Thread regarding Fidelity Investments layoffs

5 Day RTO is Happening

Wanted to chime in on prior posts commenting on 5 day RTO. It will not be an immediate step from 50% to 5 days in the office. Next announcement from National will be 60% in office(3 days a week). The company called Regus is playing a role for branch sites that have limited office space. They are renting these goofy shared Regus offices and demanding branches with too many heads send their support staff to the Regus locations while consultants stay at the client facing locations.

This is not a matter of if or when, it’s already happening in California branches. Under performers are being cut end of Quarter 2, PIPs already being sent out start of Quarter 1. If you are unhappy with these changes, I’m sorry, there is nothing you can do to stop corporate. I will be jumping ship soon to a competitor. Best of luck to all of you.

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Post ID: @OP+1jhp71jkw

9 replies (most recent on top)

Schwab is planning RTO5. They said no more layoffs, then had quarterly layoffs since. And they are rejecting more exceptions including medical WFH.

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Post ID: @18t+1jhp71jkw

It seems to be the norm to hear about people yelling at their managers. I think we need to go back to the office to fix the problems. Company culture is at an all time low. Management caused the shift in culture but it seems too late to fix it.

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Post ID: @16p+1jhp71jkw

have you been living under a rock? We are already doing 5 days every other week and managers (and you) can track via Workday

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Post ID: @hr+1jhp71jkw

In response to the comment about manager tracking - It's been known for quite some time that managers have dashboards to track time in office. This is not a secret. You can see your own time in office.

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Post ID: @hk+1jhp71jkw

@op how do you know this??

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Post ID: @eh+1jhp71jkw

Nope Schwab staying hybrid

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Post ID: @dj+1jhp71jkw

You do know our competitors are doing the same thing.

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Post ID: @d8+1jhp71jkw

Writing is on the wall. Apparently managers now have dashboards to track their team's days in office.

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Post ID: @cz+1jhp71jkw

Yeah saw a few PIPs these year already.

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Post ID: @a1+1jhp71jkw

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