Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Make a plan

So many people seem to be worried about their future here yet so few are actually preparing for the worst. The more you prepare, the less the future looks uncertain and the fewer things you have to worry about. Change what you can and learn to live... —  read more 

2 - 5 year plan?

Fidelity has experienced "record" growth in the past few year. Record growth of hiring & promoting inexperienced/under-qualified people into positions to check D&I boxes. Record growth of unprofitable accounts that will lose money for the firm... —  read more 

what was in VBO package?

I heard this time 40% eligible people have taken VBO. Curious to know what wat the VBO package? I have VP who was getting promotion to SVP is taking buyout. Anyone knows why this time number of VBO is higher than compared to last time?

Sinking Ship

One of Fidelity's stated keystone values is jobs and promotions are based on merit. This tenet could not be farther from the truth. They are now all caught up with Critical Race Theory and being Woke. Jobs are being given to folks not based on merit... —  read more 

Solve the main issue

You know what our main issue is? Cr---y management. Until the entire leadership is replaced I don't expect to see anything change for the better. We need competent people who know how to lead - not these clowns who keep making one wrong decision... —  read more 

Re-entry

So…. How do we think mass re-entry is going to shake out at the Fido? Years of courting the younger millennial workforce about to backfire when everyone is forced back in? Stories out there of other companies losing those employees who have gotten... —  read more 

India Covid Pandemic

Our hearts go out to all of colleagues in India during the terrible Covid outbreak throughout India. Wishing you, family and friends good health and speedy recoveries. Nice to see Fidelity stepping up and helping its offshore employees.

Apple

Every single programmer and analyst I know is gearing up for Apple jobs coming to RTP. RTP is becoming crowded with companies that pay better than Fidelity. The new Apple campus is going to be practically next door to Fidelity's Durham... —  read more 

You are being targeted

I am astonished that some people are NOT taking the VBO. D&I plus the new 4 Growth plan just means they are looking for ways to RIF people in the near future. Just about every worker over 55 is in the "What's Next" bucket of 4 Growth. You are... —  read more 

Perfect Storm?

Adoption of Agile/Scrum. Complete re-write of code base for AWS migration away from old IBM codebase. Second VBO for senior employees familiar with old codebase and business logic. D&I hiring and quick advancement of inexperienced... —  read more 

VBO Exit Date

For those taking the VBO the next step is to get your VBO agreement on 4/12, which I'm told will include your exit date. My understanding it that most people will leave on 6/30 but it can be pushed to 9/30 or 12/31 based on business need. Does... —  read more 

VBO

I am curious. Most of the people here who say they received a VBO offer are over 50. Which makes sense, since I assumed this would be aimed at older employees with more years within the company to get rid of those with the highest pay. However, I... —  read more 

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