Yes
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Probably at the end of the quarter
Layoffs have come and gone in the past for decades, and will continue in the future. The real question to ask, are you valuable enough to withstand a lay off? Meaning how essential are you or is your role? What makes you stand out vs everyone else on your team/department? Everyone is expendable/replaceable. Customer facing reps/advisors tend to fair out better. Middle managers, coaches, support people etc. could be consolidated. We’ve seen this in the past. Could see it again. In layoffs, they usually start with poor performers. But no one is immune.
They’ll probably thin out management
With government pressure and industry trends, Fidelity will probably get rid of their DEI program so maybe the people who work in those roles.
I was laid off due to AI once, came back and now there are so many bots that people don’t notice that it’s replacing them. AI could eliminate the need for low preforming reps. It seems likely there could be a layoff, Abby will not get rid of 30% of the help though.
AI is going to eliminate 30% of the company workforce.
Good. Start with Abby and work down.
AI is going to eliminate 30% of the company workforce.
I wish they would just announce it if they are. If there’s a mass layoff, it will be at the end or just after tax season probably.
There has to be a cleanup this year. There is so much fat and dead wood in the system!
The company culture has done a 180. Management and HR lost control of employees to the point where people don’t always feel safe going into the office. Idk but a layoff would solve a lot of the firm’s internal problems
Management has so many inexperienced and not really efficient people that HR shouldn’t even involve the employee’s manager during a hypothetical layoff.
There are roles that could be made redundant, but it doesn’t seem like the big wigs even have a plan for anything.
Worry is wasted energy
There weren't enough quits after they announced RTO 50%. So they will do 60% soon, and still not enough then will cut.
They won't do more than 60% because then the good talent will leave.
There are a lot of people in my department that have been at the 30-40% of the departments goals or metrics for over a year. Underproduction like this costs the company money. If a few in my group were laid off, everyone else would go back to their normal productivity and could easily cover the work the under performers do
I’m pretty sure there are layoffs most years march-April. They just are kept quiet.
no, you should celebrate the possibility of being paid to leave this company
Most layoffs are on the first Tuesday of the month.
Do you receive unnvested shares and 401k if let go?
As in next month?