Thread regarding Fidelity Investments layoffs

How do midterms affect tech job growth?

I'm a SWE who was laid off from Fidelity in 2024. Got back on my feet towards Q4 of 2024 with a contract job somewhere else. The contract job was great, until it ended back in June due to financial constraints. The option to work both at Fidelity and this new company I worked at are there in the future. I just don't want to wait for either one to be ready, because I still need a job.

Luckily I've been getting an ok amount of interviews, like 5 interviews in the past 5 months since my last job loss. Obviously that average can be better, but this is 2026, so I'd like to temper my expectations. You might think I'm silly to say this, but I was honestly expecting more experience on my résumé (although only barely 2 years more) with in demand technologies to help me out much more more. I do have more traction that my first time being laid off, but it's been very difficult to find a job. I just got rejected from 2 interview processes this week. One being an internal pick over me, another quite literally because I couldn't talk my way through how I would utilize AI to write code for me. I leaned towards the referral route, but only 2 of the 5 past interviews I had since my last job loss came from referrals.

I'm disappointed. Not only in myself, because I know I made some errors in my preparation for these interviews, but because the job market simply doesn't allow as many opportunities as it has before. So other than mock interviews, how would I work out my muscle with interviewing? I don't want to go too hard on myself, nor give up, because I got through being laid off before in similar circumstances.

However, because of the incoming midterms, I don't know if I should expect the market to slow. I was expecting it to come to a screeching halt come holiday time, anyway. I just want to know what I should expect from companies like Fidelity or outside of Fidelity to react to midterm elections. Whether the job market will hasten or slow down.

If anyone can help me with advice on what to expect as someone who is trying to find a job during midterm, I would appreciate it. Thank you!


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| 53 views | | 3 replies (last 13 days ago) | Reply
Post ID: @OP+1m649j9ne

3 replies (most recent on top)

Current environment for employment is a low hire / low fire environment so try and not beat yourself up over having some struggles landing a position. The fundamentals are not in your favor at this point. Personally, feel election results would have very little bearing on whether corporations need to add staff or not. Many companies currently are trying to figure out how adaption of AI will fit in and improve their organization before able to reduce headcount further. The fundamentals could significantly deteriorate with employment of many positions as AI adoption penetration increases. Exciting times to be living in and a part of even if this will result and further divide of the halves and have nots with more wealth flowing to the top. Good luck out there!

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Post ID: @dv+1m649j9ne

I'd expect the job market to be uncertain, and full of corporates trying to squeeze their employees. Exactly the same as before the mid-terms and after the mid-terms.

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Post ID: @d6+1m649j9ne

Sorry this is too long and involves some sort of political discussion. Please post something more entertaining. Even the posts trolling that bootlicker troll are more entertaining

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Post ID: @b8+1m649j9ne

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