Thread regarding Fidelity Investments layoffs

Seniority

Now that I’ve been here over a decade, I can see why the old timers before would get livid that Fidelity invests so much in kids right out of college.

At the time, I thought the older people were jealous but now I understand fidelity gives the kids more money because they’re the only ones d-mb enough to work for free.

When they move into the “I’ve been here a decade”, they’re all also confused as to what happened, then they burn out.

That’s not favoritism like I thought it was, it’s someone who needs to go back to school and stop playing “leader”. Fidelity cannot stay a top company when fundamentally we cannot understand the difference between what the words leader and manager mean.

To save the company from imploding, fix the management pandemic panic.


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Post ID: @OP+1m31qs1yj

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tell me what are the so called Project Manager's Managers are doing. This is the first time i am hearing of a Company where Project Managers do not report to a technical leader but another non- technical Project Manager (Scrum Master Chapter leader) who understand Zilch about technology and only talks about coaching which does not make sense for a company like Fidelity where things are moving fast. These people manager layers are making free money off of nothing no tech. Hope Fidelity does something about it!

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Post ID: @hs+1m31qs1yj

This applies to products just as much as new hires. Early on, the promises of growth and modern tech are exciting. What gets forgotten are the critical core systems and the institutional knowledge keeping them alive.

As experienced employees leave, companies like Fidelity risk facing a severe skill gap if they continue prioritizing the shiny and new over the back-office staff who actually keep the lights on. This will happen sooner or later.

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Post ID: @c3+1m31qs1yj

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