Thread regarding Fidelity Investments layoffs

Fidelity will waste your time working here

I worked for this company for greater than 12 years.every year it was a song and dance to get a raise.they would cry poverty at year end.once they hired a motivational speaker from Indiana and gave her 10 thousand dollars for a speech, while they gave no raises that year. If you are a friend or family member you will be promotted.if you are a hard worker and get results, you will slave away years for this written company.

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Post ID: @OP+1gHnGKWr

11 replies (most recent on top)

@tagi+1gHnGKWr

It got way harder to get off of the phones when jobs were sent to India. Many groups sent jobs to India that were typically first off the phones jobs. I feel bad for good people on the phones that want to get off of them because it is way harder to do since early in the 2000's.

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Post ID: @yfwd+1gHnGKWr

I spent over a decade at Fidelity in multiple roles. Almost no one in my new hire class (brokerage phones) was still there after year 5. Nepotism, over compensating by hiring on a gender or diversity basis, and business unit stigma was running rampant when I finally left. I've been present around a director stating "I will never hire someone from the phones!". Even with the buyouts, there were plenty of Boomers And Gen X'rs that would only hire external, even untrained individuals, than hire within the company. If you got through, you were one of the lucky ones. Mental health issues has taken it's toll on a lot of the workers, but hey, look at all the benefits!

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Post ID: @tagi+1gHnGKWr

Right, I’m always told my bonus was cut after my boss had a number. The pay charts, now simplified, are really telling of the time that could be wasted. Look at even the third from the top bonus level, and blanked out levels above it. Only higher-ups get decent pay - management and up. The actual worker ants will struggle.

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Post ID: @dnvu+1gHnGKWr

@5djv+1gHnGKWr

Your statement below is very true. As a former manager I was forced to make adjustments to merit and bonus cycles by my Director, it frustrated the heck out of me and was one of the many reasons I got out of management.

"Hard workers are inconsistently rewarded at best. You're a rare manager at Fidelity if you're truly rewarding your best workers and not your best friends or the people upper management wants to "showcase". Your mileage will vary based on your manager."

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Post ID: @5oau+1gHnGKWr

Hard workers are inconsistently rewarded at best. You're a rare manager at Fidelity if you're truly rewarding your best workers and not your best friends or the people upper management wants to "showcase". Your mileage will vary based on your manager.

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Post ID: @5djv+1gHnGKWr

I’m a manager. Hard workers are rare and believe me, they get rewarded.

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Post ID: @5hbb+1gHnGKWr

D&I Office has entered the chat... lol. Why don't you profile more stories about all the great minority workers who've "earned" promotions /s... it's fu----g hilarious.

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Post ID: @3xen+1gHnGKWr

Haven't seen too many "mediocre minorities" in management. The rare minorities I've seen in management combine good work ethic and high skill.

The mediocre managers I have seen, though, are whites from flyover states who think their pale skin entitles them the sky.

If you hate Fidelity so much, leave. But you won't. Because you know no one wants you and you don't have the skills to compete.

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Post ID: @3pcq+1gHnGKWr

Friend or family thing is so true. The pay also is not good.

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Post ID: @2rag+1gHnGKWr

Fidelity is a horrible company to work.they treat mediocre minorities like gold and make them managers.
If you are a hard working white Male
With no connections or family members , you will go no where.
Your just a number and brick in the wall.

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Post ID: @1xxz+1gHnGKWr

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