Thread regarding Fidelity Investments layoffs

Big layoffs in 2020

I heard there will be big layoffs in 2020.

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Post ID: @121nKP1R

9 replies (most recent on top)

I can't afford to lose my job! I will make sure it is not me but some one else within the company.

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Post ID: @121nKP1R-grld

Scoops...thanks captain obvious.

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Post ID: @121nKP1R-emmb

It’s going to be so bad in 2020 that fidelity is laying off the site petting dogs. But the petting dogs will be replaced by increasing the number of sugary snacks and pudding wheeled around by managers.

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Post ID: @121nKP1R-4rax

The ageism is rampant and still happens. That place is like “Logan’s Run.” All about Millennials- -catering to and hiring them and younger on the cheap.

Average age of group laid off last year was 50. This kind of targeting is poorly veiled as “restructuring”....does this sound familiar? “We are eliminating your jobs, but we are creating new ones for which you can apply!” (but are in no way guaranteed an interview). Many didn’t get interviews. The more “senior” level new jobs were filled not with the most qualified, but with predominantly Millennials. Kept a couple of the older more expensive folks, but the rest were cut.
Rinse. Repeat. It’s what they do.

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Post ID: @121nKP1R-2ytz

That’s illegal, scoops. Stop fear mongering.

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Post ID: @121nKP1R-1fqn

Hearing that the layoffs will target older, more tenured employees with above average incomes.

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Post ID: @121nKP1R-1bdy

Breaking news: water is wet.
Next.

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Post ID: @121nKP1R-1wsu

You’re just copying and pasting stored from the last 5 years and changing the dates. Lol.

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Post ID: @121nKP1R-tcx

Whats new! There are big layoffs every year....

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Post ID: @121nKP1R-ibe

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