Thread regarding Fidelity Investments layoffs

Acceptance rate of the VBO

Is it true that very few people take VBO, even less than in 2017? Does anyone have more detailed insights?

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Post ID: @OP+1avUZCf1

10 replies (most recent on top)

2300+900=3200 (this is not a guess)

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Post ID: @Nthh+1avUZCf1

@itWasAGreatRun I'm a 9/30 person on the kudoboard and I know a few people who opted out of being on it. Due to the opt out I don't think we will ever get an exact number. I'd guess 100+ probably opted out but that is just a guess.

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Post ID: @Nzzo+1avUZCf1

FYI: I am on the VBO kudoboard so it includes everyone across all end dates (as I have a late VBO seperation date). The actual VBO number is higher than the count on the kudoboard as many VBO folks opted out and do not have an entry on the kudoboard. A few of my peers who took VBO opted out of the board.

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Post ID: @Msnv+1avUZCf1

They put out a list a couple of days ago with about 2,300 hundred people on it. BUT it does not include those who are leaving on 12/31 OR those who got the VBO as part of the Lookback benefit (those who were laid off in late 2020 or early 2021 who also got the VBO benefits).

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Post ID: @Mgvx+1avUZCf1

2000 unique opportunities to sc--w a whole new set of associates.

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Post ID: @9qec+1avUZCf1

I’ve heard it’s quite the opposite. That there are so many people taking it that they had to extend out the date, which makes sense. I’m taking it and everyone else in the department I work in got pushed out to 12/31/21.

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Post ID: @6mxb+1avUZCf1

Age + tenure... if the total of that is >= 70 yrs, you’re on the “list.” So if you’ve been working there since age 22 out of college for 28 yrs, + current age of 50..78:yrs. =VBO

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Post ID: @6feo+1avUZCf1

I've been in a few meetings where they say that's it too soon to tell the acceptance rate because people have the option to opt out up to June 3rd. I'm not hearing much thru "water cooler talk" people I've spoken with about it. So not really sure what to think at this point.still have weeks to go

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Post ID: @5ady+1avUZCf1

2000 unique opportunities to stretch career vitality.....

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Post ID: @4hks+1avUZCf1

The percentage of people taking it has to be lower than the first one because they are pulling in people possibly as young as 46.

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Post ID: @1fdc+1avUZCf1

Heard the acceptance rate is lower than anticipated. Not sure what the scrum masters were expecting. Isn’t that what they call them in Corporate?

Some folks offered the VBO are in their 40s. If they have a good gig going plus lots of overhead at home no way are they leaving.

I love my gig as a Branch Consultant but if you’re going to pay me for almost 2 years to do...nothing...I’m going to the beach! That and I’m 61...

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Post ID: @jdl+1avUZCf1

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