Thread regarding Fidelity Investments layoffs

What's the point of RTO?

The last time I was in the same state as a teammate of mine was in March 2020. I go into office, no one talks to me and I talk to no one, then I badge out. Depressing.


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| 12 views | | 8 replies (last 3 hours ago) | Reply
Post ID: @OP+1m789tqtv

8 replies (most recent on top)

Leadership is composed of people who have no life outside of work. They want underlings to be in the office because it's the only semblance of friends that they have.

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Post ID: @ag+1m789tqtv

It's a power grab, plain and simple. Remember how they were ever so accommodating during the expanse of 2020-2023? Then once things cooled off a bit they started chipping away at the niceties, pleasantries, and perks. The house always wins, and they're currently in a mode to equalize the balance they felt was given up when they had to be the "nice guy" in order to avoid too much attrition during THEIR time of need. Now that it is OUR time of need, they couldn't GAF less. Hopefully those of who stay are keeping score, and also hopefully the word gets out to customers who will vote with their pocketbooks.

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Post ID: @af+1m789tqtv

@OP Same. It’s awful. At least I used to be able to talk to the cashier in the cafeteria, but nope. No more.

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Post ID: @a8+1m789tqtv

Multiple reasons:

  • Control over associates.
  • Large RIF without paying for it.
  • Meet audit requirements for the massive tax breaks the offices have attached to them.
  • Preserve the value of the Johnson family property empire.

Eventually people will turn up just happy to have a job.

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Post ID: @a7+1m789tqtv

Just get your swipes. This place does not care about you or your working conditions. You are a number in a system and will be easily replaced by someone who doesn’t see what is happening around them… Yet.

15 years in here. This is the worst leadership I have seen in my tenure. This is also the worst morale had been since I’ve been here. I also think it will get materially worse over the next 6-18 months.

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Post ID: @a6+1m789tqtv

"To crush your associates, see them driven before you, and to hear the lamentations in their verbatims" — Conan (paraphrased)

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Post ID: @a3+1m789tqtv

Control, the old guard not keeping up with the times, trying to justify commercial real estate, corporate theater, a power trip. Take your pick.

The “image” of being pro-worker is easier to paint than to actually be pro-worker. It’s very clear they would rather workers look busy than be busy. Hence why I lean toward “corporate theater.”

I’m guessing they paid a consultant and the consultant was paid $500k to say RTO is the way.

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Post ID: @a2+1m789tqtv

@OP There is no more Team culture, work in silo and get your swipe counts.

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Post ID: @a1+1m789tqtv

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