I hear people saying that the constant threat of layoffs is a new thing. It's not. I've been here for a little over ten years and in all that time I don't EVER remember a time when job security was not an issue. Yes, we had better benefits in the... — read more
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
Yet another instance of Fidelity threatening this site with a lawsuit and strong arming them to delete posts. Truth hurts, but it will set you free.
Here's the risk: those who didn't take the VBO are already 'on a list'. They are next to go if the economy takes a downturn and Fido has to enact layoffs. The downside is the layoff package won't be as generous as a VBO package. They ‘dripped’ out... — read more
Based on LinkedIn feed, all white, all male, with a few exceptions.
After the colleagues who worked flawlessly left, the rest of us had a lot more work to do. I could hardly wait for them to make a replacement and I never even thought that they would hire people in their place who are any less capable than their... — read more
Enjoy the summer and your family and friends. That's what really matters.
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
In fact, I don’t know if there was ever a place that gave someone a job fulfillment? I don’t understand people who expect fulfillment here today and are disappointed when they don’t get it. And yet, once upon a time this was a place that gave a lot... — read more
It's hard for me to watch what's been happening with Fidelity in the past several years. This company used to care for its employees and now they just want to use us the best they can and then discard us like yesterday's trash. There was a... — read more
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?
Some say they once enjoyed working for this company. I have been here for 3 years and during that time I cannot say that I have ever been overly satisfied with the working conditions here and the atmosphere in general. It is very clear that Fidelity... — read more
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
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
When I see how many people are in positions they don’t qualify for at all, I’d rather quit right away. Is this a way for this company to motivate employees? Anything is possible as long as you have the right connections? I am very disappointed... — read more
Most of us millennials are not as lucky. Since we entered the workforce, we had to deal with one calamity after another. There was the financial crisis, outsourcing, the onslaught of H1B visas, and now to top it all this pandemic. Now add to that the... — read more
I mean, how bearable is it? I'm getting more and more eager to find a new job and if I don't find it by next month, it will be really bad. I worked at several companies before I came here. No company is ideal, but Fidelity is definitely the worst... — read more
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
It seems to me that this company has lost its compass. Agree? It’s hard to work and be engaged when you see that a lot of things are wrong and you can’t influence it in any way. The opinion of the employees is not heard here, nor is it of interest to... — read more
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
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