Thread regarding Fidelity Investments layoffs

Scrum Master Layoffs

Does anybody know what algorithm HR used to layoff the scrum masters? I feel that there are a lot of scrum masters who shouldn’t have been let go.

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| 3421 views | | 19 replies (last April 6, 2024) | Reply
Post ID: @OP+1rEtae62

19 replies (most recent on top)

Cost of current employee vs replacement cost.

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Post ID: @getu+1rEtae62

I'm not sure what sort of SMs are out there. Perhaps we need to make certifications stronger because good SMs can turn a project/product/team around quickly. I've seen strong SMs work two teams from dysfunction to releasing every two weeks in a few months. But it takes a tech background, a willingness to shield the team, OD skills, and management support. This backtracking on Agile is an excuse to fund the next fad - Artificial intelligence. The money has to come from somewhere, but the bad news is that companies that can't do agile will su-k at AI.

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Post ID: @gnfa+1rEtae62

I am sorry about those who got laid off, but the scrum master job had to go. No reason for a company to hire a full time employee to do tasks that requires maximum 20minutes a day. It’s actually shocking that this job was actually able to stay for this long. Other companies are also realizing that scrum master/tpm roles don’t really add much value and are border line scams so they are getting rid of the job function. Meta, air bnb, capital one have already removed the job. More will follow and it’s crazy to think that people were getting paid six figure salaries to send out meeting invites

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Post ID: @awxs+1rEtae62

@3zvu+1rEtae62 have you opened your home to any homeless US citizens or to any migrants?

You have no authority over anyone - thank goodness.

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Post ID: @4mwm+1rEtae62

I find it distasteful that someone worth over 25 billion dollars can't spare a billion to help the starving people of the world. Sure there is Fidelity Charitable org, but when people invest in the funds, Fidelity is making money off of the expense ratios - so it's not truly altruism. Capitalism is better than communism, but at some point how many billions do you need before you question whether it's moral to keep collecting billions while others in the world are suffering. Fidelity should be doing something with their Boston buildings to alleviate the housing crisis. The 2 weeks in office requirement is just a way to increase attrition. Why not use the buildings for the greater good?

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Post ID: @3zvu+1rEtae62

oops some charachters are apparently restricted here to prevent code injections so my message makes no sense....

SM - Scrum Master
SL - dont know what this ACK means
CL - Chapter Leader
CAL - dont know what this ACK means

thx!!

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Post ID: @3xrl+1rEtae62

Ok: I lost my decoder ring..... see below ..... and I dont miss agile for sure.

SM & SL could be performed by the same person.

CL and CAL could also be combined and performed by the same person.

As it stands now, SMs and CLs have a lot of free time.

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Post ID: @3nkv+1rEtae62

SM & SL could be performed by the same person.

CL and CAL could also be combined and performed by the same person.

As it stands now, SMs and CLs have a lot of free time.

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Post ID: @3qal+1rEtae62

SM is functional. Doesn't warrant a FTE and bloated salary.

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Post ID: @3vyk+1rEtae62

SM didn't earn the respect they demand, nor the money they are paid; they are simply exploiting misconceptions and ignorance surrounding the agile management model.

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Post ID: @1viz+1rEtae62

Lots of ignorance and disrespect on these threads about the scrum master role.

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Post ID: @1mng+1rEtae62

Scrum Master is often seen more as a function than just a role. In many companies, the Product Owner, Business Analyst, or another team member can fulfill this function by dedicating an additional 10 minutes per day alongside their core tasks. It's unnecessary to create a full-time job or role solely for a Scrum Master, as anyone with basic organizational skills could handle it effectively.

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Post ID: @1fpw+1rEtae62

In current times, the role of a Scrum Master appears to lack substance. Their duties primarily consist of sending meeting invites for half an hour daily and passively attending meetings without making substantial contributions, all while making a salary exceeding 100K annually. It’s an insult to people who study and work so hard to get and keep an IT job.

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Post ID: @1ufp+1rEtae62

To the ignorant fool who states Scrum is the latest fad: Did you know the first place Scrum was ever used was at Fidelity to get the brokerage site on the web? That happened roughly 30 years ago.

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Post ID: @1nrb+1rEtae62

SM job is a hoax, counterproductive.

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Post ID: @mtp+1rEtae62

The SM that is not doing anything is a good one. The worst are the ones consider themselves management and assign random tasks to development members to “improve” their process so they can show they are so valuable and useful to deserve making meeting arrangement full time job.

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Post ID: @sin+1rEtae62

What do scrum masters even do? Are they client facing?

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Post ID: @nhg+1rEtae62

Latest business fad to be de-pantsed. Black belts, Lean, Scrum, GWO, Open seating.

Abby becomes infatuated with what other companies have success with and tries to copy it top down, even if it has no relation to our lines of work.

Instead of inventing something of our own, we just try to apply other people’s successes.

Just the latest fad to fade. What will be next in line?

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Post ID: @kxc+1rEtae62

They make a ton of money and many don’t do sh-t

Not happy about layoffs, but hope this acts as a wake up call

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Post ID: @wdg+1rEtae62

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