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
Topics regarding layoffs at Fidelity Investments
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
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
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
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 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
Is it true that very few people take VBO, even less than in 2017? Does anyone have more detailed insights?
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
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
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
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
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?
Will provide more details later on
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
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
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
If you got the VBO offer, then I suggest that you take it. Last time the VBO was offered, a ton of people who decided not to take it got laid off after the offer expired. If you got a VBO offer, then you are on the list for removal. You are... — 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?
Wishing all the 6/30 VBO ppl a happy early retirement or next step on life.
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
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.
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
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
Usually there's a round of involuntary layoffs after a VBO round, any ideas if that will be the case again?
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
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
How did it turn out for me? Well, I turned the offer down on March 27th 2017. I was at the zenith of my career at Fidelity. I was a senior manager with a team of 50+ people. I had an E rating, highest bonus ever, largest raise ever, etc., I just... — 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
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
Considering that the large majority of those laid off are 50 or over, I was wondering if a class action based on ageism against Fidelity would be a possibility. My wife is one those who were laid off, and she said that in her department there is... — read more
Accepting a VBO would be a no-brainer for me right now. I'm not even among those folks who despise the company (although I don't blame them,) I just think it'd be a great opportunity. The economy is currently on the mend so getting a new job should... — 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
Hello Fidelity colleagues. My posting here is meant for those of you who may be struggling with your decision on whether to accept the VBO offer or not. I am sharing with you a perspective from my 2017 experience and some advice based on the... — read more
I accepted the VBO offer. I am excited and a little scared at the same time. Overall, I feel like a big weight has been lifted off my shoulders. I’m sleeping better than I’ve had been in years. I’ve spent half my life at Fidelity and excited to move... — read more
Love how the PR person always says "nothing to see here" (Bloomberg) – A former Fidelity Investments employee claims she was taunted by two male colleagues who openly made offensive remarks about her pregnancy, race, women’s bodies and... — read more
Layoff would be a relief. The reason is that I can no longer stand the way this company is run. Previously laid off were colleagues I loved to work with and from whom I could learn a lot. Now I am surrounded by much less talented people, but much... — read more
I'm hearing layoffs potentially coming next week - Not sure so close the VBO but that might encourage people to take it?
VBO is official, those who are eligible received emails this morning with offer details coming later today!!! Stay tuned!!!
Has any called the chairman’s line about a group leader who supports racism and targeting at work? This manager has many complaints on them filed by associates they manage and nothing is done about it. It k–ls me to watch this happen at work and... — read more