Thread regarding Fidelity Investments layoffs

Inflation raises?

Supposedly fido is handing out “inflation” raises to those that ask. Is this true?

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Post ID: @OP+1gRSuJ6l

7 replies (most recent on top)

If they did, I highly doubt it would be to those who ask. It would be a cost of living adjustment or adjustment based on what others pay in the area. But it would be menial. IMO, switching companies would still get people way more money. It’s unfortunate that such a wealthy company will only pay decent salaries to management, with blanked out salaries on the higher grades, 40-50% bonuses even on grades below that, etc.

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Post ID: @Bvih+1gRSuJ6l

Don’t hold your breath, with the market getting hammered expect nothing. Maybe RIF’s this fall, but no cost of living adjustment!!!

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Post ID: @qbkp+1gRSuJ6l

They will NOT give you a raise. They will fire many older associates with great knowledge and pay grades. They will continue to fire this group until you start believing that you’re lucky to be taken advantage of by Fido.

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Post ID: @lsrv+1gRSuJ6l

Things where I work point to no. Multiple factors. But it would be nice. Albeit probably minor. Fidelity could really step up their pay game as it is.

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Post ID: @3nlb+1gRSuJ6l

Market leveling... right... I'll keep waiting.

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Post ID: @2hua+1gRSuJ6l

They are monitoring the situation, looking at a possible market leveling.

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Post ID: @2rvi+1gRSuJ6l

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