Thread regarding Fidelity Investments layoffs

Layoffs after VBO

Usually there's a round of involuntary layoffs after a VBO round, any ideas if that will be the case again?

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Post ID: @OP+1asiulYE

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If they do not get the number of people out that they are looking for surely there will be a RIF. It will probably not happen until after 6/30, when most will leave. They cannot begin to even plan for it until after 6/3, which is the last day (for most people) to pull out of the VBO. It takes several months to get a RIF through HR. If there is a RIF, they will get people who did not take the VBO and underperforming younger people.

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Post ID: @5vcq+1asiulYE

i think the acceptance rate is higher than expected, heard close to 40% , well above 30% HR run rate goal.

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Post ID: @2xtw+1asiulYE

There are rumors that the acceptance rate of the VBO is well below the expectations and like in 2017, it seems a layoff might be forthcoming

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Post ID: @drv+1asiulYE

And if so, when can we expect it to take place?

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Post ID: @lbo+1asiulYE

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