Thread regarding Fidelity Investments layoffs

15 replies (most recent on top)

And water is wet. Of course the results are poor. They’ve been poor and we’re just manipulated to show what they want.

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Post ID: @jc+1m69vzp2v

@es agree - most likely option

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Post ID: @fy+1m69vzp2v

@es not sure why you're being down voted, because this is a very real possibility, and at this point, I welcome its arrival, I just don't see how it could be sectioned off without a huge impact to customers, but time will tell. Hopefully the BU I'm in gets sold to wherever Kathy Murphy is now.

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Post ID: @f4+1m69vzp2v

@es I’ve heard this theory as well

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Post ID: @f2+1m69vzp2v

This place is going to get sold. Writing is on the wall, one reason they are letting morale go to shxt. There is no family succesor in place to take over. Various business lines will be sold to various different outside companies, it won’t be just one massive sale. Will start in 2027 is my guess.

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Post ID: @es+1m69vzp2v

It is good to fill them out. It’s out o Lu outlet, let them know how you feel x

And you can stay home when your kid is sick

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Post ID: @cn+1m69vzp2v

It’s feeding frenzy where dinosaurs eat all the fish, low pay grades are left with bones a salt water!!!

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Post ID: @bm+1m69vzp2v

@aq exactly my take as well. Having been here for over 2 decades, I reminisce with my similarly tenured peers about the glory days of Ned and Kathy. Enough people have been doing the same lately, because I've noticed an influx of the lesser tenured crowd who are now asking what life was like under Ned and Kathy. I don't know if it's better to know how things once were and hope to regain some of that back one day, or if ignorance is bliss, but I do know that the direction we're headed is absolutely unsustainable.

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Post ID: @b4+1m69vzp2v

Are you guys really still filling out pulse surveys!? We work for a private company that operates at the whims of one person.

All this song and dance about employee feedback is just because it's mandated by the law for their business to operate. The laws don't need them to change anything, let's not kid ourselves that anything will change. Stay strong through the circumstances, things will change for the worse soon with the economic slowdown. Who knows, a lot of us might lose our jobs due to it. RTO will seem like a petty issue then.

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Post ID: @ay+1m69vzp2v

Remember these were taken before anyone was actually back full time RTO. Will be far worse next year when everyone feels the pain of the daily hour+ commutes, no flexibility with sick kids, lost bonuses, stagnant pay, congestion charges, and bad winter days when you are expected to ki-l yourself getting in for no reason whatsoever except their grand hubris.

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Post ID: @ar+1m69vzp2v

@a8 I’ve had a long and successful journey here and have done very well financially @fido. I genuinely care about the firm and its associates, and I just don’t like seeing the culture and soul of this firm getting decimated.

She seems checked out, the new batch of leaders appears green, and the messaging from L1s and down has become so full of corporate speak. I truly hope this company survives. I’m just not liking what I’m seeing right now.

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Post ID: @aq+1m69vzp2v

@ag I agree. I'd love to see Kev bumble, uhmm, and uuhhhh through a response the same way he did when asked about RTO after it was announced. They've historically made a HUGE deal about patting themselves on the back with the Pulse results, so deviating from the norm by not releasing will be an even larger black eye, especially on the heels of the RTO mess. I have my popcorn ready!

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Post ID: @ap+1m69vzp2v

Every town hall or leadership round table should be peppered with questions about when the Pulse Seuvey results will be released. Make them address it out loud

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Post ID: @ag+1m69vzp2v

The feedback they've shared from last 3 or so years of surveys has been consistently surrounding comp, career vitality, and RTO. Meanwhile, in the last 3 or so years, comp has remained stagnant and gotten even more stingy, HR has inserted themselves as an obstacle to career vitality, and RTO has gotten progressively worse. I've been here a long time and work with peers in all ranges of tenure, and every last one of them is fed up with the nonsense, so I can only imagine how abysmal the results are. I honestly feel like they were banking on the 1-5 year crowd to carry the vote and outweigh the negativity that they knew the more tenured folks would be sharing, but it seems they underestimated how bad off literally everyone at this company is doing.

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Post ID: @a8+1m69vzp2v

They are betting that when all the “disgruntled” leave after year end and after share payments that the remaining people will give better survey results.

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Post ID: @a4+1m69vzp2v

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