I’d like to apologize in advance for any ignorance in this message. I’d like to acknowledge I’m in a highly privileged position compared to the average person, and do not aim to downplay anyone’s experiences with being laid off.
I’m trying to find out how people decide who gets laid off. In my situation, I’m tired of working at Fidelity. I was laid off before and came back. When I was laid off, my performance was pretty bad for a couple of months, and the team I was on wasn’t valued. I also know someone who got laid off from Fidelity 3 times and came back after every layoff (until they retired recently). I had a really successful interview back, my managers (current and previous) and I agree that I perform pretty well! Not EP well, but I make a noticeable difference in the work I do.
When I was first laid off, I heard mantras such as “everybody who gets laid off comes back”, and “some people just wait to get laid off”. If I wasn’t so young and d-mb when I was laid off, I would have used that time and severance check to buy some real estate. Just imagine that, a multi family property bought by the Fid money, while finding my place back here just a few months afterward. A cycle of “work, laid off, invest in rental property, get hired, repeat” would be tiresome, but develops generational wealth. The first time I got laid off felt like the end of the world. Now I just feel indifferent to it, and would like a paid vacation again.
However, this time around, the layoff they’re doing is more silent than ever. I’m sure we can all agree they want people to leave themselves before handing out money for people to leave, or publicizing another layoff. I’m also not going to be old/vetted enough for a VBO for a long time.
Due to the current climate (here and the Wild West known as the 2025 job market), I don’t think I want to get caught up in a layoff this time around. So, I wanted to ask, when the time comes that a layoff involving a good severance is coming, how do I put myself in a position when I’m considered someone to cut? Like I said before, I was a pretty shaky performer at the time I was laid off, and I was also on a team that wasn’t valued. And I also assume that only the teams who are highly valued are getting new hires onto the team, because why would you hire for a team that is low priority?
I think the formula is “be a bare minimum performer + annoy a few people but not too many + be on team that makes low/no revenue + team isn’t valued by the head of the BU/product area + the management there is bad”. If my formula is correct, then the idea would be to find a team where that happens. Not to insult Fidelity managers individually, but we can all agree management is… a difficult job, all across the firm. My personality will naturally annoy a few people, but not too many, and I can learn the right/wrong people to tick off. And I’m sure low performance can annoy any manager, as long as I don’t get PIPed. I can also become a bare minimum performer whenever I want. That’s 3/5 checks right there. It’s just about being placed on a team that isn’t valued.
So, how do I find a team that an overlord of a product area/BU undervalues, and would be willing to cut someone from?