Thread regarding Fidelity Investments layoffs

RIFs in SLC Today

Shoot

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Post ID: @OP+13hASci2

9 replies (most recent on top)

Where are you getting these lay-off numbers?

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Post ID: @Aufh+13hASci2

Everyone in our group was age 40 and over. Total ageism. This is not the fidelity of years ago.

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Post ID: @zysp+13hASci2

Hundreds are getting laid off within the past week and still happening. Not only 50 and over either. PI/FI/WI very sad

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Post ID: @ybqf+13hASci2

Also, the vast majority of employees do not get shares. Typically a couple from a team and manager's on up.

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Post ID: @dqif+13hASci2

Shares moving up doesn’t require staying at Fidelity. Apparently some people are unaware that many managers and associates have been RIFed, shares or not.

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Post ID: @dkno+13hASci2

I stayed and with shares rocketing upward couldn’t be happier.

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Post ID: @4wfp+13hASci2

I left the company almost 2 years ago and couldn't be happier. I could be wrong but the no fee environment and other firms buying each other up look to spell disaster. Get out people!

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Post ID: @4bdn+13hASci2

“Shocking...absolutely shocking!”

  • Said no one. Ever.
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Post ID: @1acu+13hASci2

Company wide meeting next week with agenda to be sent out day before meeting.
Moral is low.
Fidelity choking/drowning on migrating to Cloud and Agile.
Ageism is rampant.
Headhunters raiding talent.
Fidelity no- fee trading showing its tolls on company.
Run and don’t look back!

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Post ID: @cto+13hASci2

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