When’s the class action going down with this? It’s clear as day that Fidelity made these mass terminations knowing that revenue declines were on the horizon. I’m sure that Fidelity made assumptions that they can not prove to terminate so many... — read more
Topics regarding layoffs at Fidelity Investments
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
Does anyone know when salaried employees will have their bonus paid out? I’ve heard rumors of both the 6th and the 13th of December.
I heard there will be big layoffs in 2020.
As somebody said in another thread, too many people at Fidelity who are complaining about layoffs are those who have not even tried to keep up with the changing times and now their pay does not match their skill set. If your skills do not match... — read more
(This was a reply to a different post. May work here too.) There will be reductions. So, be smart about it. Not angry. Fidelity is run by a very few, very protected people. Just look around. It’s easier to dump thousands of calls on reps instead of... — read more
I’m a current employee at Fidelity and trying to get a family member and also a good friend to apply to Fidelity... They would be a perfect match for the company and they don’t want to because of the ugly perception of how Fidelity has mistreated... — read more
Sorry to say it.
Our costs are down, but prices are down too... A typical ETF charges 0.1% a year, compared with perhaps 1% for an active fund. You can buy ETFs on your phone. An ongoing price war means the cost of trading has collapsed, and markets are... — read more
SIAP but sounds like there is an internal audit where they are reviewing employee reimbursements submitted. From what I heard people have already been let go. Not sure if this is ongoing or not, but just an FYI
A lot of these offshoring firms on US Soil are hiring those seasoned & older employees. In terms of Fidelity, there are a lot of folks that had been let go over the past few years and those that participated in the VBO are now working for a lot of... — read more
Let's hear some stories of the firm handling this... Overreactions? Only certain people getting in trouble.
I bet Ned is not so happy with his daughter right... — read more
For several years Fidelity has been pushing the job mobility thing. Being a white male in my 50s, I was resisting it for a long time because I didn't want to end up the new, inexperienced, guy on a team and be easy pickin's to lay off. But, in the... — read more
My previous comment got deleted....strange.. Anyways my lawyer got me off with a warning from this Fidelity $hit, no mark on U5 or CRD. Neda literally saved my career. Ain't cheap but you get what you pay for
IBM laying off older workers to make room for mellenials: https://insights.dice.com/2019/08/02/ibm-layoffs-ageism-age-discrimination/?CMPID=EMREUPJSADDACPA&utmcampaign=AdvisoryDiceAdvisorA&utmsource=Responsys&utm_medium=Email
Heard new layoffs in WI now they have gone full agile. 200 plus over the last two weeks or so. Multiple locations.
The only guarantee is there will be reductions...(This is Fidelity we are talking about!) Whether it’s wrapped in a silver VBO wrapper, or poorly disguised as a ham handed “re-org / eliminations (by conference call) with ‘new jobs’ for which everyone... — read more
Will provide more details later on
I replied on my own to FINRA 8210 letter and I was sure it was a thorough and accurate response. Last week I got another 8210 letter. Did anyone else experience this?
Any news on layoffs? There were mentions of another round in February but then all talk of it died down. I'm hoping that means the rumor was debunked as false, but it would be nice to know for sure. I know we'll be seeing more layoffs in 2019, but... — read more
Possible or not? Thoughts?
I got let go for admitting I returned computer items from over 3 years prior. Repurchased but eBay goes back only 3 years and PayPal 2 years. Don't think it would of mattered even if I could get them. If you are called into investigation by internal... — read more
Anyone hear about this ? Fidelity calls the charge an “infrastructure fee.” The fee reportedly amounts to 0.15 percent of not only Fidelity customer assets, but also of the mutual-fund company’s industry-wide assets. It was implemented in 2016... — read more
Anyone know if these guys d--g test for internal hires?
Has anyone heard rumors of another buyout in 2019 for 50+ folks?
Anyone has that WSJ article on the drama? I am getting prompted for a password... — read more
Anyone Remebers 1987?
Worst week since 2008, which was the last time there were deep layoffs at the company. PAS / mutual fund revenue just took a 20% haircut in the last few months. Money markets are the new cash cow, but is it enough to keep the ax from coming down?
So here I am, it was a good run, Boston times were fun, very fun and I was not s-xist and discriminatory, but I guess I will need to pay the price for my forefathers. You really have to wonder what you get for being a good, clean and honest person at... — read more
For all of you who complain about Abby and her greed ... what do you think of the 20% bonus most associates will receive next week in addition to the 10% Profit Sharing we receive in January ? I don't that that is greed at all.
Huge chunk of roles in pi l&d got eliminated today. They have until the end of the year. — read more
What do you think about it? I’m referring mainly to local managers bringing in their kids, taking better jobs away.
I am 52 and was laid off as of September 1, 2017. I was told I was able to be rehired if I applied for another position. I recently applied for a position and was turned down. I did almost 11 years on the phone. I was told that an internal employee... — read more
Ran across this interview online and I found it to be a good read. The CEO and the chief of the Personal Investment Unit discuss the current situation at the company and the plans for the future. For those who are interested in this, the interview is... — read more
Hmm Abby, don’t have enough money or is something else up?
What do you expect to happen as it relates to 2018 layoffs that "MIGHT" happen?