Thread regarding Fidelity Investments layoffs

I feel like a useless senior employee

I have been loyal to this company for years and got very little in return. What particularly bothers me is that lately I feel totally useless, and I believe that similar feeling is shared by all those who are 40 or older?
It is exactly what someone said that young people who have just come from college are promoted over senior employees. It makes me happy and I am always looking forward to the success of young people, but senior employees are really humiliated here.

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Post ID: @OP+1a2AyiQ5

8 replies (most recent on top)

Don't worry. Her new directs also think she's clueless. But hey, she did win some "CIO of the year" award in Dallas, so she's got that going for her. O_o (Lol)

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Post ID: @toqj+1a2AyiQ5

Speaking of L2s, when is Roger firing TG? Heard she's on the outs with most of her peers and the LT. They want her gone.

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Post ID: @sfsy+1a2AyiQ5

As a relative new hire, within the past 10 years (rookie by Fido standards), it seems harder to get things done given the struggle between BUs and the center. The tight integration being sought across tools and process requires leadership support to move forward, not just the fido nod. Big company status quo.

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Post ID: @scpw+1a2AyiQ5

Wow - I don’t feel useless at all. There is not a person on my team who couldn’t show creativity or initiative and shine if they wanted and most do regardless of age or tenure. Not sure what groups you are in but for most roles if you are feeling useless you let it happen and should take the VBO.

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Post ID: @5zoq+1a2AyiQ5

Sadly I feel the same way, but I think about all the great contributions and amazing projects I have been involved with over my 24 year career at Fidelity. It's been a great run and now it's time to go. Be happy we worked for an amazing company the set us up for retirement. I know how you feel but I'm thinking about how exciting it will be to enjoy retirement after all the hard work and stress over the years. Take the VBO and be happy!

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Post ID: @2eqz+1a2AyiQ5

Excited to take it. Company has been great to me but they want change ie Abby and with the focus in D&I which we all know is a check the box activity from most leadership it’s a great time to exit.

Thank you Fidelity....let’s see the next generation execute the way the 20+ Year employees have

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Post ID: @2hea+1a2AyiQ5

Yup, for the past year I have felt like an outsider in a company I had grown up in. Happily taking the BO.

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Post ID: @1gng+1a2AyiQ5

To be honest, I think this is a result of poor leadership (BU leaders and one level below). This feeling of being useless is not limited to older employees - it's everywhere. It's just that old employees have been beaten down to a pulp by now. There is no strategy or vision. I see no empathy from the 'leaders' or any thoughtful reasoning behind doing something different - it's the same old political bickering at the top, fighting for 'budget' and some half-hearted, check-the-box projects to show we are 'winning'. Everyone feels what you feel. I put in a lot to keep my teams motivated and things moving. And at the end of the day I am spent, with not much to show for. Only to wake and repeat all over again the next day. Every day.

L1/L2 below Abby - that's where things need to be really shaken up. It's never happening.

So ... all I can say is - hang in there. There are people in this world in way worse conditions than us.

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Post ID: @1vwl+1a2AyiQ5

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