As somebody said in another thread, too many people at Fidelity who are complaining about layoffs are those who have not even tried to keep up with the changing times and now their pay does not match their skill set. If your skills do not match... —  read more 

I heard there will be big layoffs in 2020.

Sorry to say it.

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 

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 

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 

https://www.wsj.com/articles/lower-income-americans-are-increasingly-job-hopping-11569277210

Let's hear some stories of the firm handling this... Overreactions? Only certain people getting in trouble.

For several years Fidelity has been pushing the job mobility thing. Being a white male in my 50s, I was resisting it for a long time because I didn't want to end up the new, inexperienced, guy on a team and be easy pickin's to lay off. But, in the... —  read more 

I bet Ned is not so happy with his daughter right... —  read more 

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https://features.propublica.org/ibm/ibm-age-discrimination-american-workers/

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

Heard new layoffs in WI now they have gone full agile. 200 plus over the last two weeks or so. Multiple locations.

(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 

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

The only guarantee is there will be reductions...(This is Fidelity we are talking about!) Whether it’s wrapped in a silver VBO wrapper, or poorly disguised as a ham handed “re-org / eliminations (by conference call) with ‘new jobs’ for which everyone... —  read more 

Will provide more details later on

People layed off in Covington and across FBT. I heard there is another layoff for operations and other departments.

I replied on my own to FINRA 8210 letter and I was sure it was a thorough and accurate response. Last week I got another 8210 letter. Did anyone else experience this?

Possible or not? Thoughts?

Anyone hear about this ? Fidelity calls the charge an “infrastructure fee.” The fee reportedly amounts to 0.15 percent of not only Fidelity customer assets, but also of the mutual-fund company’s industry-wide assets. It was implemented in 2016... —  read more 

Anyone know if these guys d--g test for internal hires?

Any updates?

Anyone has that WSJ article on the drama? I am getting prompted for a password... —  read more 

Has anyone heard rumors of another buyout in 2019 for 50+ folks?

Any news on layoffs? There were mentions of another round in February but then all talk of it died down. I'm hoping that means the rumor was debunked as false, but it would be nice to know for sure. I know we'll be seeing more layoffs in 2019, but... —  read more 

Worst week since 2008, which was the last time there were deep layoffs at the company. PAS / mutual fund revenue just took a 20% haircut in the last few months. Money markets are the new cash cow, but is it enough to keep the ax from coming down?

Anyone Remebers 1987?

What do you think about it? I’m referring mainly to local managers bringing in their kids, taking better jobs away.

So here I am, it was a good run, Boston times were fun, very fun and I was not s-xist and discriminatory, but I guess I will need to pay the price for my forefathers. You really have to wonder what you get for being a good, clean and honest person at... —  read more 

For all of you who complain about Abby and her greed ... what do you think of the 20% bonus most associates will receive next week in addition to the 10% Profit Sharing we receive in January ? I don't that that is greed at all.

Ran across this interview online and I found it to be a good read. The CEO and the chief of the Personal Investment Unit discuss the current situation at the company and the plans for the future. For those who are interested in this, the interview is... —  read more 

Hmm Abby, don’t have enough money or is something else up?

Just starting a thread

As it was announced earlier, and in accordance with the company’s efforts to move into the cryptocurrency market, Fidelity is set to launch their custody service for cryptocurrencies and at this point will not establish their own exchange. Think that... —  read more 

https://www.investmentnews.com/article/20181011/FREE/181019976/fidelity-sued-again-for-401-k-plan-mismanagement

Huge chunk of roles in pi l&d got eliminated today. They have until the end of the year. —  read more