Thread regarding Fidelity Investments layoffs

Attrition Targets

It’s going to be interesting when management sees they’re not going to hit the goal for attrition. The pandemic panic hires aren’t going anywhere. They know leaving fidelity means never working in a corporation again.

It doesn’t make sense to punish us further because management hired the wrong people into high positions rather than laying them off.


by
| 57 views | | 9 replies (last October 3) | Reply
Post ID: @OP+1m39e9y4k

9 replies (most recent on top)

@1ah democrats have never met a tax they did not like. Someone has to pay for all the illegals.

by
| | Reply
Post ID: @1jz+1m39e9y4k

@h7 and the mass state legislature is trying to pass a bill charging Massachusetts residents for using / driving their cars for personal use. Can't make this sh-t up

by
| | Reply
Post ID: @1ah+1m39e9y4k

@15r says the person who has not had to look for a new job yet and hasn't been rejected 300 times in a year, now living off of savings.

by
| | Reply
Post ID: @19m+1m39e9y4k

This reads like an HR psy op lmao. There are other jobs out there. None of you are stuck. Dont let the ba----ds keep you down.

by
| | Reply
Post ID: @15r+1m39e9y4k

nobody is leaving because there are no jobs to go to. If you haven't looked, things aren't great out there. THey're going to have to layoff people to meet goals. Get ready.

by
| | Reply
Post ID: @10j+1m39e9y4k

@gd - you are 100% right - it is because of the MA governor and city of Boston mayor. The city council made a big deal about the loss of tax revenue and small businesses suffering from not enough foot traffic. Guess what - they are still not getting my money. F them! They can pretend that they care about the climate so much and then require 6000 associates to drive in. It's a big F U to the environment.

It's a twisted psychological experiment. It's like some kind of abusive relationship where people are either are afraid to leave or they are used to suffering and are probably going to tough it out waiting for the severance. It's worth it the longer you have been there, but every day is freaking painful. The young people will just find something remote if they are smart before they waste too much time here. VPs are just keeping their mouths shut because they either have remote exceptions themselves or they are waiting it out for a couple of years. You know they don't believe in the RTO propaganda, but they have to spew the garbage when they know that it makes no sense to come into the office when none of the team is colocated. Watch them bring back the musical chair/site strategy/relocation games after 1/1 after the first wave of attrition hits.

by
| | Reply
Post ID: @h7+1m39e9y4k

The goal should be to get rid of folks who have never worked anywhere else. They are so blind to other ways of doing things, it's genuinely hilarious sometimes.

by
| | Reply
Post ID: @ge+1m39e9y4k

They're waiting until Jan 1. I wouldn't assume they're not going to hit the goal for attrition until after bonus and share vesting at the end of the year. I would expect many more people to leave at that point and I would bet that's what they're counting on too. You might be right and they may not hit whatever goal they have, but it's too soon to tell.

by
| | Reply
Post ID: @g1+1m39e9y4k

For those of you who don’t know. “Covid hire” is code word for black and hispanic people.

by
| | Reply
Post ID: @fz+1m39e9y4k

Post a reply

: