Thread regarding Fidelity Investments layoffs

Layoffs Today

Anyone know how many and what areas were impacted?

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| 4861 views | | 14 replies (last August 23, 2024) | Reply
Post ID: @OP+1u6F0veq

14 replies (most recent on top)

Regarding a date, I don’t think it’s going to be a big layoff on a particular day, rather, it will be eliminations of roles over time, letting people go who don’t comply with connect weeks or hours in office, etc. etc. until they reach the numbers they want. Like a slow trickle instead of a big wave, and that way they avoid the appearance of doing layoffs. Roles were eliminated this week and people on here don’t even believe it because they didn’t personally see it happen. There will be more of that to come.

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Post ID: @3tss+1u6F0veq

@2qbl+1u6F0veq - do you know the date

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Post ID: @3dbl+1u6F0veq

I’m coming for all y’all, PI next

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Post ID: @2zsl+1u6F0veq

Oh… so this is why everyone is so quiet.

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Post ID: @2rwl+1u6F0veq

Obviously because it was announced to those who need to know, that those positions were eliminated. If you didn’t hear, that’s because it’s not information that you specifically need to know.

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Post ID: @2aem+1u6F0veq

How do you know there were layoffs??

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Post ID: @2vut+1u6F0veq

It’s going to be another bloodbath, the Johnsons are probably looking for an exit as GenAI is going to crush digital, fed rates are up and money isn’t cheap, RTO is a failing disaster and the next generation doesn’t really want to work hard and then all the lawsuits for self dealing and discrimination. Admit it as insiders we all would be selling stock as well if the company was public, the only thing is, those with power and money will get the information first and bailout before any of us understand what’s going on. We are so sc--wed… hang on folks it’s going to be a bumpy ride during these midnight massacres.

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Post ID: @2qbl+1u6F0veq

Anyone hear anything about FI? I’m working from home this week and our teams chats have been super quiet all week.

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Post ID: @1nov+1u6F0veq

Massive layoffs are anticipated in September.

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Post ID: @1ncs+1u6F0veq

I heard Wealth as well. Brokerage is having flash calls tomorrow morning too.

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Post ID: @1wek+1u6F0veq

DevOps in Boston marked safe again!

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Post ID: @1yfo+1u6F0veq

The development team in James got cut down to size.

The FlexiVest team lost a program quantum engineer.

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Post ID: @1sms+1u6F0veq

zero

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Post ID: @1xbe+1u6F0veq

I only know about squad leads in one area of wealth. I don’t think they’re done.

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Post ID: @iho+1u6F0veq

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