I got let go for admitting I returned computer items from over 3 years prior. Repurchased but eBay goes back only 3 years and PayPal 2 years. Don't think it would of mattered even if I could get them. If you are called into investigation by internal director, I highly recommend you say nothing and tell them you want to discuss with your legal council. you may be let go any way but at least you can force their hand. They may have got records from the stores without your consent which is better to show if it goes to court.
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make sure you sort by "active" (vs "older replies") and it will be at or near the top for you
Can this entire thread be pinned to the top of the board?
The company has changed dramatically for the worse over the past 2-3y. Morale is poor and many people feel like it’s a hamster wheel type place to work with minimal upward mobility.
This company has gone insane. I've heard that there has been a recent uptick in people voluntarily leaving the firm. Not over these reimbursements, but due to a drastic shift in the overall corporate culture. I've been out of Fidelity for a while now, so I can't speak first hand, by from what I hear things have gone downhill fairly quickly in terms of the culture at Fidelity.
Just heard of this post. This is insane.
So how is this not defamation of character especially when people are being materially hurt because of unsubstantiated allegations? If you call someone a killer and an investigation is done that yields no evidence that The individual had in fact killed someone, continuously making that accusation and costing that individuals future opportunities is at the very least defamation of character.
The two investigators that handled me made it seem like coming clean would help me but in reality like the previous poster said, that was not true. I admitted full guilt in my interrogation because of this. My disclosure is that of the generic type, allegations etc so who knows their process.
Once again evidence that anything said in an interview with internal investigators can be used against you, but will never be used to clear your name or save your job. The investigators, oftentimes acting in a "good cop bad cop" pair, pretend that your full disclosure will help them in determining whether you can keep your job. But, in reality your job is already gone. It's just a ruse to see if you will make their job easy by providing an admission of guilt, closing the door to any possible future wrongful termination suits. Since they ambush you, you have no time to prepare a response or consult counsel before responding under duress. If you give them nothing, yes they will likely use the "allegations" language in the disclosures. If you admit guilt, anything you say can and will be used against you. It would be worthwhile for all active Fidelity employees to mentally prepare for this scenario in case it ever happens to you. Many posters on this board see the truth that this is all a way to reduce workforce without high severance and morale costs. Look out if you are a tenured white male. Today the topic is computer reimbursements, tomorrow ???
What I find particularly interesting is the language in the disclosures. Some disclosures use specific details pertaining to that representative. Like if the rep admitted to wrongdoing and voluntarily repaid the reimbursement etc. What is concerning are the ones with the generic statement that was used when they couldn’t prove wrongdoing. If an allegation is made and an investigation is performed and the individual is not found to have engaged in fraud, how then after firing the individual can you still accuse them of fraud? The accusation came before the investigation, investigation failed to prove elements of fraud, so how can the accusation still exist?
More than 200 were fired for this.
Yea I’m sure anyone actually taking legal action will be advised to come in this public board and outline details surrounding their case.
Fidelity is a very conservative company, I doubt they would open themselves up for litigation by mass firing for cause in a gray-area(lack of policies around reimbursement).
Many lawyers were trolling this group, did any one really file a law suite yet?
I had heard of a Westlake associate did file and settle... but since people are not sharing much not sure if it is true of not.
This isn’t a women vs man thing; many other areas of Fidelity that is the case. This is a way to reduce payroll expenses, with little to no recourse for those effected. It’s dirty!
https://www.thinkadvisor.com/2018/07/13/why-this-firm-doesnt-shy-away-from-advisors-with-r/?slreturn=20180613114258
It may help some of you.
I personally know of 4 women who were fired for computer reimbursement...
Is anyone aware of any women let go during the witch hunt? Certainly women could have been just as likely to fall victim to the unwritten rule as men. I say this because: 1. I only know of men that have been let go; 2. The firm is on an unending quest to shift to have more women employees
Is it known how the CFP board is handling these cases specific to Fidelity reps who have been fired? Are certificants able to keep their CFP designation, or do they need to quit first to avoid the black mark and removal of CFP marks?
Nothing internally, they claim this is all just fake news
Was there any internal communication on exchange and return policy after so many firings by Fidelity?
Dude, if you made an exchange and you didn’t update the paperwork, and you don’t leave immediately, don’t come back to this board and complain when they walk you out. I’m definitely not saying that what Fidelity is doing is in any way right, but you know the game they are playing and you are choosing to stay and play.
