Thread regarding Fidelity Investments layoffs

@135j sadly, I'm not surprised by this story. Hope you find an even better opportunity elsewhere

@135k 100% correct. I used to have to babysit a whole offshore squad we were working with just to make sure we wouldn't be impacted by our deliverable. It was embarrassing and infuriating. They could not answer basic questions about what status their work was at without alot of double talk or BS. But they were front and center when good ole' Roger would go over to do the meet and greet. Meanwhile the rest of the organization would actively try to not have to partner with them because it would surely be an exercise in futility. Often when their bad code brought their applications to a standstill and they worked night and day to slap a bandaid on it to fix it - we'd have to hear our management team go on and on about their dedication - sickening

Fraud from overseas IP phones is ramping up big time.

I won’t provide details but suspicion is strong that employees are involved.

IYKYK

@1qm “White boomers who knew nothing?” I have had to hand-hold so many Indias in my career. One team told me they deployed an app on AWS. I couldn’t access it. So I was working with them to troubleshoot. Turns out, they didn’t even know how to locate the appropriate deployment server, and they never had credentials. They just outright lied. Their manager, a horrible Indian woman, didn’t even know enough to validate the deployment.

@10p I was just informed that I was not selected for an opportunity. Fidelity had extended an offer to an Indian, but he failed the background check due to COVID self-employment fraud. That’s when the interview came to me. Indian hiring manager…I found out that the guy apparently paid back the money he owed and asked to be reconsidered for the position. They gave it to him. How good does it feel knowing Fidelity hires criminals who defrauded the federal government? I’m a white female with two master’s degrees, a very solid work history with a ton of experience, and I’ve been looking for almost two years. Prior to that, I could interview and be offered the job on the spot, with as many as 3-4 active offers at one time. It has to stop.

Is the white man finally getting his turn at discrimination, HAHAHA! You don't like how it feels do you? It's a bit unsettling, isn't it? Just remember, the white man stole everything they have today. Be better humans!
Welcome to racism!

That's why we should not ask the company to get rid of the Indians, rather, we ask for diversity. Those 100% Indian teams and their white lords will have to figure out how to diversify.

After reading the comments I think white men will be relying on DEI to get them an interview in H1B heavy companies.

@10p+1jhgavv53 - Vivek R has entered the chat

70%? You're in a lucky place. Go WI > Head of Technology > Chapter leader, Data Engineering and take a look, management roles 100%. ICs 95% with a few whites as DEI hires.

It's a pattern across the enterprise: White boomers who know nothing supported by Indians who only hire Indians. As a result, competent young whites have no upward mobility and they leave Fidelity, what's left is further higher concentration of Indians.

I love Indian people, but the change over the past ten (even 6 years) in the US has been considerable. Huge increase in tech, to now at least making up 70% of the US workforce. I walk on the left side when at work now 😂

Over the last two years in my department, which is rather large and has hundreds of Indians, I've seen an Indian hiring manager hire exactly ONE non-Indian.

Dozens have been hired over the last two years -- 99% of the time the Indian hiring managers have hired another Indian.

I agree with the previous poster. A couple of Indian women on my team mentioned during informal discussions about mobility that they tend to avoid applying for positions with Indian male hiring managers. They feel they are often stereotyped, and their chances getting position are lower with Indian manager

I agree that H1B has flaws, and is misused by lot of Tech Firms. But I disagree that Indians hire other Indians. They never do that unless there is no choice, some of them hate working with other Indians. In fact ask anyone who interviewed them, it's white ppl. It's actually not easy to fill up tech roles outside Boston. Especially with mandatory connect weeks.

“Massive discrimination against young white males”
My son is in middle school. 3 kids were invited to take a higher math test based on their current abilities. One boy and two girls. All three have immigrant parents. All of these kids will keep progressing while all the white males in their class are busy with their ps5s and sports. In 10 years when these kids get high paying jobs, people will be scratching their heads and claiming that there is discrimination against white males.

Unless you are of a Native American descent, you all owe your existence to immigration.

https://www.cato.org/testimony/unlocking-americas-potential-how-immigration-fuels-economic-growth-our-competitive

There are 42 million foreign workers in the USA.

Massive discrimination against young white males.

Yet... People still think we need millions more Indians.

Time to end this garbage.

the "kitchenette" thing is a myth. Stop repeating nonsense without taking the time to understand any nuance. When an H1B person, already working for us, wants to apply for a green card and the company is sponsoring it, the company is legally obliged to post the job online for at least 10 BDs. You have document everything, every resume screen, every interview etc. None of this is cheap. There are teams of lawyers at every step and its very expensive. Trust me, it would be way cheaper to hire a non-immigrant - provided they apply, pass the interviews and coding tests. Why is it that in several teams you don't see any h1bs? Just like how in several teams you see a lot. People self select, based on what they studied in college.

Lastly - the path beyond application to green card is almost 15 years for some applicants. You have no idea how someone with a family/kids has to live through that long of an uncertainty.

