Thread regarding Fidelity Investments layoffs

Unbelievable number of managers. 11 managers and 1 developer in a meeting. 11 out of control id--ts not letting any work happen. Fidelity can safely cut 35-40 percent managers and make themselves productive!

But @nn+1jk20dw6t if I'm a manager, then according to you I can't read or write, so how am I reading and responding to your post?
Your logic does not compute

Ok so you’re a manager then. I’m sorry to have hurt your feelings.

Calling bs on the post about illiterate managers.

Maybe I just work in a department where all the managers are inclusivity hires. No of them know how to read or interpret data and most are just simply bad managers. This is why at least my BU need manual verification. The training seems to be something that will encourage managers to show up in the office and be on time.

I’m pretty certain that the way this is going, they are soon going to have access to the data that shows how long you were in the office, and be asked to deal with that. Your hours spent in office is not currently visible to your manager but I think it’s going to be.

“Managers are incompetent…” ok, and? They’re now being given a formulaic process with very clear instructions for documenting corrective action. If they aren’t coming in themselves, they’re going to be going through that process with their manager. And they will be asked to do the same with their directs. I can see how this is going. It’s probably going to really gear up in Q2.

No. Need. To. Be. Obnoxious.

I’m just saying managers can’t do anything as it is. Nice that they are being trained how to take attendance, but what if the managers aren’t even in the office themselves? Do managers have access to anything other than the rep was in the office?

I’m not saying it’s not possible, I’m saying managers are incompetent.

Omg. Let me try again. They. Are. Training. Managers. How. To. Do. Progressive. Discipline. For. Imperfect. Attendance.

The badge data shows to your manager in workday. The manager is then supposed to take progressive action, up to termination. The training is being rolled out in Q1, and not for no reason.

Couldn’t agree more! Management has definitely changed…. Not sure if it’s because a lot of managers are older and burning out and not caring anymore… if it’s because they’re older and play but old rules and practices that don’t work anymore. I am tired of corporate politics myself!!!

If the badge swipes actually mean anything, why are we switching for manual verification of attendance? Too much human error.

A new training rolled out to managers for documenting attendance and performance issues.

What’s the new system in place for discipline?

“ HR needs to clean up people who have a trend of harassing others.”

Are you talking about s-xual harassment? Bullying? Hostile/toxic workplace? Do you have an example of the type of behavior? In my experience, HR will act if the problem is widespread and/or the company would be at risk of being sued. I have personally seen it.

Does she personally own 51% of the company? I don’t know the answer to that, but there is still a board of directors

pushed out by the board? it’s a private company

Ok they’re tracking data. But HR needs to clean up people who have a trend of harassing others. Whenever someone on my team hasn’t been willing to go into the office, it’s because they had a serious HR complaint against someone. HR just lets too much go, badge swipes should be less of a concern rather than solving a problem.

My guess is a bunch of people are going to get fired for cause with this new system in place for discipline. That’s not a layoff and there would not be severance. Who knows if there will be unemployment payments anymore. People who aren’t coming in all 5 days of each week, not being productive at home, or swiping in and out, you need to start complying. You know they’re tracking your data.

It did seem like Abby was getting pushed out by the board. Executives were constantly criticizing her in townhall meetings. So she would want to make it look like she’s ruling with an iron fist. She wants to keep her job too?

Cool, so it sounds like the layoff will impact Covid hires, managers, and tech. I’m not one of those!

Layoffs are definitely coming. With heavy handed in-office messages from our biggest competitors and now by the Fed Govt, this place won’t mind the headlines regarding layoffs. When once they were afraid of negative press, they view it now as being seen that they’re running a more militant ship. All they know how to do now is to motivate by fear. If you swipe your badge constantly, you’ll live. Nothing else matters.

Too many managers. Takes dozens of meetings and calls with over 20 people each wasting 10+ hours of time, then no managers wants to make a decision cuz they scared. Yet they all have an opinion about what not to do. Cut the fat.

“There are people who are consistent in underperforming, people cheat the metrics and management is too inexperienced to see.” They’re about to get on this. A new training has been rolled out to managers detailing a formal process for dealing with performance and attendance issues. Low performers and low compliers, including coffee badgers, are going to get managed out this year.

Pls remember that swiping your badge is literally the most important thing you can do.