Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

April end bombshell

If you're JL 4/5 and your manager has more than 12-13 reports, your manager knows they are on path to have additional team members get RIF'ed. Anyone who says otherwise is obviously lying. Expect the decision to be communicated soon.

Bust your back or be entitled

What a strange culture shift we have going on. Temp guys (we all know who they are) are being made to / feared into busting their backs or risk being laid off.... While the obvious entitled ones (you know who you are), who are clearly not up to the... — read more 

This is not what I signed up for

I took a job here thinking it’d be one thing, but turns out it’s a whole different story. The vibe, the workload, the actual work - none of it matches what was promised. I hate how tough it's to know what you’re walking into before you end up stuck... — read more 

Up and down votes = 0

Amazing how many posts have the same number up and down votes to equal zero…. Hmmmm. Something fishy in the hen house going on. Everyone sees right thru what HR is doing. SMH.

Fidelity drones to hoover over WFA workers homes

Secret project has been funded to ensure WFA workers are not going away from their workstations. Drones are to hoover over randomly choosen roofs to check if workers stay at home or maybe are going on a trips... Those who get spotted will be asked... — read more 

Recipe for Fidelity Pizza?

I left Fidelity a long time ago, and just thought about the pizza again. I just wanted to know if the recipe for the FLIK pizza was accessible anywhere outside of Fidelity. Thanks.

This company is anything but healthy

If it were, profits would come from growth, not gutting the workforce. But leadership keeps taking the easy way out, cutting deeper every time. Eventually, there won’t be anyone left to cut. Then what? Do they even have a plan, or are they just... — read more 

Every day it’s something new

It really shocks me that there are so many widespread problems because people can’t work together. I wish someone would come audit the firm. I don’t think the firm would be able to cover the fees. The Covid hires, management, tech, and processors... — read more 

Travel for Grade 6&5 in India

As a Grade 6 individual contributor, I rarely have the opportunity to travel to the US and meet my team. Most travel seems reserved for GCLs and CLs, and I’m unsure how the organization truly benefits from offsites or leadership events that primarily... — read more 

VBO HealthCare

In the VBO package what is the continuation of health care coverage? until medicare coverage availability age 65?

People don’t leave jobs, they leave managers

Never really understood this until the last string of managers I’ve had. The company is not doing well and it’s obvious when there are so many people in the wrong roles and there’s no way to roll people into a new role because they’re so bad at their... — read more 

Branch Employees

Anyone notice how rude and incompetent branch employees are? They call specialty trading for any request. It could be ordering tax forms or transferring money to a bank.

Is there really a way to stalk (oh sorry, track) us

I haven’t heard of an actual way to track if someone is or isn’t onsite. Many sites have doors that don’t require you to badge out. So it seems like the only legit tracking is if someone doesn’t come in at all, which really again… if you can leave... — read more 

No More 60% Requirement??

Anyone else hear that the Connect Week in office goal of 60% of weeks being full weeks being dropped? Seems vague and maybe put in place so HR can impose any penalty once they find “trends” - regardless of why you weren’t on site and whether or not... — read more 

A pig in makeup is still a pig in makeup

Why are the managers trying to rebrand themselves as “leaders”. That’s only true about a small % of the managers here. It annoys me so much when my boss tried to use that internal marketing bs. I have a business degree, they were hired off the... — read more 

Please move tech back to india

When Techline was based in India, it was wonderful. I LOVED knowing the second I had a tech problem, I would be off the phones a minimum of 1 hour. Since IT moved to Texas, it’s much faster of a response time so I get back to work faster. No... — read more 

Connect weeks

It’s great to go in every other week. Unless those weeks are the week after and the week before your period. All the women on my team are synced up and all probably look bipolar. I hate it. Such great planning.

Bill's Banglorham visit

The great state of NC was honored to receive a visit from the supreme leader. Other than Bill and his HR sidekick, what are the two white folks doing in Banglorham? https://www.linkedin.com/feed/update/urn:li:activity:7306375829649829889/

Work Smarter ANd Not Harder

I'm tired of young people getting put down. I'm an older worker. Here's my advice. Work smarter - Not Harder. I have not always been careful with my money and didn't invest much. I just bought nice cars, clothes, traveled, and never kicked a... — read more 

Prospectus Anyone

On Fido's website, I'm researching some mutual funds, started with Fido Funds and every time I click Prospectus for a fund I get "HTTP Status 400 – Bad Request" all of the other links work = "Monthly Fact Sheet (PDF), Compare, Watch List, Set Alert"... — read more 

VBO - Leadership calls this week

@a6+1jp2j118m - can you confirm the leadership calls happened? Any update on timing? General consensus is no VBO for 2025. Anyone else in the know that can shed some light? At this point. I just want a confirmed answer. Wishful thinking, I know — read more 

Is dyed hair unprofessional?

What do you think? Looking to be least-fireable, not necessarily chasing a promotion right now. I get the sense many folks on here are more tenured. I show up clean, respectful, proper, good performance. Just not sure how much anyone really cares... — read more 

New management needed

Fidelity would really benefit from cutting all managers and starting from scratch. There have always been bad managers, just not this many. Weak managers sunk this ship.

Cuts in April - the numbers

Sounds like quite a few people. Is this accurate? Rumour has it, third of employees in every division. I won't be surprised if it's 10 - 15% overall across Brokerage/PI, which is what was discussed in the offsite meetings. OP:... — read more 

Tech Reorg announced

Why do managers try to keep things a secret. This site called tech layoffs in April, months ago. Sleepy Joe is gone guys, (not a Trump supporter) wake up. People have eyes.

No VBO Email

Thanks alot, losers!!! Fidelity can’t trust the under 40s to carry the load. Respect your older workers. We are obviously carrying the load and why you have a job!!!

Tumbling market, April cuts

Last year's cuts were due to interest rates, this time around its the tumbling market that's gonna be the reason for the hammer to strike. As other posts have mentioned, I can attest cuts are just around the corner. Company calls end of March /... — read more 

Zscaler, 6hr continuous monitoring

Big brother (Roger) wants 6 hours of "continuous" screen time as opposed to 3 hours previously. If zscaler thinks you're not on your system logged in, active , available for 6 hours during business day, you'll be in trouble. Pair it with inability... — read more 

Expect wide spread cuts April - Fall

Y'all probably not gonna believe this and disregard this post. But I consider this as my duty to keep my fellow colleagues informed who might get impacted. I'm surprised how the previous two layoff posts were dismissed. Last year we had about 700... — read more 

Squad Leads are glorified scrum masters

A question frequently arises regarding the necessity of numerous Squad Leads and Architects within modern technology teams. It's pertinent to evaluate whether these roles consistently deliver tangible value, or if they inadvertently introduce... — read more 

Are there good managers anywhere

I work in PI Operations and the managers are such a joke. Clint’s method was to hire people who were unskilled and unqualified to make reps go to TLs. That might have worked if he didn’t fill the entire department with new and terrible managers. I’ve... — read more 

Clown Town

I used to get upset about the silly things that Fidelity did like make an associate role requirement needed at least a college degree… then putting someone in who barely passes high school as that teams manager. Then I realized, people literally... — read more 

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