Thread regarding Fidelity Investments layoffs

Fidelity’s IT Culture: A Decade in Tech, Yet Nothing Prepared Me for This

After 10 years in the IT industry, I joined Fidelity expecting professionalism. Instead, I found the most toxic environment of my career. Here’s my reality:

  1. Knowledge Hoarding & Legacy Gatekeeping
    • - Trapped using an ancient "Clueing Manager" system. Legacy team members actively withhold knowledge, especially from newcomers.
  • - Manager acts as a puppet to a clique of legacy employees. Zero autonomy or support for growth.
  1. Culture of Backstabbing
    • - From lower grades to peers: everyone sabotages everyone. Collaboration is dead; survival is a solo battle.
  • - Politics dominate daily work. Merit? Irrelevant. Loyalty to the "old guard"? Mandatory.
  1. Discrimination & Division
    • - Indians vs. Indians: Blatant North/South division.
  • - Indians vs. Americans: Mutual hostility fueled by stereotypes and exclusion.
  • - Leadership turns a blind eye. In fact, they exploit these divides.
  1. Psychological Toll
    • - I now pay for external therapy—Fidelity’s "support" resources are a band-aid on a hemorrhage.
  • - I fear for colleagues’ mental health. Self-harm is a real risk in this pressure cooker of malice and isolation.

To Fidelity Leadership: You’ve built a system where toxicity is currency. New talent is sacrificed to protect decaying fiefdoms. My decade in tech wasn’t perfect—but here, humanity is optional.

To Those Struggling Here: You’re not alone. Document everything. Seek external help. This isn’t failure—it’s survival.

#ToxicWorkplace #FidelityLayoffs #ITCulture #MentalHealthMatters #DiscriminationInTech #LegacySystems #TechToxicity #FidelityFail

by
| 1231 views | | 4 replies (last July 7) | Reply
Post ID: @OP+1jzgp8q6q

4 replies (most recent on top)

Welcome to Fidelity! What BU are you in? Ever since FI got smacked by that layoff last year, it felt like morale hasn’t/can’t ever recover.

Sorry you learned the truth now that you’re in. Just don’t get in too deep.

by
| | Reply
Post ID: @ef+1jzgp8q6q

Information hoarding is real. I stopped sharing info as freely when I noticed I was putting in a ton of work to stay current and to stand out… just to have someone “come up with the perfect solution” within a few days.

I have tons of ideas for improvements but I don’t want to help others get promoted over me again and again.

by
| | Reply
Post ID: @dx+1jzgp8q6q

This is cap

by
| | Reply
Post ID: @d6+1jzgp8q6q

“ I joined Fidelity expecting professionalism”

Are you a troll?
How on earth can you work for 10 years and not learn anything?

You join or take a position to pay your bills. Period.
Learn the culture and work within it.
Or leave and start your own company.

Do your job, get your check and repeat.
Cut the cr-p about professionalism.

Many of us are just lucky to have a job.

by
| | Reply
Post ID: @at+1jzgp8q6q

Post a reply

: