Let's hear some stories of the firm handling this... Overreactions? Only certain people getting in trouble.
Topics regarding layoffs at Fidelity Investments
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
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?
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
Huge chunk of roles in pi l&d got eliminated today. They have until the end of the year. — read more
Only seen on FB, but site strategy is being blamed.
This is not layoff related, but here it goes anyway. Abigail Johnson stated that Fidelity will start launching cryptocurrency based products by the end of the year. We’ll see how this one pans out, as her statement wasn’t too detailed, but I sure... — read more
IBM Faces New Age Discrimination Lawsuit, Alleging Unfair Layoffs... — read more
Friend of mine heard from secretary today, that new VBO will be offered in October, for those 55+.
https://www.cnbc.com/amp/2018/09/04/fidelity-offers-first-ever-free-index-funds-and-1-billion-follows.html Call me skeptical. Given what’s going on in our country, I no longer believe everything I read. So many of these large corporations are playing... — read more
For years they have employees working hours daily without pay, because the company is so cheap (tight). Hourly employees with families. They want to give away the kitchen sink to clients at the expense of their employees. Then when an employee messes... — read more