I see them visiting India , Bangalore so often. They hardly visit sites in USA.
Newby here- what are connect weeks?
Saw a comment on a different post about “connect weeks” schedule being posted…. What’s that? Are those weeks when you’re expected to come into the office? I assume where most if not all meetings are through Zoom? Or is it Forced socializing? — read more
Any concrete news on layoffs?
Does anybody have anything with some kind of a source outside of rumors and wild guessing?
Bloated Tech Leadership
The introduction of a co-pilot fundamentally changes our capacity. If a squad lead like me can now handle most development tasks with AI assistance, it accentuates the inefficiency of our bloated structure with so many L-8 GCLs and Architects who... — read more
Prioritize your family everybody
I read a comment saying someone was told by Fidelity that they were approved to move to take care of their ailing mother, and then Fidelity said “sike”. To the person in that predicament, I’m sorry Fidelity did this to you. I read a rumor that... — read more
What's latest on colocation????
Water cooler chatter has been buzzing and seems the idea has picked up steam again???? Our team is scattered across different regions, and I'm the only full time in this location in my team, along with few contractors. What's the latest??
I take it this did not happen?
Layoffs coming tomorrow. 15% of middle managers are getting axed. AI has replaced their job and as they add no value a reduction is needed. No layoffs today, right?
The bureaucracy here is insane
Getting anything done here is a nightmare. You need ten approvals for the simplest task. It's not structure, it's a cage that stops you from actually working. I spend more time fighting the system than doing my job.
1 week RTO beginning of March
Anyone else heard of this? Are they really going to go back to 1 week return to office? Heard from someone that works in HR
Has anyone used the company’s student loan assistance program?
Is it actually helpful?
Profit sharing delay
Any conspiracy theories on why profit sharing is posting so late this year??? In years past it always posted by the 15th or middle of January.
Does management here really keep track of your status daily for all employees? Red, Green , Yellow?
Thought this was only for project managers?
Can office location be negotiated?
If there's a job posting for the Westlake location, can I request to go to the Jersey City or RTP location instead?
Is there a possibility to negotiate office location?
I see a job posting for the Westlake, Texas office. Is it possible to ask to go to the New Jersey, Boston or Durham office instead? Has anyone heard this being done before?
Fidelity – Location bias, network hiring, language silos, and culture shifts from prior Big Tech experience
Quick observations from colleagues across Fidelity sites: Heavy reliance on personal networks for hiring (often relatives/friends from India via H-1B/transfers) → opportunities stay within tight groups. Frequent non-English communication (Hindi... — read more
I'm tired of always worrying about layoffs
That's it. That's all I wanted to say.
91 Asset Allocation Funds at Fidelity
What a joke, fido has ~91 different flavors of the same thing, what a clown camp! Is the marketing team wagging the investment management team or what holy shxt! Hmmm, how many asset allocations can we make up....how about our next attempt to... — read more
Cronyism at highest level
Head of a BU (L1) appointing his old (kisser) report to be the head (L3) of a highly technical domain which the kisser has no education, training and experience. I'm not talking about the old head of HR with engineering background moving to a... — read more
Too many Squad Lead and GCLs in wealth and brokerage
We are carrying excess headcount in Wealth and Brokerage SLs/GCLs. They are largely unproductive, with their primary 'output' being pointless PowerPoints for internal forums that achieve nothing. Their grades are inflated and must be cut to a Grade 7... — read more
Favouritism and how does it end??
There has been blatant favouritism going on since past two years within our team. This manager has been dangling the carrot right in front of me in the name of opportunities, yet has never recognized me for my efforts. All while pushing this pet on... — read more
Can someone confirm if a layoff happened?
Someone said earlier that lots of scrum masters got let go. Can someone confirm if a layoff happened yet?
Tired of the Firm
So, today, I got tired of all of these silly "executives" and the "C suite people" do nothing, talking heads, and I tossed all of their resumes in the trash. I hope they all get a layoff. I'll never hire them. There are soup lines and Habitat for... — read more
Wealth and brokerage cuts
Heard this morning that a lot of scrum masters were set free with immediate effect (contractors). Some are given time to find new role within fidelity till end of March. Any other BU getting impacted?
Toxic stress
Success and failure come from the top down. Abby has to be free falling because the company is getting worse by the day. Just grow a pair and fix the management crisis. It’s pathetic that anxiety leave is a regular reason for people to be out of... — read more
When did the scrum master layoff talk start?
Got laid off as a software engineer in 2024. Found a good life after fidelity. Just wondering where all the talk about scrum masters getting laid off came from. I heard the Spotify agile model is getting done away with (not just because of the last... — read more
What's really drove the end of Spotify agile
Spotify was a broken model to begin with especially in Fidelity. But What's the inside story on how they realized this agile model is not working in Tech. After spending millions over the years on all change.
CE group chat
Anyone heard about this group chat going around in CE? Apparently there was this 60 person teams chat where they were sharing client information, making race jokes and trash talking coworkers. Al R found out and got p1ssed and is going to fire a ton... — read more
Wealth shake up and cuts
We were told that there's a major announcement coming up next week and a bigger cuts to be announced at the end of January. Focus will be on colocation again, if you were an Exceptional performer last year you're on the chopping block if you're not... — read more
Relocation
I work in a part of FI that is now a part of Fidelity Wealth (yet we’ve been given no direction or concrete info). Anyone heard of upcoming relocation pushes away from Smithfield? The 900 building/traffic/parking garage is a complete disaster and no... — read more
Toxic manager posts
For the better part of past 2.5 years, my manager has been "dangling the carrot" in front of me as a promise to give me opportunities but reality is I have to find my own ways to showcase my work. I have noticed this snake keeps shutting down my... — read more
Why do post get deleted on here?
Wrote something earlier and now gone.
Got in trouble with HR for normal PTO usage
Had some wfh days due to flu/illness, and had too many PTO days that created a pattern. Thanksgiving, Christmas, New years all fell on a Thursday this year, which led to a lot of my off days being similar and created a pattern. Feels like I got in... — read more
Is colocation back?
Wealth and brokerage have been struggling with their strategy for better part of last 2 years. Every couple months there's an org update email followed by period of radio silence and generic "We will get through this together" bs during AAM Recent... — read more
Health insurance
This new plan su-ks so bad. I picked the same one I had last year but now it’s so much more expensive.
Is this for real??? Or some impractical joke???
I started a role 3 months back from Ohio, I had to relocate for the role to Boston per contract (which I did at my own expense) However, I had asked if I can instead relocate to Westlake as I have family there, for which I said No. This morning my... — read more
Is being a newer hire a layoff risk at Fido?
I’ve been with the company for about nine months and I'm starting to hear a lot of chatter about more upcoming changes. From what I see on here, it seems like the cuts can really depend on your specific business unit or project. I’m trying to figure... — read more