Thread regarding Fidelity Investments layoffs

Example of toxic behavior

My manager in Boston asked me to uproot my life and move to Westlake from Covington KY coz apparently the "leadership" wants the teams to be located there along with NC.

Obviously I denied and now I am getting silent treatment, the teams channel is not buzzing, my manager is not micromanaging me like he did.

Should I be worried?

This entire new leadership of Roger, now Bob, Ames should burn in he-l

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| 1571 views | | 7 replies (last June 16, 2025) | Reply
Post ID: @OP+1jxwe3fmz

7 replies (most recent on top)

My advice, don’t leave Covington for many reasons. The silent treatment is likely what was previously stated…your position will be replaced by someone (new hire in Texas). Suggest finding another role in Covington ASAP but don’t leave the company on your own. Hard pill to swallow but if the company wants to let you go then get what you can as far as an exit package. FMR use to stand for “forever moving rooms” now it looks like it is people…so sad…Fidelity use to be a great place to work and it is disheartening to see the decision they are making and how they are treating staff.

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Post ID: @c1+1jxwe3fmz

Sadly, this is not just the Fidelity way. Always have your resume and LinkedIn profile up to date. Network, network, network. Realize when all is said and done your an A# - and they make decisions that don't take into account your personal circumstances. You can burn the midnight oil daily, login on your vacations, check your emails and respond on the weekends, but in the end when they sort by salary or by location - sometimes you're SOL

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Post ID: @bn+1jxwe3fmz

If you're being asked to either relocate to Boston or NC, you're on track to be eliminated soon in 6-8 months.

Neither of those locations have enough space, the cafeteria sounds like fish market, bathrooms are worse than bait stations.

Yet, if you are offered to relocate, be wary

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Post ID: @b5+1jxwe3fmz

Don't think the corporate CIOs need to worry about in office attendance.

It's the level 4,5,6,7 who are the ones they target.

Level 8 and 9 managers know this and exploit associates into getting their way with such manipulative tactics.

Some of the things I have observed they do are:

  1. Not appreciating your work
  2. Undermining your efforts by mentioning how you should have done X,Y,Z during 1-1 even though you achieved all the goals and more.
  3. If everything fails, ask you to do a cross country move (seems this is a new tactic).

In short, fidelity won't care about you as an associate.

I was an enterprise architect who was let go not too long ago, I met all my goals and more yet I was surprised when the news was shared with me.

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Post ID: @aq+1jxwe3fmz

Bob's Who's Who profile shows Boston as his office location.

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Post ID: @ag+1jxwe3fmz

Bob himself is in Vegas lol

WTH would he push other CIO's to torture associates to make a cross country move???

This is harassment at levels only fidelity can do

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Post ID: @a7+1jxwe3fmz

This is because your manager is now busy finding another resource who can do what you are / were doing in those regions.

Do you think managers here give a damn about you or what you think?

You're not that important to them, especially with this market they know they can manipulate employees to bend however they want to keep their job, even if it means to uproot your life and do a cross country move.

Quiet pathetic tactic IMHO but that's the fidelity way.

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Post ID: @a3+1jxwe3fmz

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