Thread regarding Fidelity Investments layoffs

Contract renewals are all over the place. Some folks got a year, some till the end of this year, some haven't heard at all. There doesn't seem to be any rhyme or reason to it.

Of course contracts end, but the lack of transparency is super frustrating and feels so disrespectful.

It’s happening and rumor has it that it’s going to land on the Indians and contract workers really hard.

Since coming back into the office, it’s clear I’m just a number. I felt like part of a team, in the good ole days.

The while company seems to be pushing this even more than usual. Pair totally inexperienced people with brilliant people and watch the teams burn. Then brilliant people move on. They want less experts, less pay, more incompetence.

@ba I agree with the 'contractor' role sentiment. Heck some contractors want to end their contract so that they have some free time. I'd love a contract for 6 months that gave me a year or 2 gap in between.

I don’t feel sorry for contractors. They earn far too much! Sorry but i am not sorry

@bd what pay grade level are these people you’re trying to hand off the code?

My condolences for your loss in employment.

I am a contractor, I was told my last day will be September 8th last week.

And for real, I'm asked to give KT to some new team members who don't even know how inheritance work or how API authentication works.

This firm is doomed

Traditionally, and not just at Fidelity, contractors are released before regular employees. Part of hiring contractors is the flexibility to cancel or not renew contracts. It is part of the risk of being a contractor.