Heard this angle from three leaders in upper management of three different BUs. Since the cost of living, inflation is hurting people more than executives projected a while back, they don’t expect the same amount of attrition when we have to return back to the office in Sept. So they’re guessing more layoffs or VBO. Thoughts?
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Trump will stop my benefits so Biden is the choice for me.
I feel like they did that a long time ago
I’m curious why no one on here is talking about the quiet layoffs that are about to happen to people who were hired remote. A lot of people are going to find out in a month or so that they are not approved anymore to be remote and must come into the office. This seems super shady and unethical and maybe not legal. I don’t think anyone was told when they were hired that they’d have to reapply for remote status annually.
If VBO is offered, Fido would email eligible employees in March of 2025 then exit would be a year and 1 month from now, hang in there to eligible EE's. Higher ups in 2021 said there would be another in 4 yrs. FYI.
Fidelity always has to have a project name for every workforce strategy initiative (to make everyone sound more important than they are) and they layoffs in March were referred to as “Project Equinox”. There is a reason they picked this name for the workforce reduction - I would be on the lookout for more reductions in September…..
I heard from reliable sources that there’s no VBO. Sources know people directly who ended up negotiating an early retirement instead. They lost more people than they anticipated in the last round.
@1yzr+1sJEyOR6 debased
@1yzr+1sJEyOR6 based
I'm sure it's a waste of time to say this, but Trump and Biden are 2 sides of the same coin. Politics are just a game that divides us. Don't play the game.
Right. Exactly the same.
Both parties could be better for the average American, but jfc if you really believe they’re equally bad.
The republicans want to remove social security, Medicare and the ACA. The latter costs them nothing and will help you when you’re laid off. And you paid into the other programs.
The republicans will tell you there’s no money.
Right.
They spent for the TCJA ($4T that did nothing but make the rich richer). $7T for wars that funneled money to the MIC. Add attacking women, g-ys, black, brown and pretty much anyone else depending on the mood.
Democrats? Protecting women, civil rights and g-y people. Stimulating the economy with debt forgiveness. Trying to maintain Nixon’s EPA so we can breathe and drink. Efforts against global warming.
Yeah. They’re the same. 🙄
I'm sure it's a waste of time to say this, but Trump and Biden are 2 sides of the same coin. Politics are just a game that divides us. Don't play the game.
Biden is the worst authoritarian president I've ever seen.
@pwg+1sJEyOR6
Inflation under Biden, or authoritarian rule under Trump. Take your pick.
If a VBO happens it will be next year. It takes a lot of time to plan out a VBO there isn't enough time to get it done and have people out by the end of the year. I think they wait to see what happens between now and the end of the year then do a VBO next year right on schedule 4 years after the last one.
The amount of attrition should be simply related to the strength of the job market. In my time at Fidelity (20+ years) there were ALOT of folks who for some reason thought Fido was the ONLY place to work. Never understood this at all...
Inflation is up 19.9% under Biden. His failed economic policy costs Americans $11,400 more a year.