Thread regarding Fidelity Investments layoffs

March is coming

Any ideas on which departments may be affected by layoffs?

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Post ID: @OP+18BeLVAW

13 replies (most recent on top)

No VBO, just layoffs. Cheaper for the firm.

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Post ID: @15sna+18BeLVAW

Normally, I would tend to agree - the VBO rumors are just that. However - I work at Fidelity, and was told on Friday (by a friend who also works at Fidelity) that the topic had been brought up in a discussion (on a separate topic) with someone in HR. Does that mean anything? Who knows. This VBO rumor does, however, appear to have some legs. We shall see ...

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Post ID: @15pga+18BeLVAW

Why do people insist there's a VBO happening? It's not happening.

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Post ID: @15ocv+18BeLVAW

The purge is here! Eligible are white males over 40. Years of service, 1 yr.

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Post ID: @13zsn+18BeLVAW

i just heard that a VBO is happening. does anyone know the specifics? i.e is it age based or tenured based (age and years of service)– hoping for the latter.

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Post ID: @10ajd+18BeLVAW

I was told by the head of anti white male culture office that a purge is coming and will affect all white men over 45. Key ownership repulses over the thought of male whiteness.

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Post ID: @Xlhp+18BeLVAW

it's a good place for managers to find jobs for their kids. can't have those kids suffer at Burger King.

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Post ID: @Vtgt+18BeLVAW

Somebody mentioned white and male. That is what Fidelity was for decades. Most of those people depend on their minions to do actual work.

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Post ID: @6opx+18BeLVAW

The thousands more are to replace the older more expensive members of the workforce that will get riffed.

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Post ID: @5qml+18BeLVAW

If you’re a white male, you’re done.

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Post ID: @5zjk+18BeLVAW

Cue “Game of Thrones” theme song (that’s what i heard in my head when I read the post title.:p

  1. s. Make no mistake, Fido always does layoffs, er, I mean, “voluntary RIFs” (and then do involuntary layoffs if they don’t get enough volunteers.). If you are >45ish, keep your eyes open.
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Post ID: @4zva+18BeLVAW

To hire more, they will absolutely lay off to make room. They do every year. No idea which departments tho.

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Post ID: @2qhn+18BeLVAW

None - Fidelity is hiring thousands more.

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Post ID: @1uan+18BeLVAW

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