Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

August cuts

If there really are just layoffs in place of firing people. Hopefully I’ll be safe for this rumored layoff

OBTL

Anyone else realize how bad OBTLs are at their job. They tell their reps to “get it to ats” if you don’t know. They don’t even hold reps accountable for leaving transfer notes, which is company policy. Leads to a very negative client experience and I... — read more 

Company culture

I started gaslighting myself by thinking about the good ole day at fidelity… then I remember being on multiple teams where women had extra children just for some time off. No, it’s always been this bad.


Connect week schedule and layoff posts

With connect weeks schedules currently only available until Feb plus so many CIO's having off site with regional leaders , the outcome of colocation push is not too long. The decision has been made already, non performing contractors will have two... — read more 

What type of medical issue would be considered to have you work fully remote or only show up 1x a connect week?

I have chronic migraines but still show up to work and don’t think my issue would get approved. I could get a doctors note but I don’t think it would qualify me for fully remote and could be used against me I assume. One of the members on a team I... — read more 


What is this role GCL really about?

A glorified 'yes-man' , minimal technical skills, zero initiative, and a submissive mindset that prioritizes compliance over competence. No vision, no real expertise, just blind agreement with whatever nonsense comes from above. The lower your IQ... — read more 

Enterprise layoffs

Massive layoffs are coming, and architects are on the chopping block....rumors say over 20% cuts. This is dangerous because the architecture group holds our tech together. Meanwhile, many GCLs and tech leaders are weak on actual tech skills. Please... — read more 

FI Deathblow Incoming?

In all seriousness, has anyone heard anything about upcoming layoffs to Fidelity Institutional? Either Custody or Clearing? Absolute skeleton crew and service model changes have people speculating layoffs will follow. I hope not. Need the health... — read more 

Wealth brokerage cuts

~3k roles to be trimmed across Wealth / brokerage this fall. Some impacted individuals will be communicated end of Aug as immediate separation . Some folks will be asked to stay till end of October basically giving them 2 months to find a new job... — read more 

Dynamic Hypocrisy

My boss asked me to reschedule something I took PTO for, in advance,because they didn’t want me taking time off to become a trend. My manager proceeded to take off two dynamic weeks after that.

Architect roles

Do we really need this role?..They just come to the calls and talks same nonsense over and over again

All the commotion for Fidelity just to keep us at every other week until Feb 2026. What’s next? Why only 6 month schedules?

Everyone was expecting the new schedule that dropped a few weeks ago to require us to be in the office every week with all the secrecy and commotion Fidelity had around it. When they realesed the schedule and it was the same as irs been a lot of... — read more 

About relocation posts

Understand the pattern. If you're not in a location where majority of your team is, be wary if: A new team member joins your team in a location where majority of the team / your manager is. That team member immediately starts talking to you... — read more 

Too many leadership levels

I'm actually heartened to see that I'm not the only one frustrated with the multiple layers upon layers of 'leadership' at Fidelity. I recently was told to lead an effort to repair data. It was me and one other EE 'in charge' of repairing the data... — read more 

Position moved to NC

I am sick to my stomach as I write this and filled with anger, frustration, despair, sadness. I was told this morning that my position is moved to NC from Boston. I have to tell my snake manager by the end of this week if I WANT TO UPROOT MY LIFE... — read more 

With the relocation

I will be moving to smithfield in the next month, if the COLA in my current area is lower than smithfield would I get a COLA adjustment to my salary or would I need to wait until annual raise

Wasting Away

Having it take over 30 mins just to get off the Smithfield campus every day each connect week is fing ridiculous. Then you have to deal with a totally congested Rt 7 which has seen a ton more accidents. Someone high up the ladder must be getting off... — read more 

Tight Promo Cycle

Heard it could be a tough promotion year, since we're already top heavy in the Director and VP roles. Bring on the VBO! What are you hearing?

Will Fidelity be hiring more newbies to groom?

Fidelity went through changes over the past few years. New blood will be needed to go with the new norm. That being said, new blood as in “new from college” would also be ideal. Programs like Leap and other training programs for new grads that... — read more 

Annoying overenthusiastic folks

Understand you are new to the team but calm tf down. There are so many of these "yes-man" and "yes-women" types who barely make any progress on their tasks, yet want to stick their nose into other people's business just so their managers can see... — read more 

Melia announcing cuts (repost)

Since Roger retired, the team is reconciling the track it reports, recommendations he shared for trimming budget across Wealth BU. With that said, Melia seems to be announcing broader cuts starting August, going into end of year due to colocation... — read more 

Connect Question

I’ve received different answers within my team: if you have a PTO day or two during a connect week but then have to WFH another day that week, does that matter? Some say who cares you lost the week anyway (about the 60%) and others think it will be... — read more 

Devil boss

Anyone else have a manager who ghosts the team for days but will always try to zoom with you the last hour of the day, just to make sure you hate your evening as well? At first it was just annoying but she does this all the time to many of us.

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