Thread regarding Fidelity Investments layoffs

No, the culture here is not great

Fido keeps telling us all how great this place is, how lucky we are to be working here, and how we have this amazing culture that makes us a family when in truth, this is one of the most toxic cultures I've ever faced at work. No amount of your indoctrination is going to change that. When your top performers are treated like cr-p and lazy do-nothings get preferential treatment because their noses are always brown, you have a problem, not a good culture.

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Post ID: @OP+1gv2Gud6

9 replies (most recent on top)

Toxic in many places including FBT. The leadership of RD and MZ is garbage (and they are a bunch of sexist and racist clowns too). Many smart people have left and the only people left will be scrummasters and agile folks who cant do jack. IBM will still be in the business of selling mainframes to these clowns because of inept leadership. Itis better to be friends with these cronies than to actually do any good work.

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Post ID: @gehp+1gv2Gud6

I was promoted to VP and ended up having to work with the meanest, most sexist, territorial, uncollaborative business partners in my career. All I wanted to do was do good work, build relationships and use my skills. My boss knew, his boss knew, and all of HR leaders in my function knew how hostile it was. No one did a thing. I had the documentation to sue for hostile work environment and had to choose to go scorched earth and call a lawyer or gracefully leave. I got a job somewhere else, resigned gracefully, and am in a positive collaborative environment and happy. Giving up my performance shares and not fighting them was worth every penny. Leaving was best decision for my integrity and health.

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Post ID: @clkb+1gv2Gud6

That is exactly why I left Fido a few years ago. Managers valued and rewarded those that kissed the ground they walked on as opposed to those that made actual, meaningful and valuable contributions.

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Post ID: @blbx+1gv2Gud6

I'm tired of carrying the load left behind by all the people who have left the company recently. That, compounded with the fact everything is a priority and newbies are making more total comp? I'm not sacrificing my health to make the CIOs and Abby happy. This place is going straight into the gutter. Hire more SVPs so they can provide commentary on the work of the few actually getting sheet done. /s

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Post ID: @3son+1gv2Gud6

My impression is the actual high performers are getting promoted as expected - especially if they have minimum EQ - while most of the complaining is done by people who think being here X number of years entitles them to a promotion and if they don't get it it's because the company is bad, or diversity, or XYZ ego-defense reason.

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Post ID: @1mng+1gv2Gud6

The high performers who've been around for 5-10 years, or less, and their comp is no longer competitive compared to new hires are leaving in droves, and will be for remainder of the year because Fido just doesn't care to try and make it right. HR and leadership are clueless. Keep ignoring comps for your existing high performers and try not to be surprised when the turn in their notice. And don't try that BS of trying to negotiate once notice is given. If you have $$ to share once notice is given, why not have the foresight to do it proactively. Mo--ns. I can tell you I've had enough and given the comps in open market and calls from recruiters, I expect to be gone after enjoying some well deserved vacation this summer.

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Post ID: @tch+1gv2Gud6

At the very least, set you LinkedIn to ‘interested in opportunities’. Recruiters will check in and you can see what’s out there. For the sake of your sanity do that. Either you are worth more elsewhere. Or not, in which case settle down and make the best of what you have.

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Post ID: @hsw+1gv2Gud6

What @znr said. If you're among the top performers, you'll have no problems finding a new job. Do it for the sake of your sanity.

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Post ID: @kdp+1gv2Gud6

Let me guess….you must be an FC,VPFC with 5+ years of experience in sales roles. You’re a good rep and now the leads are going to all their new hires they are propping up. Your manager and RPC have a combined sales rep experience less then yours and you just realized they can’t help you anymore. In fact they just hinder your progress. Hopefully you made the investment to get your CFP. If you did, time to go my friend. Take advantage of a scorching hot job market while while you can.

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Post ID: @znr+1gv2Gud6

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