Thread regarding Fidelity Investments layoffs

VBO Exit Date

For those taking the VBO the next step is to get your VBO agreement on 4/12, which I'm told will include your exit date. My understanding it that most people will leave on 6/30 but it can be pushed to 9/30 or 12/31 based on business need. Does anyone have any insight into how easy or difficult it is for management to have your date extended?

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Post ID: @OP+1acEVLRb

10 replies (most recent on top)

If you were laid off, presumably you already got some sort of package. That being said, the idea of a look-back for voluntary departures seems counterintuitive.

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Post ID: @qzau+1acEVLRb

Umm, sorry, but it does make sense that a VOLUNTARY buyout would apply to those that left VOLUNTARILY and not those who were laid off or fired.

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Post ID: @oedv+1acEVLRb

interesting. seems like it should be the other way around. that if you had left voluntarily you would not get the VBO, and if you were laid off after 20+ years of service that you would.

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Post ID: @cxwk+1acEVLRb

It's my understanding that the VBO was extended to anyone who left voluntarily between the dates of 10/22/20 to 3/8/2021. I interpret that to be if you were laid off you would not qualify for the retro dates listed, only if you left voluntarily.

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Post ID: @bceg+1acEVLRb

Chuck - there is a look-back on this. if you qualify based on age/service you should contact HR.

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Post ID: @bmmo+1acEVLRb

Got my date 9/30. All good, just gives me more time to plan everything out. I'll be able to chill out and enjoy the holidays for the first time in many many years!

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Post ID: @akqm+1acEVLRb

Are you kidding me? This pi—s me off... I was laid off at the end of 2020. I would have taken the VBO.

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Post ID: @9zfk+1acEVLRb

I don't know about everyone else but I don't think this is going to fee "real" until I get the final agreement and the release date on Monday. I told my manager I'm taking it and will not back out and she is hardly reacting at all. So, it really doe not feel like anything is going to happen at this point.

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Post ID: @4oth+1acEVLRb

Extremely limited to move a date out. It has to be escalated to very top management for approval and scrutiny and warrant a business critical need. Abby wants extensions at a minimum.

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Post ID: @kvw+1acEVLRb

I don't know if it's not business need specific if the date can be moved from 6/30. I've heard majority will be 6/30.

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Post ID: @zkz+1acEVLRb

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