Thread regarding Fidelity Investments layoffs

For those who think it’s over

1000+ roles might not seem much but majority of these were VP, SVP level roles.

When these leadership roles are filled, the teams are consolidated and there WILL BE natural redundancy introduced that will further fuel reduction in future.

The leaders and HR have been lying all this time.

The 800+ leadership roles elimination have left 25k associates fate again in limbo.

The new leaders who take up these roles will again evaluate team structure, introducing further stress, anxiety and uncertainty which will last till fall.

And next Q1 will further see more reductions.


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| 1 view | | 3 replies (last May 14) | Reply
Post ID: @OP+1kr9ggrj3

3 replies (most recent on top)

God I hope this is correct.

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Post ID: @va+1kr9ggrj3

There are layoffs every year. This is clickbait.

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Post ID: @e5+1kr9ggrj3

I heard over 1400+ to be more accurate

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Post ID: @a3+1kr9ggrj3

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