Thread regarding Fidelity Investments layoffs

Get this off my chesst

Long timer Fido here.

Wanted the VBO. Deserve it. I've done it all and quite frankly I'm valuable and dare I say indispensable.

VBO not happening because kiddos Fidelity hires these days can't be counted on in the clutch. They don't even show up to the office.

Kiddos are ruining everything.

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| 5312 views | | 21 replies (last March 12, 2025) | Reply
Post ID: @OP+1jngrzm5b

21 replies (most recent on top)

None of the boomers in my department are meeting their goals for metrics. They do always come into the office though, so that’s something.

They’re all also bad with technology and require a lot of tech assistance from the gen z kiddos.

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Post ID: @1f8+1jngrzm5b

How to tell you are not a long timer, "I'm valuable and dare I say indispensable." No one is indispensable anywhere.

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Post ID: @17n+1jngrzm5b

“Kiddos are ruining everything”, here you are stomping around about not getting a VBO like a kiddo yourself.

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Post ID: @y8+1jngrzm5b

Literally nobody cares if the company has confidence or not booms cause we all get paid the same. People are here for the paycheck.

But keep enjoying that double dose of flik. Your generation had the opportunity to change all this nonsensical behavior and yet complain when having to actually suffer through it. Here's hoping you'll hang onto that mcmansion and retire at 85 due to needing to work that long

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Post ID: @w4+1jngrzm5b

I suppose we'll know next week if we the company has faith in the younger workers.

No VBO = No Confidence in the under 40s.

Per usual, older workers will carry the load a bit longer.

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Post ID: @qe+1jngrzm5b

I'm one of the original commenters and wanted to circle back and laugh at the booms again for no vbo haha

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Post ID: @qc+1jngrzm5b

"Long timer Fido here. Wanted the VBO. Deserve it. I've done it all and quite frankly I'm valuable and dare I say indispensable." Wow, arrogant much? VBOs aren't something you "deserve" because of anything you did. It's just a means of reducing costs by eliminating folks with high salaries and paying for their benefits. The downside for the company is that they lose knowledge base for a time, but eventually others step up. When I left in 2021, I got calls from a coworker the very next morning asking for guidance, and several times after that for over a year. I did my best before I left to train and leave documentation (which I was told they referred to often), but still I was always available to talk to them when they had questions. Eventually the calls stopped, because, after all, no one is indispensable.

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Post ID: @k1+1jngrzm5b

You sound so creepy saying kiddos. This is coming from a non-kiddo.

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Post ID: @hm+1jngrzm5b

You mo--ns get out of this company. We need champions not su-kers

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Post ID: @gc+1jngrzm5b

"I've done it all and quite frankly I'm valuable and dare I say indispensable."

Uneasy lies the head that wears a crown 😂😂😂. Im sure the wheels would just fall right off if you weren't there holding everything together. Have you tried stomping your feet a little harder or whimpering a little louder? It's important that you feel heard and have a safe space/outlet for all this unabashed entitlement you're feeling.🥲

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Post ID: @g9+1jngrzm5b

@bw+1jngrzm5b You are correct both that the last VBO offer was sent on a Tuesday (3/9/2021) and there weren't layoffs first. With both VBOs, they offered it first and after the employees taking it were finalized (i.e. in July), then they began some layoffs. It made sense that they wanted to know staffing levels for each group after the VBO impact before determining if any layoffs were needed.

To those let go, my condolences. To those awaiting the VBO, I hope it works out for you.

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Post ID: @ed+1jngrzm5b

I was recently laid off from Fiserv. Looking for a role at Fidelity figured I read the threads. Very interesting! Anyway, if someone needs an ex Amex, Mastercard and Fiserv product person, let me know. I roll up my sleeves and get things done!

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Post ID: @cs+1jngrzm5b

the vbo is on you mo--ns

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Post ID: @cn+1jngrzm5b

See you at the office booms, get that double dosin' of flik hahaha. Shoulda coulda woulda sold the house you bought for a peanut to blackrock when you had the chance!

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Post ID: @c6+1jngrzm5b

So glad I took the VBO in 2021. My boss thought he'd wait around 4 years and take the next one. I'm sure he's miserable at this point. I suppose it's possible they may offer one this year, but time is growing short to make the offer. If they do, next week will probably be the last glimmer of hope. And for whatever reason, they like to make big moves on Tuesdays (is it some kind of ritual thing?) The last 2 VBOs there weren't layoffs happening at the same time they were offered, but then again times have certainly changed.

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Post ID: @bw+1jngrzm5b

Boomer here and even I laughed at this post.
If you are indeed a long timer, then you should already know they don’t care about you. You’re only as good as the last thing you’ve done.
The longer you’ve been there, the more expendable you become. They can hire 2-3 new eager hires to replace an old timer.

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Post ID: @aj+1jngrzm5b

Always blaming the yougins for your failures aren’t you? Boomers blame millennials and now gen z for every possible failure there could be. Could be that you’re not as indispensable as you think you are. You sound entitled. Guaranteed that’s not a trait that management would like. It’s more likely you played the politics game so well, kissed enough boots/a$$e$ that they’ve kept you around for that alone. Capitalism is going to capitalism and take your money. Get over it and retire already.

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Post ID: @ae+1jngrzm5b

If you actually believe you are indispensable, which news flash you absolutely are not, then you don’t deserve a vbo. And boomers think millennials were entitled…

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Post ID: @a5+1jngrzm5b

Awww baby cryin’

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Post ID: @a4+1jngrzm5b

Any updates? 1st Tuesday of the month

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Post ID: @a3+1jngrzm5b

This is my response voted up

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Post ID: @a1+1jngrzm5b

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