Thread regarding Fidelity Investments layoffs

An answer to "Do we need Ops?"

Someone wanted to research if people would be considered expendable due to AI's emergence. As someone in tech, I came to answer. As someone who wasn't in Fidelity for a while, I assumed ops means people who work the phones.

Again, I wasn't at Fidelity for a while, and I could be wrong, I've been wrong about a lot of things Fidelity. But I think Fidelity's whole "come into the office" cr-p is a part of the brand they want to sell that they are "human".

From my (limited) experience speaking with Fidelity reps, they definitely care about the customer. And as a software engineer myself, I have to cackle at the thought that AI can replace EVERYTHING. Artificial Intelligence is merely in its infancy. We might criticize Fidelity a lot, but Abby and the other heads have to realize this is the way they make money. They know they can't replace everything with AI. There's multiple stories like this: chatbot for a bank says "Hi, I'm the AI chatbot, how can I help you today?", and you respond "my credit card was stolen and my bank account was drained", and they respond "Great! We'd be excited to help you with that!", proceeding to lead you to other links to click. That's inhumane, exactly what Fidelity is aiming to NOT do. They understand that this inhumanity in such an fragile state would crush someone - a customer. Who would decide to take their money to a company who cares. Or at least pretends they do, like Fidelity.

That's why I believe they're just trying to expand their brand that they present to the customer, to Fidelity employees. So everyone lives and breathes Fidelity, no matter what realm we're in. I think the movement is geared to fuel humanity in everything we do, but it's awfully implemented. Su-ks the life out of us, but inflates the life of Fidelity into us.

Per my example of the person who got their credit card stolen, AI will evolve to catch that. But whenever I run into a phone call with an AI, the best thing I can do to get a human automatically is A. speak a different language other than English, or B. speak utter jibberish. AI just says they'll transfer me to a person. There'll always be ways to bypass AI. We will always come up with them. AI is for automating simple work, but it will always be choppy when it comes to tasks requiring years of experience, sophistication, and dedication to the craft.

So, there are three conditions you'd have to check before phone reps would be replaced at Fidelity.

  1. As long as Fidelity wants to expand that brand to be personal to the customer
  2. AI cannot perfectly read a human
  3. Anyone can exploit the workarounds around AI that'd force it to delegate to a human

The second case isn't ruled out of the equation yet, but we're not there right now. As long as we have Fidelity wanting human customers to experience the greatest possible humanity they can (which is literally the company brand), you're safe there - not saying I support in office demands, but there will be something very wrong if Fidelity decides to take humanity out of the customer experience. Plus, people will always be crafty and find things AI can't pick up - you'd be surprised how funny humans can be with technology.

The phone people bring in the money. They retain the customer experience. That's what's important to Fidelity at the end of the day.

I hope I can help our allies who work the phones feel safer about their job security. Thank you for your service, you all deal with a lot.

From, a tech person, expecting various rude comments to come forward claiming I'm an id--t.

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| 1622 views | | 5 replies (last April 7, 2025) | Reply
Post ID: @OP+1jr0zphz0

5 replies (most recent on top)

OP to original ops serious question post.

I was mainly mentioning the slew of analysts and email senders who say "get back on the phones for the busy time" roles. They don't seem to do anything else which is why I asked the question. The forecasts are important but I can imagine AI analyzing available data and being able to accurately predict that.

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Post ID: @q2+1jr0zphz0

@dt+1jr0zphz0 Other than going into meetings, a majority of the L3/L4 engineers at Fidelity used to only “work” for 15 minutes on a daily basis. That’s just software engineering in general, to be honest. At least that’s how it was before all the fuel50 and listing what you did that week came into play. I’m one of them. It’s wild how many of them didn’t get laid off, especially in last year’s shake up

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Post ID: @e2+1jr0zphz0

who the he-l has time to write such a long post on a rando site like this. If you work at Fido you should be fired for not working enough

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Post ID: @dt+1jr0zphz0

Blah blah blah. You lost me after the first sentence. Tech teams are on their own separate island. They have absolutely no idea what Fidelity does outside of their limited scope. TLDR.

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Post ID: @dg+1jr0zphz0

We do need ops unfortunately. Definitely over staffed due to incompetence but yes. The tech teams cannot replace ops jobs. Tech can replace account opening and distributions, but that’s it. Tech is really weak at fidelity.

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Post ID: @az+1jr0zphz0

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