Other than the ELT, is there anybody who can consider themselves safe from layoffs these days? Everyone I know is constantly stressing about the possibility of being cut. This seems to be our new reality, which is neither good nor healthy. I remember... — read more
Topics regarding layoffs at Fidelity Investments
Does anyone know if they will internally list the names of the people taking it like they did last time? Last VBO they had a board where you could see the names and wish people luck before they left. With everyone being remote it is difficult to... — read more
Wishing all the 6/30 VBO ppl a happy early retirement or next step on life.
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.
This final agreement is difficult to read. I feel like I need to hire a lawyer go thru it. Is everyone just signing it? Is there anything in this document to be concerned about?
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
Is it true that very few people take VBO, even less than in 2017? Does anyone have more detailed insights?
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
Usually there's a round of involuntary layoffs after a VBO round, any ideas if that will be the case again?
At first I was happy when I got the date 9/30 but not so anymore. It’s a lot of time to spend here. Certainly this is good because I can approach work in a little more relaxed fashion and have time to prepare for new things in life, however, my... — read more
Someone mentioned here that the newer generations get promotions much faster than the previous ones who had to invest more effort and wait longer? I somewhat agree because there are always exceptions. I try to be objective and I think I have long... — read more
Anyone else in the branches getting a ton of pressure to return to the office? We have had 4 meetings this week about returning and management keeps saying "it's voluntary". Anyone else in the branches feeling like the branch managers are pressuring... — read more
While I applaud Fidelity for trying to become a more progressive company which is appealing to younger candidates for employment, I have to agree it is a lot of change in a short period of time. Since I am on the boat, I hope the captain keeps us... — read more
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
I posted earlier today about how D&I policies are negatively impacting the people they are intended to help, and alienating others, and the post was taken down. It was reasonably worded and even voiced support for "diverse" employees. Yet, it was... — read more
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
With the massive overhaul and massive WOKE behavior at the firm, the old Fidelity is disappearing. The company is going to align with the "Albuquerque Model" of staffing. If you know what I mean, then you know what I mean. I've seen "D & I"... — read more
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
I have been loyal to this company for years and got very little in return. What particularly bothers me is that lately I feel totally useless, and I believe that similar feeling is shared by all those who are 40 or older? It is exactly what someone... — read more
Respond yes or no Age Tenure WI or PI or Other Reasons why taking it or not Any plans afterward? Happy with the benefits? Other thoughts?
Someone asked if ship is sinking since we have second VBO in a less than a decade. In my humble opinion, the question is not whether it's sinking, because it is obvious, but how fast is it sinking? Anyone who is young and talented should look for... — read more
I accepted the VBO offer. I am excited and a little scared at the same time. Overall, I feel like a big weight has been lifted off my shoulders. I’m sleeping better than I’ve had been in years. I’ve spent half my life at Fidelity and excited to move... — read more
Accepting a VBO would be a no-brainer for me right now. I'm not even among those folks who despise the company (although I don't blame them,) I just think it'd be a great opportunity. The economy is currently on the mend so getting a new job should... — read more
How did it turn out for me? Well, I turned the offer down on March 27th 2017. I was at the zenith of my career at Fidelity. I was a senior manager with a team of 50+ people. I had an E rating, highest bonus ever, largest raise ever, etc., I just... — read more
Hello Fidelity colleagues. My posting here is meant for those of you who may be struggling with your decision on whether to accept the VBO offer or not. I am sharing with you a perspective from my 2017 experience and some advice based on the... — read more
If you got the VBO offer, then I suggest that you take it. Last time the VBO was offered, a ton of people who decided not to take it got laid off after the offer expired. If you got a VBO offer, then you are on the list for removal. You are... — read more
I'm hearing layoffs potentially coming next week - Not sure so close the VBO but that might encourage people to take it?
VBO is official, those who are eligible received emails this morning with offer details coming later today!!! Stay tuned!!!
Layoff would be a relief. The reason is that I can no longer stand the way this company is run. Previously laid off were colleagues I loved to work with and from whom I could learn a lot. Now I am surrounded by much less talented people, but much... — read more
I’m still safe, but I’m worried. Someone here mentioned that layoffs have already started, but I don’t know anyone who has been laid off these days. Are the layoffs still ongoing?
Any ideas on which departments may be affected by layoffs?
Love how the PR person always says "nothing to see here" (Bloomberg) – A former Fidelity Investments employee claims she was taunted by two male colleagues who openly made offensive remarks about her pregnancy, race, women’s bodies and... — read more
Looks like layoffs are around the corner.
Has any called the chairman’s line about a group leader who supports racism and targeting at work? This manager has many complaints on them filed by associates they manage and nothing is done about it. It k–ls me to watch this happen at work and... — read more
As everyone here knows, Fidelity employees are working from home. Currently, only management employees are being reimbursed for cell phones, but as all employees are using private devices, does the company run the risk of a lawsuit for not... — read more
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
Just curious to know how many people if any know Boston sunk 1B in the Permian Basin? The asset continues to bleed red. Mass layoffs for field and office staff. DNR board know what they allowed to happen. Consequences????
TIAA just announced: https://www.pionline.com/money-management/tiaa-nuveen-expect-low-takeup-buyouts Anyone here anything for Fidelity?
Since Fidelity has been spreading the news about hiring about, it sounds like, 1.5 million people, have they rehired any people previously laid off?
How’s your portfolio in Defensive Pas?