stick around in company for 20-25-20-25-30-35-40 years! In my first 6 months, when I met somebody or when they were introduced, there was no mention of their... — read more 

How big is the layoff in India ? Any idea? Did they cut squad leaders, scrum masters there or not?

Watch the Q1 update.

PLS ANYONE READING THIS RIGHT NOW I REALLY URGENTLY NEED TO UNDERSTAND THE IMPACT TO BOSTON DEV OPS

Does anyone have information or know if there is an impact on or for the Boston dev ops team ? Pleae

Managers don't care about their teams, they just assign work at the last minute and nitpick every little thing. Employee engagement is basically nonexistent, and we've got layers of middle managers who contribute nothing. The disconnect between our... — read more 

I’m pretty low on the totem pole but how big of a change allows for a layoff? There have been a few high manager changes and I can’t tell if it’s just reshuffling from the layoffs last week vs just flattening out a team reporting line. Anyone have... — read more 

What got people on the list vs what saved them? There’s one person my team - haven’t seen them in the office. Another person in a different office within commuting distance but never goes in.. neither one was on the list. Each has other issues -... — read more 

currently in office experiencing our culture sitting next to someone who got RIF’d while they spend all day on zoom with other RIF’d teammates discussing next steps I always go into the office expecting the worst but this is a new low

I m hearing there was another round today .. is it true ?

Anyone consulting or thinking of consulting legal counsel to review the separation agreement? Anyone already have done so and could share any potential areas of concern within the terms, etc?

Cheaper workers, offshoring, AI - whatever works. If they could charge us for the privilege of working here, they would.

I’ve been trying to wait out the correction for the people hired as “leaders” during the pandemic. I’m not sure if it’s just my BU or others were put in roles way beyond their skill set. It’s infuriating for me to have to sit in “coaching” and have... — read more 

Has anyone got any clarity on this? Like from FTS HR? My contract states hybrid, but there's legal ease in there... I really can't go in full-time and would not have taken or applied for a full-time in-office role since it is not feasible for me... — read more 

Sometimes things aren’t the same when your bestie leaves. It is in-fact confusing to be a girl. let’s have some compassion and hold space for leadership during these unprecedented times

what is the accurate RIF # ? impacted folks/ their managers can find in the docu-sign packet PDFs. Look at age discrimination sheet. It has everything. Roles, titles, number of positions, age what if your BU?

Land of the dinosaurs where only dinosaurs thrives doing the same things with high ego but ki-ling all the other species including baby dinosaurs

I’m surprised to be seeing such an incredibly massive influx of new hires.. mostly contractors, but FTEs also. At this rate, the new hires could easily outweigh the total layoff numbers.. 5:1 easily. Im not trying to convince or sway anyone to... — read more 

According to Copilot, Fidelity over hired managers during the pandemic to keep up with temporary and bloated growth. People who were moved into management, during the pandemic are being evaluated based on stack ranking and qualifications.

I've watched teammates ki-l themselves with extra hours and extra work, only to blame themselves when they got cut, convinced they just weren't good enough. Meanwhile, the office politics crowd sails through every round doing nothing. If that's not... — read more 

It feels like a lot of people are carrying quiet exhaustion right now. The layoffs.
 The uncertainty.
 The pressure to “be grateful. ”
The full-time RTO mandates after building lives around flexibility.
 The feeling that everyone is pretending things... — read more 

or this quarter?

I wake up every day scared that today's the day. I can't concentrate. My work is slipping. Is anyone else feeling this, or is it just me?

Fidelity's leaders should be ashamed but that would require them to be able to feel shame. Ned must be rolling around in his grave, rest in peace. I didn't agree with everything he did but he never showed the lack of respect for employees that we see... — read more 

Can anyone corroborate a document I found which forecasts RIF beginning in Q4 through Q3 of next year? I don't want to give too many details but it was a full time employee forecast for one of the major support units. The decline began in Q4 with a... — read more 

Fidelity to Cut 800 Staffers as It Overhauls Tech, Product Teams (Bloomberg) Fidelity Investments is cutting about 800 jobs while restructuring technology and product-delivery teams and planning additional... — read more 

None of us were ever promised or even hinted at being given any form of loyalty. You were PAID to do a JOB.. Given money in exchange for your time and services, with the expectation of providing a predetermined outcome to the organization. You can... — read more 

SMs, Now that you are exiting, can you tell us what exactly you were doing beside scheduling and hosting agile ceremonies. You were getting free money folks

And cripple teams in the process? You can only spread so much work across so few people, especially when specific roles require specific skills. It's pretty clear that efficiency and morale aren't even on the list when they're making these decisions... — read more 

The worst part about everything happening lately is the complete lack of accountability from senior leadership. They’re the ones who championed the Spotify model. They’re the ones who forced people into different roles to support it. They’re the ones... — read more 

For those of you who got cut, do you blame your direct manager? Or do you see it as something above their heads?

Laying off the people who do the work while keeping the people who just attend meetings. That's not a strategy. That's self destruction.

If you are disappointed with Fidelity then don't limit your posts to a hidden forum like TheLayoff. Go to Glassdoor or other more public review sites and share your experiences there. Yes Fidelity can and does game the system but even a few negative... — read more 

In essence these layoffs and reorg have taken the winds out of my team. the morale is so low it’s un-existing. everyone sounds miserable, noone answers to queries. No one is motivated. my team was a top performing team before all of this. people are... — read more 

I’ve seen a few vesting-related posts, and I think mine is the most interesting one. My last day is set as May 31st, and if I work one more day, my 401(k) will be fully vested, based on the 190 hours per month rule, no kidding. it’s really... — read more 

Please correct me if I’m wrong, but from my understanding, Fidelity is hiring junior engineers to replace high paid high ranking individual contributors. So if that’s the case, what’s going to happen to Fidelity’s leap program? are they hiring... — read more 

As the severance document highly suggests consulting with an attorney regarding the details, has anyone consulted did already or plan to do?

How will RTO be used in place of a layoff? The managers in my group don’t even show up all the time and take a lot of PTO during connect weeks. I assume nothing will really happen to managers but what will the trickle down impact will this have on... — read more