Thread regarding Fidelity Investments layoffs

Anyone get IP this year for RTO attendance?

Title - Haven't heard anyone in my org get this news, most performance reviews were given out already just hearing SPs and EPs. Few folks were only staying for 4 hours a day with no issues


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Post ID: @OP+1m6v574wa

6 replies (most recent on top)

If they have deep cuts, and you are an IP, then you are gone.

Done. And. Dusted.

And, really, you should be. IP? Give me a break. Just fire yourself if you can't at least be an SP at Fidelity. Just go.

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Post ID: @ga+1m6v574wa

@b7 I suspect that people might behave up until bonus and profit sharing is paid then they will be focused on getting out or hoping that RTO will change (which it won’t). It’s going to be interesting to look at who’s who in january and see what the head count is under Abby. Linked in updates galore with people who break free from this culture.

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Post ID: @e9+1m6v574wa

If you are a dinosaur your job is safe you get ep with c shares or p shares , but if you are g5 and below you are on God's good humor; these g6 and above make 70% of pay just in shares, these are the huge dinosaurs 🦕 enjoying this company eating the dinner of g5 and below

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Post ID: @cc+1m6v574wa

Connect Week offenders might still get IP. They've been given enough time to comply.

RTO offenders who were compliant due Ng Connect Weeks will get more leeway. No point in making performing associates IP over a couple of months RTO. Next year they will be.

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Post ID: @b7+1m6v574wa

An associate in my unit was terminated over the summer because he didn’t meet his in-office attendance requirement while on the 2-week rotation.

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Post ID: @b2+1m6v574wa

You are probably living in the past. The recipe last year was to give people not going in an IP and use that as justification to cut their salary increase and bonus to balance the budgets/ CapEx and prime those IP's for the RIF that happened in May this year.

If the numbers don't go down to targeted values by the end of this year, expect another RIF without any performance ratings or PIP's.

I'll be respectful of your perspective though and let you believe what you want to. However, don't expect the employer to behave the way they have in the past. I have personally known people who were carrying multiple IP's, best on their respective teams and didn't have any indication of losing their jobs but still did because the powers that be needed to thin out the heard.

Good luck and I hope the full time RTO treats everyone kindly.

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Post ID: @am+1m6v574wa

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