Thread regarding Fidelity Investments layoffs

I took the VBO

I accepted the VBO offer. I am excited and a little scared at the same time. Overall, I feel like a big weight has been lifted off my shoulders. I’m sleeping better than I’ve had been in years. I’ve spent half my life at Fidelity and excited to move on to do something I enjoy, instead of what I have to do. Not sure what that looks like yet, but I wasn’t willing to take the risk with a target on my back, and seeing what has happened to others in the past. I won’t always have to be looking over my shoulder. This way I can leave voluntarily, (somewhat) on my terms with a great buy out, and not be susceptible to an involuntary separation without as much compensation and benefits. Fidelity has been great to me in my 20+ years, has treated me well and has given me many opportunities to excel and advance in many different roles throughout my career. Not an easy decision, and I wish the very best for everyone else with a decision to make before the months end.

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Post ID: @OP+19XuFULR

10 replies (most recent on top)

I like to be the one in control of the decision and having an end date that I know about is so liberating. For years many of us have lived in fear that we could be gone. I am so proud to say I've worked there 25 years and I'm on to something new on my own terms. Its been great to work for the company and I would never discourage anyone from working there.

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Post ID: @6eet+19XuFULR

I get the impression most of the comments are from the PI side or system groups? On the client facing WI side where they need experience, I feel like it's much more of a personal decision, have you saved enough, are you ready to move on.

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Post ID: @4noq+19XuFULR

Take the offer. They’ll lay you off if you don’t. You won’t get a better deal.

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Post ID: @4bxu+19XuFULR

I am a Fidelity lifer who is taking the VBO. I hold no ill will towards the company, in fact feel a sense of relief. I will no longer have to hear the word vitality constantly. I'm at peace.

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Post ID: @4suu+19XuFULR

Congratulations on your decision! I'm taking it too! After the rollercoaster ride of emotions, talking to advisors and coaches, I'm finally at a stable, very excited state. One thing I've noticed though - the calendar seems like it's gotten soooooo long - feels like June is 27 months away!

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Post ID: @4cpp+19XuFULR

"IMHO - Jira Align and this thing are tied. Things are about to be shaken up."

I would like to know more about your thoughts on how Jira Align ties into any of this? Are you thinking from a time tracking or alignment to a squad?

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Post ID: @2kqr+19XuFULR

Good Luck out there and don't look back.

IMHO - Jira Align and this thing are tied. Things are about to be shaken up.

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Post ID: @2hlm+19XuFULR

Congratulations! Pretty much everyone I know who was eligible decided not to take it. That makes your decision even sweeter. It's going to get ugly here. I wish you and your family the very best of luck and happy years ahead. Thank you for sharing.

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Post ID: @2ebs+19XuFULR

Congratulations. As one who took the last package, when I looked for my next gig and said I took a great buyout package from Fidelity, people were fine with it. If you get laid off, besides the smaller package, there will be a lingering question as to whether you were the issue. Enjoy the summer - you earned it.

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Post ID: @ago+19XuFULR

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