Thread regarding Fidelity Investments layoffs

Pulse Survey/RTO Update Meeting: A Masterclass in Corporate Spin

For those who were unable to attend this morning's meeting:

HR acknowledged a significant decline in employee sentiment: overall NPS dropped 17 points, promoters declined 10 points, and employees’ ability to work in a way that meets their personal needs fell 13 points. Yet the presentation offered remarkably little in the way of corrective action. Several tactics and contradictions stood out.

  1. Framing implementation as success while ignoring employee dissatisfaction. HR described the return-to-office transition as having gone relatively smoothly, citing strong attendance and no widespread parking or seating problems. But operational success is not employee acceptance. The survey showed a substantial decline in employees' ability to meet personal needs. Leadership focused on whether the offices were functioning, not whether the policy was working for employees.

  2. Promoting flexibility while emphasizing surveillance and compliance. HR spoke about accommodating caregivers, illness, appointments, and weather. In the same discussion, it introduced attendance dashboards for managers to monitor patterns, investigate concerns, and involve HR. Flexibility was presented as a benefit, but the practical message was that employees are expected to comply with assigned schedules and deviations may be scrutinized.

  3. Acknowledging uncertainty while avoiding meaningful answers. All info given was on past events that have already taken place. Asked about future return-to-office phases, HR repeatedly said no additional decisions had been finalized. Yet it confirmed that transitions were already underway in New Jersey and Ireland and that workplace and real estate needs were being evaluated across regions. No timeline, decision criteria, or meaningful assurances were provided. Repeating that decisions are not final is not an answer to employees seeking clarity.

  4. Reducing transparency while claiming to value employee feedback. Leadership explained that detailed survey reporting would be reduced, arguing that historical results showed little differentiation across business units and leaders. No supporting data was presented. The company is asking employees to trust that feedback is being heard while providing less visibility into the results and limiting employees' ability to assess leadership performance.

  5. A significant decline in engagement, but no action plan. Perhaps the most revealing exchange came when leadership was asked whether new action plans or initiatives would result from the survey. The answer was no. Instead, employees were directed toward manager conversations, empathetic listening, and existing culture and engagement efforts. After presenting some of the weakest sentiment indicators, leadership offered no measurable improvement targets, specific corrective actions, or accountability.

  6. Deflecting responsibility downward. Throughout the meeting, the proposed solutions centered on managers listening, having conversations, monitoring attendance, and helping employees navigate concerns. There was little discussion of what senior leadership itself would change. The people responsible for implementing and enforcing the policies were effectively made responsible for managing the dissatisfaction those policies created.

Overall: The meeting followed a familiar corporate communication pattern: acknowledge the negative numbers, emphasize positive aspects of implementation, provide carefully worded explanations, redirect concerns to managers, point to published documents, and avoid making commitments. Leadership repeatedly said it was listening, learning, and adjusting, but explicitly ruled out new action plans.

The central contradiction is that employee feedback was important enough to warrant a dedicated company-wide meeting, but apparently not important enough to produce any new initiatives or measurable commitments.


by
| 45 views | | 12 replies (last 1 day ago) | Reply
Post ID: @OP+1m736ermw

12 replies (most recent on top)

That was a rough watch.

They say they have other “information sources” but the only Pulse discussions on Viva Engage were about when the survey would be released.

They know RTO is a bad idea. They want it anyway.

by
| | Reply
Post ID: @f3+1m736ermw

@a1 was going to say the exact same thing.

by
| | Reply
Post ID: @dv+1m736ermw

I used to bleed Fido green, but they have pushed too far. My VP, reporting to CIO will downplay anything done by people on his team he feels challenges his promo for that SVP role that he will NOT give E's or shares if he can help it. All while smiling and being your friend, because it's his peers who aren't supportive of that rating. Snake, rats, self-serving middle manager. F this place so hard.

by
| | Reply
Post ID: @bk+1m736ermw

But, we have the tone deaf mascialano mix while people are being retired by force! Enjoy!

by
| | Reply
Post ID: @b8+1m736ermw

The “meeting” was pure propaganda spin control. Everything was clearly written out beforehand and Bennet was just reading off prepared statements. They metbioned NPS going down, but no attempt to address the reasons or what they will do to try and raise it.

Just another for any town halls or live events to be peppered with questions about this RTO policy and whether or not they care about our coice being heard

by
| | Reply
Post ID: @b7+1m736ermw

@aj The only real-time information source that you need is to look at the faces of those sitting in the offices. Misery.

by
| | Reply
Post ID: @ay+1m736ermw

They said the survey was taken after the announcement was made but this meeting was going to put that in the light of current sentiment. But they don’t have any quantifiable current sentiment. And I love how they downplayed the Pulse survey in importance compared to the 8-9 different “information sources” that tracked mood in real time.

If I am still here next July, I can’t wait to tank my scores again and give brutally honest verbatims.

Don’t forget… you can take the survey as many times as you want. They will only count the lowest scores associated with your A# but you can leave all of the verbatims that you need for different topics you want to cover.

by
| | Reply
Post ID: @aj+1m736ermw

@a7 Shudder. This was the first and hopefully only time I ever imagine Fidelity as clad in green leather with a giant prosthetic member. 🤮🤮

by
| | Reply
Post ID: @ac+1m736ermw

This is like an @busive relationship. We keep coming back for more.

by
| | Reply
Post ID: @a7+1m736ermw

Cool AI summary 👍

by
| | Reply
Post ID: @a6+1m736ermw

Thank you for posting this, I am sure everyone who reads it will appreciate the effort and detail. 👍🏻

by
| | Reply
Post ID: @a2+1m736ermw

Too long.
This says it
better.
BS FEST

by
| | Reply
Post ID: @a1+1m736ermw

Post a reply

: