Thread regarding Fidelity Investments layoffs

Will they offer VBO before the economy tanks?

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Post ID: @OP+1hg0JONL

9 replies (most recent on top)

20-30 % blip is being optimistic. It's going to get much worse.

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Post ID: @6egc+1hg0JONL

IF there are VBO people who wish they had stayed they did not have a good plan in place.

I have had an offer from Fidelity to come back and I told them NO! I do have a part-time job (less than 20 hrs a week and ZERO stress, easy job) but that was part of my plan to stay active and be around people. I have a solid financial plan and a 20-30% blip in the market will not make me even think about going back to the stress pot.

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Post ID: @6xyt+1hg0JONL

"I heard from multiple VBOers they wished they stayed, now they are looking for a job since the economy and 401k tanked."
Really? I took the VBO, know many others who took the VBO and I don't know a single person that wishes they stayed or is currently looking for a job.

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Post ID: @6kgi+1hg0JONL

REPLY TO: @5xlc+1hg0JONL

I am certain you have heard from ZERO VBO folks who stayed in the market for the duration.

VBO folks have been in the market way too long to have the recent drop matter one iota. Please look at a 20 year DJIA graph for context

we are all good thanks to FIDO!!!

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Post ID: @5gss+1hg0JONL

I heard from multiple VBOers they wished they stayed, now they are looking for a job since the economy and 401k tanked.

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Post ID: @5xlc+1hg0JONL

Will they offer VBO before the economy tanks?

LOL the economy and stock market have already tanked. The next release of employees will be a RIF not an extended paid vacation to retirement. If you are asking this question because you were offered the VBO and did not take it you should have taken it.

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Post ID: @4yii+1hg0JONL

if you are eligible to ask this question, you will get time off...just not the way you want it.

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Post ID: @4mfw+1hg0JONL

I don't think they will offer another one until most of the people who took the last one are off of it. Keep in mind that the last group left on 12/31 and before that 9/30. Majority of people left on 6/30 and they are still on VBO pay. Most of the people on it get 14-15 months of pay. Plus with the market down it will be cheaper option for them to just RIF people than do another VBO.

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Post ID: @1mhy+1hg0JONL

Why would they- tenured people are running out the doors. They pay significantly under market, and just had a VBO last year . . . Hiring managers can’t even get candidates in the doors.

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Post ID: @ven+1hg0JONL

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