Thread regarding Fidelity Investments layoffs

We need to improve tech

I am so tired of things breaking left and right, whether it be ATP or the whole system I am just tired of things not working or having to explain why something is not working to clients. For the love of all that is holy, HIRE SOME COMPETENT TECH DEVS AND SW ENGINEERS. Don’t just gofor the bottom tier people that you can pay the cheapest. We are one of the biggest financial services companies on the planet, surely we can actually start paying people the wages they would receive at FANG/compete with FANG for workers so we can have systems not fail.

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Post ID: @OP+1o8QQEjr

30 replies (most recent on top)

CIOs and the Tech Leadership were never SWEs. What else can we expect when we are lead by incompetent fools whose only qualification is a business degree.

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Post ID: @6evaz+1o8QQEjr

I have been in the tech industry for over 25 years and I totally agree with the comment that tech su-ks. Basic things like QA, testing, governance is overlooked or not even considered. I open issues constantly on things just put into prod that are already broken. Ridiculous. Fidelity is not a tech company.

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Post ID: @6eeho+1o8QQEjr

With 13+ CIO's and continue to layoff or remove people who want to drive change, its not going to get better any time soon.

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Post ID: @6dtic+1o8QQEjr

I don't agree with how the poster understands the problem or expresses it, but we've got to agree that a lot of our tech su-ks. I've had my Fid.com accounts show up with zero balances and the incorrect balances. I've had 503 and 404 errors just navigating between pages. When they put in facial recognition recently, I couldn't log in at all.

I get that systems can hit their limits when trading is at record levels, and I'm not calling that sort of thing out here. 404 errors? Really? We're that incompetent?

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Post ID: @64knx+1o8QQEjr

Nothing will change here. India is a huge mess run by non trust worthy and corrupt leadership. They just waste money on off-sites and travel to the states. HR is the biggest issue there and they keep pushing anyone out that will not lie for them. It’s as corrupt and toxic as ever in India….Just the way leadership wants it!!!

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Post ID: @Iqgm+1o8QQEjr

90% of white women in Sr mgmt tech positions are outclassed by 100% of the white men that report to them.

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Post ID: @szja+1o8QQEjr

Wow! The narratives moved fast here:
Racist colleague narrative.
AI generated comments narrative.
Now the misogynistic narrative.

Also pretending that the golf player and the Mr Kisser are not BFF.

Cuties.

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Post ID: @sdok+1o8QQEjr

The problem with Fidelity tech is stacked. The Indians at least know some code. The white women who get pushed into senior management are a total joke.

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Post ID: @rgxn+1o8QQEjr

As a native American, I find the term Indian, racist.

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Post ID: @ggcy+1o8QQEjr

@fins+1o8QQEjr If you read the comments here about "Indians" and don't see racism, perhaps you should do some self-reflecting. Employees/Contractors from India are not the issue, people failing to do their jobs are the issue. And that group of people includes white dudes, women, people from India, etc. etc.

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Post ID: @fagk+1o8QQEjr

And that’s not the only factor here. People need to be paid more in general.
Just don’t like seeing my colleagues being called racist repeatedly when they aren’t saying anything of the sort.

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Post ID: @fosj+1o8QQEjr

@eldk+1o8QQEjr you’re the one playing the race card.
Outsourcing to pay people much less and to pay people who primarily do. It speak English as a first (or second) language in another country on opposite time does make the work harder or or lesser quality much of the time, not just here. There’s really no question about it. You are assuming people here are white men, which not all of us are.

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Post ID: @fins+1o8QQEjr

systems went down again today, we need improvement ASAP.

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Post ID: @filu+1o8QQEjr

"That’s not racist." Please, read some of these comments and tell me these are not the comments of racists.

"Too many H1Bs."
" This is what happens when you hire nothing but diversity and Indians.
I can't get data I need from a dept that is filled with dozens of Indians. "

"a globalist's dream for more gold has turned into an american nightmare"

"I 1st noticed technical issues soon after the initial VBO had concluded"

All basically stating white men (so-called "Americans") are superior.

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Post ID: @eldk+1o8QQEjr

I 1st noticed technical issues soon after the initial VBO had concluded. Many of the industry standards have been watered down.

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Post ID: @ebap+1o8QQEjr

That’s not racist. Purposely hiring some people over others for the sake of diversity when other people may be more qualified is not right. That is likely where people are coming from. Just hiring people to virtue signal. I’m not saying this is what’s happening, but I understand those comments and that argument.

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Post ID: @eiwb+1o8QQEjr

I did not realize Fidelity had so many racists id--ts working within the company.
"Diversity at Fido is taking the company down."
For you ignorant fools that feel this is the case, you are incorrect. Incompetence knows no race, no religion, no gender, no nationality. Look around you will find incompetent people of ALL races, religions, genders and nationalities - even within Fidelity. Many of the white incompetents post here.

