Fidelity Investments Layoffs

Topics regarding layoffs at Fidelity Investments

Return to office

Now that they are piloting return to the office plans, are people who won’t go back going to be laid off? Many comments to the video suggest they want to keep working from home, don’t feel comfortable going back to the office, etc. Seems Fido will... —  read more 

652K/yr

From previous article: “The median estimated compensation for Fidelity executives including base salary and bonus is $235,987 annually. Highly compensated executives make $652,000, according to the site.”

Fidelity Rebranding

I recall when Fidelity was a typical New England stodgy conservative workplace. I came from the west coast high tech industry and found Fidelity workplace stifling. Now that Abby has taken over from her stodgy dad, she is trying to rebrand the... —  read more 

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Post ID: @OP+134QRPj0

This makes very little sense

Why is Fidelity letting go of our top talent without even attempting to keep them? And I'm not referring to layoffs, but those who are quitting to join our competitors and are finding zero resistance from Fidelity. Nobody is trying to keep them by... —  read more 

Bonus

Does anyone know when salaried employees will have their bonus paid out? I’ve heard rumors of both the 6th and the 13th of December.

What should I tell them?

I’m a current employee at Fidelity and trying to get a family member and also a good friend to apply to Fidelity... They would be a perfect match for the company and they don’t want to because of the ugly perception of how Fidelity has mistreated... —  read more 

Future is uncertain...

Our costs are down, but prices are down too... A typical ETF charges 0.1% a year, compared with perhaps 1% for an active fund. You can buy ETFs on your phone. An ongoing price war means the cost of trading has collapsed, and markets are... —  read more 

Offshoring

A lot of these offshoring firms on US Soil are hiring those seasoned & older employees. In terms of Fidelity, there are a lot of folks that had been let go over the past few years and those that participated in the VBO are now working for a lot of... —  read more 

Sound Familiar?

IBM laying off older workers to make room for mellenials: https://insights.dice.com/2019/08/02/ibm-layoffs-ageism-age-discrimination/?CMPID=EMREUPJSADDACPA&utmcampaign=AdvisoryDiceAdvisorA&utmsource=Responsys&utm_medium=Email

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Post ID: @OP+10rDVGjb

Be smart, not just old.

(This was a reply to a different post. May work here too.) There will be reductions. So, be smart about it. Not angry. Fidelity is run by a very few, very protected people. Just look around. It’s easier to dump thousands of calls on reps instead of... —  read more 

saved from reimbursement bs

My previous comment got deleted....strange.. Anyways my lawyer got me off with a warning from this Fidelity $hit, no mark on U5 or CRD. Neda literally saved my career. Ain't cheap but you get what you pay for

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Post ID: @OP+ZEe4iij

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