Fidelity has probably saved over $30 million in collective compensation because of these firings. Your income is just going to add to the pot and get some shills in Boston extra shares.
Yes, I am asking because I am concerned for myself and others who are getting penalized for no intention to defraud the company - overlooking the “unwritten” requirement to update the claim after an exchange of computer of higher value.
The group that used the same receipt to file multiple claims had clear intention to defraud the company, but lot more have gotten caught in the mess.
Why are you asking? Are you afraid they’re coming after you?
Historically fidelity fires around first week of July
Any news from the regions around any reimbursement related recentvfirings?
Outside of two in Cincinnati recently May 11 is still last known mass firings date.
Yea but these firings went on for a year before anyone really noticed.
Not hearing any other reports of firings in the branches other than the Cincy rumor on these boards.
First off, these employees just let go were given more than a fair warning to get out. If they knew they made an exchange, they should have left months ago. Now they are totally f---ed.
Second, Fidelity is the uncontested skumbag employer of the decade winner for how they are treating their employees. They are cheap, unclear in policy, technologically retarded, and lack real leadership at all levels of management.
I only know the story about one of them and it's pretty familiar. Bought a laptop. Spouse didn't like it. Exchanged it for something "slightly cheaper". No details on the price difference
Anyone know the story of 3 reps who got fired due to reimbursement issues.
200 has been confirmed in WSJ report
There have been a confirmed handful since.
But 600-800 mentioned in previous posts is unconfirmed and a very large number of firing that would be all over the media. You cannot fire 800 withough a massive media exposure.
100% confirmed that the 3 Cincinnati branch reps were let go. I have friends in that office. I know nothing about any other potential firings.
Nobody has provided evidence that more than 200 people have been fired, however I’m sure it’s the case.
I feel like someone is trying to create panic among active employees. Nobody has provided any evidence that Cincinnati branch employees were recently fired. The entire tone of the boards has changed.
If we want to talk about something real, how about the fact that we are less than two weeks away from the traditional layoff holiday for Fidelity. Either Tuesday July 3rd or 10th would most likely be when the next layoffs would occur based on past.
How many got fired this week? Any more updates? I heard from internal sources that they are planning to fire 100 plus by End if this week. Is it true?
Fidelity is trying to find every way to get rid of people in cheapest way. They will next check emails, communication of each employee; find something unethical and will fire them. What a cheap place. They have fired more than 800 people so far only for mistakes and reported 200. Also they have a target to meet so more firing by end of the year. Looks like they are loving it.
I'm not buying that it has come to this simply to treat everyone equally. From what I gather, this started with a group of people using the same receipt to take advantage of the perk. Perfectly fine to discipline those people as warranted. However, how did it evolve into the witch hunt?
If one person submits a falsified expense report, you don't go back and audit everyone else's expense report. If one person submits a falsified time card, you don't re-check everyone else's time card. They seized on this as a way reduce headcount in the name of ethical behavior.
I think they just treated everyone the same for legal reasons.
If they are firing people over $60, then this just confirms what I have thought all along. This is a covert way to reduce headcount. We all know they hate to be associated with the word "layoffs", so I guess this sick game that is ruining careers is their way to achieve that. Disgusting!
How many times has someone bought an extra round of drinks on a corporate card that cost $60? No way this about the money or even the principal.
This is completely off the rails.
Fidelity had to go directly to Apple for the records. There is no order number for physical store purchases like mine nor is there a way to just look it up..! They went thru some request process to get a copy of the actual receipt showing where I returned the computer. They showed it to me in my interrogation. I provided them with the receipt showing that on the same day I returned the desktop, I purchased an iPad and a Mac book, difference in price about $300. 20% of that is 60$. THEY STILL FIRED ME.
I agree that Apple and Best Buy did not need to provide anything to Fidelity for the investigators to know the status of items.
Fidelity chose to take it up a level and obtain those receipts.
If investigators had approached employees that they found had a returned status, they would have been given an opportunity to explain.
Some would have quit if given a chance. Others may have fought it and been proven to be frauds.
While some others would have fought and been cleared.
Fidelity wasn’t and still isn’t interested in any of that. If they called you into the room, you were never getting out of it and never working working again in the industry. Your excuses and justifications are worthless. If your (A) number is called, you are finished!
Sure there’s a few exceptions but this applies to the great majority of those impacted.
Apple didn’t need to give them anything. You can see item history, tracking, serial number etc. just by looking up the order number, which was provided to them when you all submitted for reimbursement.