Y’all realize when this company posts a job in the kitchenette the reason they’re doing that is to legally check a box and they never had any intention of hiring an American.

Some of these responses are extremely naive or willfully obtuse

There is a lot of box checking when it comes to H1B hires at this company.

If you see an ad in the kitchenette , apply for it. How do you think someone from another country will see that ad and apply?

I have had several people in my team on H1B. They have never been an issue. They all came in through open ads - either internal or external. It is faster to onboard a US person, if they apply, pass the interviews, and are ok with what we pay. In my field, we pay a lot - a lot more than same levels in other roles. But it's still not at par with other companies. We have some US citizens but the entire group is 90% immigrants of various nationalities.

I find this nationalist vitriol as a sign of lack of confidence and skills on part of the commenter. Instead of lashing out with grievances, maybe pick up a book on a hard topic and work through it. Protectionist policies will not make this country great again. Working hard in school, grinding through math and science, instead of spending every day on sports and tv and social media, will. It's a global economy. We are getting left behind in talent and it's completely our doing. At least H1B program gives us a bit of reprieve.

Go ahead and down vote this. It's the uncomfortable truth. Down voting is easier than actually working on yourself.

if you know there is a job on the kitchenette wall, go read it and apply for it.

The previous comment is real (hidden job ad) - there is a requirement to post jobs, so Fidelity posts them, but not online; they pin them to boards in the kitchenettes to meet the legal requirement.

Fidelity plays the hidden job ad game. I know people directly involved with how they cut out American workers. Everyone hates the way Fidelity does it.

Fidelity operates outside the law on this one and it is the worst kept secret in HR.

not true. i know numerous US candidates that were well qualified who did not receive the job.

The thing about pay is a myth. H1bs aren’t paid low salaries in comparison . There is no column or information for managers to base their yearly pay decisions on visa status or whatever.
The wages are also disclosed in a public database and there is a uscis site to look at prevailing wages.
The reality is that it’s always easier to hire a US person. If they apply and are good, they always get hired. Great talent goes where money is - fidelity is much lower in the pecking order even among financial services firms. Very few US people want to work on sh---y tech stack reporting to clueless leadership and management that has never programmed a computer. This is just how it is. This is the culture eating everything else for breakfast.

It’s too late. Most tech teams are 95% Indian. Indians only hire other Indians on H1b.

Not sure I’m comfortable with H1B holders being in hiring positions. This position has enough influence if an American civilian gets hired or not to raise conflict of interest concerns and potentially liability risks for the company

Indian doesn’t even have indoor plumbing? 1/2 of Kentucky doesn't have it either. Yet, we have a regional location there.

#H1B @ Fidelity Investments

Unfortunately we are not required to prove to the government that we need visa workers, in order to get visa workers approved. It's just a matter of filling out the application and paying the application fees. The government simply assumes fidelity is telling the truth about needing to import foreign workers, without evidence.

That's why the commenters here in support of fidelity's abuse of the program are mostly just pushing the usual stereotypes. Like fidelity, they also have no evidence that US workers can't do the job, or that foreign nationals are highly motivated and educated, or that fidelity should be allowed to do what it wants with respect to the law

They need to have minimum salaries for roles by company size. Obviously wouldn't expect a small business to pay a huge salary. But large companies should have a floor on pay for H1B pay. They will purposefully underpay so that no American in their right mind would accept and then get cheap labor from other countries.

I wish the people on this site would focus on the VBO and real rumors that we want to know rather than arguing about immigration.

They have a human right to be here. Built by immigrants remember
What even is an American
An economic unit, liberated from the false gods of religion, race, and family

I understand Indian associates work longer hours - it’s exploitative - I don’t want this system to exist.

And for the comment about India not having indoor plumbing - that’s not America’s problem.

H1bs work longer hours (70-80 hour weeks) for cheaper. These guys have daily nightmares of being deported to their native country. Moving to the US is a big deal for them. Indian doesn’t even have indoor plumbing. Let that sink in…

H1Bs keep our technology running. If you don't like it, stay advocating for H1B type visas for roles like HR, too.

A lot of H1B folks also have educational degree from US.

They too pay high tuition fee, pay taxes like any other American and are more flexible when it comes to working long hours, weekends (American managers / leaders makes sure they do) and on top of that they live in fear, anxiety around uncertainty of the program every 3 years, they have to think twice before buying a property or think about their future, putting their kids through school as they know one administration change is what it will take to loose their status.

And more recently racists comments about their credibility by fellow coworkers is one more tough pill they have to swallow.

If it was about hiring highly skilled folks then they would have some sort of minimum salary like 160K. The program just sc--ws US workers. We pay high taxes to educate folks, they then pay insane college tuition costs and what does the government do. Our government sc--ws our workers over by allowing companies to hire cheap labor from India.

Of course they can't. That is why a lot of the roles are filled by highly educated and experienced engineers. STEM still seems a poor choice for most Americans and keep complaining that their jobs are stolen when there is a might lack of qualified engineers.