RTO ends soon, hold on folks!!

I have no insider information but another week and I keep seeing people across the board in the organization (mostly those who are financially independent or can afford to retire) writing good bye messages on LinkedIn or announcing retirement. 3 new cases again today, and I am one guy.

I understand that they over hired during the pandemic and need to slim down. However, this method of cutting people and pushing them to call it quits is going to hurt this company in the long run. We are being asked to operate as if some people who have been here for a while are not going to be around in Q1 next year. I don't think they'll need to do another RIF, they're counting on people quitting voluntarily.

Please share these types of developments of you are seeing them around you as well.

#RTO #ForcedAttrition #Retirement #Layoffs #Morale

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14 replies (most recent on top)

@d6 a lawsuit because things aren’t the same? This is a business not kindergarten.

@hh I think Fidelity needs to recognize that VPs should have some sort of perks/privileges. Their own office, for example or wfh 2-3 days a week. Why does Fidelity treat SVPS and VPs the same as Associates?

I'm a VP and have the same in office requirements and subject to the same HR micro management as everyone else.

@dm work at becoming VP then

@d9 I know I would

@d7 the injustice is that not everyone is treated equally. If one goes in we all Should go In. Lots of business exceptions
That need to be looked at. VPs sitting in 2nd vacation homes awaiting retirement. They should all have to come in. If you are vp or SVP what’s good for the goose is good for the gander

@cn 🤣 Stop kidding yourself. You’re very replaceable, and there are a ton of people that would love 7% match, annual bonus (2 last year) and profit sharing

@d6 where is the 'injustice' about having to go in to your job? That is your opinion.

@cn I want to believe it will change but it will probably take something big like a lawsuit to highlight the injustice that phone reps and client facing people don’t have to go in as much. As long as the jobs market is in their favor employers will continue to squeeze the employee. Wouldn’t shock me if they start reducing profit sharing so Abby can become a trillionaire.

I don’t think it will or can last like this.

RTO isn't going anywhere. We just have to accept it unfortunately. This company doesn't admit its mistakes.

The people who leave, including you, will just be replaced by someone out there who is happy to be hired. You're just a number. Keep dreaming bud.

Yes many people will leave at the end of the year. How many and will it meet their expected numbers, who knows...we'll see. I don't know why you think this is the end of RTO. It's exacty what the company wants..out with the old and revamp leap, interns...3x the number of early career associates as Bill said. Will it be disruptive to the company? Absolutely but they don't care and it will probably take a while before the full impact is felt. If they survived VBO attrition they will survive this. The fact you're hearing "operate as if some people who have been here for a while are not going to be around in Q1 next year" tells you that RTO is not going anywhere.

Troll
This is garbage information

Thread regarding Fidelity Investments layoffs

RTO ends soon, hold on folks!!

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