Thread regarding Fidelity Investments layoffs

How are they gonna fit everyone into the office with full rto?

Do they even have enough space for everybody at some of these locations? I won't be surprised if they perform a big layoff before or slightly after the rto date.


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| 41 views | | 23 replies (last May 3) | Reply
Post ID: @OP+1kqgrbxz1

23 replies (most recent on top)

💐let's take a moment of silence for our fallen solider Jordan 💐

our condolences to their family for having poor friend selections

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Post ID: @n6+1kqgrbxz1

@k9 worse, auntie donated it.

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Post ID: @mx+1kqgrbxz1

I bet they're wishing they didn't lease one of the Smithfield office buildings to Bryant university.

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Post ID: @k9+1kqgrbxz1

@d9 You can give us something.

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Post ID: @fr+1kqgrbxz1

@dp why would you name drop someone on an anonymous app?

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Post ID: @eb+1kqgrbxz1

My friend Jordan in analytics said that it honestly feels like they’re assuming attrition will solve the math. I’ve heard more than a few people say they’re already updating resumes. If enough people leave before the date, maybe the space issue “resolves itself.

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Post ID: @dp+1kqgrbxz1

@a9 lol ur being downvoted into oblivion because you spoke too soon. a few thousand or possibly even several thousand hard working people are going to angrily disagree with you very soon.

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Post ID: @da+1kqgrbxz1

@b2 Youre on the righy track, just missing on the reasoning and conclusion. I wish soooo badly that I could yap and not be terrified of being exposed.

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Post ID: @d9+1kqgrbxz1

@bz notifications went out to employees at specific office, giving a whole shpeal about the importance of being in office permanently. Starts around september i think.

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Post ID: @d8+1kqgrbxz1

Capacity wont be an issue as long as everyone follows instructions, this has virtually been ran through the equivalent of a think tank and was precisely mapped out with great detail for a while now.

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Post ID: @d7+1kqgrbxz1

@bw what about for nj/nyc?

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Post ID: @cs+1kqgrbxz1

@b2 you hit the nail on the head!

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Post ID: @cc+1kqgrbxz1

@OP everyone won't fit. That's the point

Internally this is a cluster

Buckle up

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Post ID: @ca+1kqgrbxz1

@bw any idea what roles contracts wont be renewed for?

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Post ID: @c9+1kqgrbxz1

@an+1kqgrbxz1 are you in Smithfield?

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Post ID: @c5+1kqgrbxz1

@bw Is this from a trusted source or just speculation?

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Post ID: @c3+1kqgrbxz1

If customer facing roles are going to once a month , doesn’t that free up lots of space? Are we assuming they will end up full time?

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Post ID: @bz+1kqgrbxz1

It’s also that traffic will go from bad to horrendous with an extra 3.5k people commuting everyday in nc. There roads are stuffy as it is and a good amount of the associates live 30-45 away right now so that’s ggs. I don’t even want to park so far away that walking in the rain here is pure misery

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Post ID: @by+1kqgrbxz1
  1. RTO will generate attrition that will not be replaced in the same location
    1. Reorg will be laying off a bunch of middle management, squad leaders, and VPs (across the board we are looking at several thousand)
    2. Renovations at buildings will create desk space (open plans like at 245 summer)
    3. FREC is looking into expanding Westlake campus including a new garage.
    4. FREC is looking into off campus parking for NC and a bus service
    5. FREC is looking into potential FL campus locations and depending on the BU people will be asked to move.
    6. FTS and 3rd Party contracts will be allow to expire for some roles.

They will make the space but we are going to be crammed in like sardines.

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Post ID: @bw+1kqgrbxz1

@a9 it is 100% so people leave before they inevitably lay people off. Like the first commenter said, there is no reason otherwise. We had work from home before covid for years.
It doesn’t make sense since so many groups are so overworked and understaffed chronically. Turnover is already horrible, no one knows anything anymore. This is bad for the company and bad for the customers.

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Post ID: @b2+1kqgrbxz1

My location is set for full return to office sometime in 2027, maybe early 2028. On a 50/50 schedule now, the parking lot is already at capcity. They'll either need to get another office or fire/lay people off.

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Post ID: @an+1kqgrbxz1

fidelity is good company at least it is saying come to office !! but ruthless companies firing people in large numbers without any notice . currently market is very bad, still it is keeping people jobs that itself is great thing !!

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Post ID: @a9+1kqgrbxz1

RTO is 100% a way to push people out to lower layoff numbers. There's literally no incentive for them to do this.

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Post ID: @a1+1kqgrbxz1

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