This is so cutthroat right now. Really sc-mmy so unprofessional below Fidelity’s caliber this FT RTO. Pouncing on people like a land owner for all their serfs and indentured servants.
I’m not quite sure the full vesting is worth my self respect.
These people have stocks up their 🫏 they’re so uptight.
Should we all have a time card system now like the coal miners?
6 replies (most recent on top)
I understand that people go used to remote work - but the reality is a ton of people (HR reports about 25+%) were abusing the policies.
1 - moonlighting other jobs during working hours
2 - no being available during working hours / using mouse movers to simulate presence
3 - completing tasks slowly (performance lag)
4 - not showing up to the office for the expected connect week time (nearly 30% were coffee badging) AND not producing the expected performance
These reports went to the top (AJ) and the first attempt at correction (the IP ratings and bonus impact for connect week policy issues) didn’t stop the behavior so the plug on remote work was pulled. The few bad apples spoiled the benefit for everyone.
With the job market being what it is like right now, for every one person that is leaving because of RTO we are getting 100+ resumes of qualified people willing to take their place. Yes, there will be a little brain drain, but in my 27 years I have seen how fast Fidelity bounces back and in the end the RTO attrition is not going to hurt Fidelity.
@a6 oh they already are
https://riabiz.com/a/2026/10/5/schwabs-jon-beatty-is-one-custody-head-offering-a-port-in-the-storm-after-fidelity-unmoors-its-sub-100m-rias-and-altruists-jason-wenk-apexs-bill-capuzzi-and-tradepmrs-r-scott-victoria-are-among-others
The beneficiary of this epic fail will be her direct competitors.
This will go down as an epic fail. Maybe not like “new coke” or “bud light” epic but it’s a big unforced error by Abby.
Even if it is quiet irritation and no one complaining out loud. The karma is already out there and it balances out. At some point the people replacing the highly skilled loyal intelligent employees cannot be replaced. There is brain drain iq is going down it’s not going to be a good look for Fidelity and their customers will be sc--wed in the long run. Quality drops fast!
So I’m still not pleased what are they looking for? Professionals that can think on their feet advise and help or low iq robots? You can’t have it both ways. This is absurd and degrading. There is attrition people are plotting and looking elsewhere I do have options out there. They better be careful sometimes you bite off a little more than you can chee. Mass exodus everyone rise is hitting the happy trail out of Massachusetts so why should we be the unlucky ones left shutting off all the lights before the door hits us in the ar-e?!!