Thread regarding Fidelity Investments layoffs

A shift in culture

Fidelity was once a solid place to work, but the last several years have been a completely different story. It feels like the whole vibe has changed. We have less genuine people, fewer professional attitudes, and a drop in overall work ethic, especially from the higher-ups. It’s hard to ignore how much things have shifted.

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| 2981 views | | 16 replies (last December 28, 2024) | Reply
Post ID: @OP+1w4Epk5g

16 replies (most recent on top)

Fidelity keeps favoring the Covid hires. They don’t add as much value as the people who were here before then. We had to meet a certain criteria and we had to have some kind of skills. Now my department at least has given them too much power and they are causing HUGE PROBLEMS. A lot of the unskilled workers that were promoted to managers cannot handle the authority and are going to get the company sued. Then senior executives will open their ears and eyes.

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Post ID: @8deb+1w4Epk5g

Before the pandemic the goal was to try to make the IT spaces like Facebook - 'cool' furniture with updated workstations . Foosball in the cafeteria and a frat boy atmosphere where bros played football in the hallways and were loud while playing jacket-sack while people were actually trying to do work. Those same clowns are probably on this board calling for 'boomers' to quit so they can get promoted.

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Post ID: @6svq+1w4Epk5g

There are literally people on my team on welfare. Fidelity is at a place where “you get what you pay for”.

I was here before the pandemic and seeing how much favoritism over what would have been considered freak shows, just a few short years ago is alarming.

There are literally people that were working without college degrees and working for DoorDash as their income for years before Covid. The Covid hires are where I have noticed the biggest changes.

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Post ID: @6yyv+1w4Epk5g

Name a company where this culture shift isn't happening. All. Of. Them.

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Post ID: @5tqp+1w4Epk5g
Consider removing employees with 15 or more years of tenure in the company,

Really?

Aside from ageism and ignorance, what do you bring to the table? Trolling?

With more than 15 years here, I can run circles around most of the newer peers. The few who have a clue seem to laugh with me when those without a clue speak.

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Post ID: @5mpa+1w4Epk5g

When a firm makes as much money as Fidelity does and they pay their employees LESS than people working for other corporations that make less money....it really shows the greediness of this firm. RTO has ki-led all loyalty, and the firm will be sorry when we all leave at the same coordinated time :)
KARMA

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Post ID: @4uvb+1w4Epk5g

You children need to grow up, where you are going we have already been. Please stop and get out of your parents basement.

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Post ID: @2byu+1w4Epk5g

@2imb+1w4Epk5g
Nothing will happen .
Haven't come across anyone with over 15 years in the firm who remains productive. Most seem outdated, contribute little value, and focus on office politics to secure promotions and take credit for others' work.

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Post ID: @2ghf+1w4Epk5g

if you did that, the company would fold in a heartbeat.

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Post ID: @2imb+1w4Epk5g

Consider removing employees with 15 or more years of tenure in the company, as they often contribute the least, create unnecessary friction, no relevant skills, delay decision-making, and hinder the company’s growth. Their continued presence is less about loyalty and more about the inability to find opportunities elsewhere. Many have become irrelevant, feigning productivity while forming cliques that obstruct progress and exacerbate challenges

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Post ID: @2tiu+1w4Epk5g

The Culture shift really hit home for me when I would walk thru the cool new shared workspaces with all the couches that have the built in electrical plugs. As I walked thru each day to get coffee the same 5 people were "working" on their phones all day long with laptops open just in case they had to respond to a message or something.

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Post ID: @1zij+1w4Epk5g

I think it's cuz everyone is the same. White male with a beard, likes to golf and ski.

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Post ID: @dve+1w4Epk5g

I can’t believe I feel this way now, but I blame it on the inclusivity hires. Mind numbing how out of their depth they are on almost everything. Yet, we have to act like everything they said just came from Moses On High.

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Post ID: @vxo+1w4Epk5g

Agreed. It’s impacting delivery dates, quality of work as well as customer experience. It’s a shame, people used to take pride in working at Fidelity.

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Post ID: @ask+1w4Epk5g

Blame Abby

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Post ID: @aih+1w4Epk5g

Completely agree. I’ve been here since the early 2010s and the culture, employee appreciation, quality of management, quality of direction from executive leadership is completely gone. Post covid, they are trying way too hard to “take power back” semi discreetly and they know it’s not working. Honestly don’t feel like it’s ever going to get better.

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Post ID: @bnr+1w4Epk5g

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