Westlake garage is backed up like crazy today. Did the 8+ rule already go into effect?
SAI
Anyone hear anything about SAI? RTO or RIF?
What’s the RIF date?
One rumor was May 5, anyone have a good source one way or the other?
Massive Layoffs Coming To PI
This information was confirmed by someone in the know. Anyone heard of other BUs doing layoffs or it will only be PI?
RTO
Cats out of the bag boys and girls. If you’re in certain sites you’re going back 100% from September.
Why are they so determined to cut critical roles?
For years now, every layoff round has taken either a core role or someone who was holding the whole team together. And nothing ever gets backfilled. No follow-up, no acknowledgment of the gaps. It's like leadership wants teams to fall apart. I get... — read more
100% RTO and Layoffs
If im them, I announce both at the same time. People left won't be complaining about 100%
I wouldn't be sad if I got laid off
Every job has its pros and cons, but here the bad has been steadily outweighing the good for years. I've got some savings, and I'm not exactly optimistic about the job market. But begging to stay and being consumed by fear over losing the job? Not... — read more
Wealth RIF
Brokerage, Wealth, WI, PI are all under WEALTH as a BU. Back in 2024, they split Wealth into Personal investing (PI) and Workplace Investing (WI) that had some impact and layoffs. But the move did not make sense long term and hence with Emerson's... — read more
RIF - SLs,GCLs
In two weeks, a RIF will take place at WI ,Wealth & Brokerage. The SL/CL roles will be combined, and SLs will be asked to assume G8 positions. GCL roles with fewer than 8–10 direct reports will be eliminated. In most cases, GSLs will take over the... — read more
Wi - Rif?
Very nervous about the next two weeks. Anyone know the potential impact to SL in WI? My group is thin so it’s baffling to think we will be impacted.
Is this info about Wealth true?
Everything with WI is re-orging. I heard first week in May it’s announcing and paired with a RIF. Mostly affecting squad and chapter leaders. OP: @b3+1kpv2g06d
Individual Buyouts ?
I’ve seen some comments about older Associates being offered a buyout package. Is that really a thing? I’m 61 and wondering if they might approach me as I don’t think another VBO is in the picture.
I've lost all motivation
No paths to advance. No real rewards for performing well. Constantly waiting to get laid off isn’t exactly motivating.
Internal mobility
When do your manager find out if you have been speaking to an internal recruiter or interviewing? Received an email from internal recruiter for a role two level higher than me. But I don't want my manager to know I'm speaking to recruiter or going... — read more
Asset management
How is this BU? I'm in brokerage, and received offer to move asset management. Does it also have constant reorg?
May re-rog
According to multiple sources here in NC, there could be a major reorganization involving GCL, SL, and Architect roles across all the BUs (Starting with wealth and brokerage) . GCLs are largely viewed as paper pushers with no real value, and many G-8... — read more
Continuation of layoffs
This or next month?
Oldest coworker around you?
I'm a level 7 individual contributor in tech in my early fifties. With four kids soon all in college and a late start (last year) on active retirement investment, I plan to work till age 65. I actually enjoy my work and my team at Fidelity. Assuming... — read more
This is not about age
People keep trying to make this about generations. Older workers don't get younger workers. Younger workers resent older workers. That's not the real problem. The real problem is the gap between everyone who does the work and the executives who make... — read more
Your regularly scheduled reminder to act your wage
You're not doing yourself any favors for doing more at this place.
A broken system plagued by favouritism
So many posts about EIA snub and no recognition highlighting individual accomplishments with EIA. An EIA IMHO stands for excelling individual, yet if you win something and instead just receive "great job team" it tells you how Chennai connection or... — read more
My 2c on EIA
Last winter two people in my team received EIA, both received detailed individual details on what they did. This year two people in my team received EIA but this time, the comment they received was "great job team". All because they're not in same... — read more
SM
I want to move into the scrum master role but i heard they are changes coming to that chapter? What are the changes please?
Connect Disaster Incoming
A handful of Grade 8 AND above confirmed big changes come September for Connect Weeks. Apparently they will be pushing for near 100% in office time and it will be up to each organization, site and lower management’s problem to figure it out. Upper... — read more
EIA - what a sick joke
I do not know why should I be surprised to see same a$$ kissers in receiving EIA. Sick to my stomach, after yet another year / quarter where the efforts are not recognized or appreciated. And no surprises where only the pets in the same location... — read more
Connect Question
In all seriousness, do we have a ballpark on when the update will be released about September onwards for the Connect Weeks schedule? Thanks!
No college degree
I understand that during the pandemic, the company needed the people who work to stay in their jobs… so they hired those who don’t as managers. But I don’t know how much longer I can stay and have said managers make fun of people who have college... — read more
Health crisis
In my department, so many people are on medical leave or coming from/going on medical leave. It blows my mind that Fidelity would rather pay stress leave claims than do anything about weak management (sorry “leaders”). Someone is responsible for the... — read more
Sept 3 Days+ Per Week Connect
Prepare now. The official word will be passed down shortly for a dramatic increased requirement for Connect Week attendance come September. NO ONE on my team (FI) or others I run into in office feel that connect weeks benefit them at all and I’m sure... — read more
Another Connect Week Complaint
Just wanted to vent on the whole connect week policy for regional centers- I'm quite frankly embarrassed to hold client zoom meetings when in the office- that clients have to hear the background noise of loud talking, laughing and coughing. I... — read more
Respecting people's time
Remember when that was a thing? Now they scheduled a mandatory meeting for Friday at 4 PM. Then they cancelled it at 3:55. Then they rescheduled it for Monday at 8 AM. That's the new culture.
Leadership
Why is leadership teams so unnecessarily large? What real value do they actually add? They hold fancy titles but contribute nothing to product strategy or execution. Most seem obsessed with impressive job titles, posting on LinkedIn, and organizing... — read more
Is Fidelity hiring FDEs?
There's a new buzz word in tech, Forward Deployed Engineers (FDE). Yeah, as if they need ANOTHER acronym over there. I might be trying to take my own tech career down that route. I used to work at Fidelity, too. Not sure if Fidelity is gonna make... — read more
Retiring from Fidelity
What are the perks of retiring from fidelity? Can you stay on fidelitys health insurance if you retire at a certain age / tenure?
Any new rumors on reorg date?
2nd quarter Finalized in April, announced in May? What are you hearing?
Industrialized Fraud H1B Visa Program
https://cis.org/Parsing-Immigration-Policy/Industrialized-Fraud-H1B-Visa-Program