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Post ID: @dyqq+1o8QQEjr

Diversity at Fido is taking the company down. Good luck getting promoted at the upper ranks unless you check a diversity box. Pure bs. The company is on a downward spiral.

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Post ID: @ddcj+1o8QQEjr

you get what you pay for sums it all up. The good software developers/architects work elsewhere where the salaries are much higher.

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Post ID: @9tfv+1o8QQEjr

Re Cloud/Oracle etc - I doubt any 'Indian programmer' had any say in that decision. That decision lies squarely with top management and finance people who count short term cost savings ahead of long term tech debt. Race/Origin has nothing to do with it. For years we had a person who had never coded/programmed a computer leading the entire PI Tech org. Do you think anything good would have happened under that? In fact most of Tech leadership is complacent and out of touch. I am with you there.
Fidelity can always fire the low performers and hire better engineers. In the end, you get what you pay for.

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Post ID: @8wio+1o8QQEjr

If Fid fired the racists posting here they would improve tech 1000%

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Post ID: @8qsk+1o8QQEjr

you people need to get a life. who types such long replies on such a site? go walk outside or workout.

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Post ID: @7zas+1o8QQEjr

Yes, everything back in the day worked better than today. Most American managers at Fidelity just focus on getting promoted and don't have a clue about anything technical. True tech work has been pushed to India and they are not focused on real solutions that leverage anything because they are so far removed from the actual work. They only follow the instructions from project managers who are clueless. PM's know nothing about what they are managing. They only know how to ask questions when a JIRA work item turns red. Meanwhile, the only person who knows what's going on has work piled up to the ceiling and can't get ahead because he's too busy to play the self-promotion game.

The Cloud is a joke. When everything had an accessible Oracle backend, data mining and reporting was a snap. No one complained about not being able to get the data they needed. Fidelity's way of organizing data and technology is mostly the fault of scatter brained Indian programmers and tech management philosophy.

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Post ID: @6hig+1o8QQEjr

" everything was working before "
this is a common myth. It was not working - not everything, and not for everyone. The world has become more complicated. This complexity may be too much for you to handle. Everything fails, it always did. People learn and move on. Hearkening back to the 'good old days' is not useful. In fact much of the difficulty we face at work today is because much of the leadership is firmly stuck in technology and strategic mindset that's not compatible with the expectations of the society today. This conflict produces brittle products that are neither here nor there.

Lastly - why do you think people work at fidelity? we are a mediocre company filled with mediocre people getting paid mediocre salaries. Indians or not, white or not, this is who we are and we are trying to figure it out. If you can do better somewhere else, go there please.

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Post ID: @5cfp+1o8QQEjr

"This is what happens when you hire nothing but diversity and Indians."
bingo
everything was working before
what the heck happened
a globalist's dream for more gold has turned into an american nightmare
people wonder what happened to Rome, this is it - managed decline

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Post ID: @4rvz+1o8QQEjr

Does The Dude Who Knows, know that his demigod is the one who tried to rig the election and is going to jail? Keep your racist cr-p on the dark web.

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Post ID: @2php+1o8QQEjr

What a load of racist drivel

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Post ID: @2vpn+1o8QQEjr

This is what happens when you hire nothing but diversity and Indians.

I can't get data I need from a dept that is filled with dozens of Indians.

A diversity hire software engineer recently bragged that she didn't take math in college.

When the next VBO comes, white men who built the company are going to leave in droves. The next VBO will be taken by lots of people.

Last white man at Fidelity, please turn the lights off.

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Post ID: @1lda+1o8QQEjr

We need a layoff. Too many middle managers. Too many incompetent devs. Too many H1Bs. The venn diagram of these 3 groups is rather tight.

They hired a bunch of FAANG project managers but surprise, former FAANG PMs are only good at building little fiefdoms and hiring their friends and making their direct report count go up.

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Post ID: @keq+1o8QQEjr

As a former tech employee from about 10 years ago who voluntarily moved on and is still a customer, what a joke and embarrassment. The odds of this happening back then were near zero and much much more minor issues had consequences (people fired immediately). Today I’m sure people will get mental health support and told it’s not their fault. This is what happens when you bloat the org with middle managers who fight each other for credit when times are good and always point the finger down the line when there’s someone to blame. The only way they fix this is to clean house at the top but they won’t because it might mean that someone would have to admit they hired the wrong person. All the while boasting about how much tech hiring they did this year. Looks like a great investment.

Moving my multi-million $ account this week. I’m not waiting for them to fix this any longer. My advice, bring back a culture of accountability and accountability and weed out the soft, also rans the org is raft with.

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Post ID: @nvw+1o8QQEjr

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