Thread regarding Fidelity Investments layoffs

Regarding RTO

I have a few observations and feelings on this and in no particular order…

  1. Compliance actually feels higher than I thought it would be. I am in MMK so I can only speak to that location, but many people are clearly showing up & ki-ling time by going on walks around the buildings, spending long durations in the cafe, playing games, talking to co-workers, then leaving after putting in however many hours of “in-person”. The productivity despite being in-office can’t possibly be any higher than remote. Fidelity’s gonna stick with it regardless though and pretend like collaboration is up. It’s purely pretend and very obvious at ground floor if they act like this had any positive benefit in the slightest.

  2. Piggy backing off the first point, most people seem to do their badge-ins, and the office is full. Nobody is happy about it obviously, and it causes the energy to be miserable. RTO has been the only topic of conversation since the start and it’s clear that people are burnt out. Even if you try to enter the office in a good mood, it quickly gets suffocated away. There’s no choice but to interact with other people who also don’t want to be there, and the feeling multiplies.

  3. The FLIK workers are slammed every day. They were already full-time before everyone else came back and so it’s clear they have their own set of frustrations over needing to double their output every day. Some are handling it well and others are not. The ones who aren’t, while I definitely don’t blame them and even feel kinda bad from the collateral damage, it adds another layer to the frustration and discontent with being overcrowded and surrounded by unhappy people in the office.

  4. Depending on the time you arrive in the morning, the LAZ parking attendants tend to point to obvious places and don’t add any benefit whatsoever, mostly just funny/useless observation.

  5. Like I said earlier, I am in MMK. I’ve heard so much about how nice the new seaport office is and how much money Fidelity invested into it. I’ve only been at the company for less than a decade, but those who have been here since the 90s and early 2000s attest that there have been next to no improvements or changes to MMK. It’s absurd how dated the office is, and I for one am quite jealous over the blatant neglect of locations outside of headquarters.

I (naively or not) hold out hope that eventually we move to something like 3 or 4 days a week expectation instead of 5, but I can’t see that happening with the current people making the decisions. Also, the rumor of someone stealing FLIK food doesn’t shock me given the state of affairs & economy.

This deserved a thread of its own, the OP is @a6+1m3dc6nye.


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| 143 views | | 11 replies (last October 10) | Reply
Post ID: @OP+1m4410ydy

11 replies (most recent on top)

Fidelity Real estate team is one of the worst and cheap in all of the Fintech industries.

I have never heard anywhere like BOA, Schwab or CO that they don't have space for employees and lack basic amenities and still forcing RTO.

Why are they so greedy and why cant they fix these small issues if they want us to spend 8 hrs in office.

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Post ID: @12a+1m4410ydy

@rn no one is wondering about your profit sharing. We have been seeing and hearing the complaints for years in every post that even mentions ABQ.

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Post ID: @rw+1m4410ydy

@d5 Lol, we got openings right now come join the fun!

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Post ID: @rp+1m4410ydy

Haven’t been to MMK, so I can’t really comment on the location firsthand. That said, it’s difficult for me to imagine the situation there being significantly worse than what we’ve experienced in New Mexico.

We’ve lost a substantial amount of our original workspace after a large portion of the building was leased to another organization, leaving us with only a fraction of the space we once had. Getting to our own work area has become an adventure in itself - we have to badge through five separate doors just to reach our desks. The upstairs and downstairs areas are also essentially divided into two separate spaces, so moving between them requires several additional badge swipes. It’s an unnecessarily complicated setup for something as simple as walking to another part of your own office.

The bathroom situation is another issue. The entire upstairs floor shares a single bathroom suite, which can feel less like a professional workplace and more like an airport terminal during peak hours. When everything is functioning, it’s already inconvenient; when a toilet backs up or overflows, the entire floor knows about it - literally.

Meanwhile, we’re expected to carry on business as usual while navigating ongoing construction, state employees, civilian visitors, and all of the additional traffic that comes with sharing the building. Parking has become another constant concern, with employees having to think twice about where they leave their cars because of the possibility of being towed by the real owners of the property.

What makes all of this particularly upsetting is that this is the working environment for a well-established company. We’ve gone from having a functional office with adequate space and amenities - a sense of identity - to being packed into a much smaller footprint with fewer conveniences and increasingly complicated access. Being so far removed from the rest of the city like we are only compounds the problem. There aren’t many places nearby to grab lunch, take a break, or simply get away from the office for a few minutes. In practice, our choices are basically FLIK or one of the two convenience stores in the building - unless you wanna shell out $$ on delivery.

None of these things individually would necessarily be a dealbreaker, but taken together, they contribute to an office environment that feels cramped, inconvenient, and increasingly disconnected from what you would expect from an established company. It’s frustrating and embarrassing.

And, for anyone wondering - no, we don’t get profit sharing or RHP here either. So there’s that. Given everything else, it feels like a pretty significant kick in the b** on top of an already frustrating situation.

I could probably keep going with examples, but at this point, I think the overall picture speaks for itself - morale is in free fall.

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Post ID: @rn+1m4410ydy

@d5 you can have it - good luck!

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Post ID: @dx+1m4410ydy

I hope some of you leave so I can take your fulltime position.

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Post ID: @d5+1m4410ydy

Hey there, I am OP. Thanks for reposting, I’m glad others out there agree and received my opinions well!

The burn out is hitting hardcore. Good luck to everyone out there. Remember there is way more to life than working (especially at Fidelity)!

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Post ID: @c0+1m4410ydy

fu-k fidelity management and leadership, fu-k RTO, bless mandarin oriental

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Post ID: @bm+1m4410ydy

Hearing you guys talk about offices but always skip over NJ. Easily the worst one at least its small so no full time RTO yet

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Post ID: @bc+1m4410ydy

Both MMK offices are really sad. Minus of course the new, sterile-looking trading floor.

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Post ID: @bb+1m4410ydy

agree with point 5 it's only MMK, feels like going in to a dilapated office. Rhode island west lake and rayleigh gets outsize attention who don't have to even show up all days.

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Post ID: @az+1m4410ydy

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