Thread regarding Fidelity Investments layoffs

Ask yourself what the real outcome is that the company wants to achieve, figure out another way to show that, need for time tracking will dissolve. This didn't happen over night. People weren't answering what was going on, what work being done, what outcomes achieved. Blame your manager for not showing outcomes and focusing on output for this change. Sad.

Remember the days where I worked on a team that managed PPMC hours. Would get emails like “add 400 hours to this person’s project timesheet, since they haven’t done it for 5 weeks.”

This will be a dumpster fire. Managers already telling folks that “it doesn’t need to add up to 40 hours.” LOLOLOL. People have and always will skew metrics. Suddenly people will be honest about the time/items they’re working on. Expect to be scrutinized on every line item you post.

One tidbit for newbies; any conversation you have with your manager. ALWAYS write a summation, and email it to them later. Sounds annoying and it is, but it has saved my @$$ a few times. Especially when you have incompetent leadership. Good managers who care about your career and development at Fidelity are as rare as finding a four leaf clover on a turf field

I think this is a great idea I really love the idea that my manager can hold me accountable 😤

I heard there was a new line item on TrackIt for how many nights a week you wear Fidelity Pajamas to bed. Heard it has to be a minimum of 2 days a week or face disciplinary action.

I come here on a weekly basis after I learned of this website since I was laid off in March 2024. Not everyone who was laid off last year was an underperformer, but I definitely wasn’t performing well. Looking back at it, I’m grateful I got laid off last year, and found a new job that I’m doing a lot better in, without all the fidelity cr-p. I wouldn’t have survived this new stuff they’re implementing. It’s really sad to see this happening.

Whoever got laid off and is reading this, I hope you’re doing great now.

this is truly going to be a cluster f

"Tract It" or "Cut It"? I'd rather cut the fat and dead weight so we don't have to tract it. But then we first need to track it to cut it. It's the middle management who're wondering now how to track their non-existent working time.

Tract It up to 40. Don't allow true or fake grinders enter more than 40 hours an week. That might be one way to disincentivize time inflation.

DOGE theory in practice at Fidelity.

don’t tie this to the current administration. time tracking has been done before at Fido. i’m sure the big boss ordered it.

It's all about capacity planning. I've done some of that, and the brain dead managers can't figure out anything unless they have data. These are people who have no idea how to make intelligent inferences or substitutions. They are REALLY d-mb.

You have people, probably "data scientist" Indians who are clueless about how anything works. I expect the output to be garbage, but they'll act like it's filled with magical insights.

This will cause more problems and you'll be wise to fudge it to the max. Always try to present yourself on whatever "Fidelity Forward" BS is the flavor of the day make yourself look like you are always on the contributing side of things.

The Indians will insert maximum fake data to make themselves look like gods.

I hate all this.

TrackIT is nothing but a nightmare for every employee.
And chance for managers / brainless chapter leads to boot great performers out by setting up unrealistic goals and expectations.

And come march 17, they'll he like "your work was not good enough, you spent too much time for something that should be done sooner"

And then those roles will be backfilled in TX by cheap contractors.

The managers and chapter leaders have no clue what their teammates are doing or if their teammates are busy enough or have enough work

I have firsthand noticed people in this company and even in my own team just focus on "bare minimum", whatever the definition of that might be.

But one thing is for certain, no one is busy for entire 8 hours of the day in this firm.

So if you think the work you did took 2 hours to complete, chances are the leaders who are implementing trackit might feel it should have taken 10 mins to complete (which is true in a lot of instance).

So careful what you enter and more importantly HOW you enter.

Fidelity is going to implement exactly what's happening in our government.
Clueless leadership implementing bullsh-t impediments, making life miserable for the employees.

Irony will die a tragic death if folks who voted for this administration gets a boot.
But unfortunately evil doesn't discriminate between innocent and guilty.
So don't be surprised if you're a hard-working person but still find yourself thrown under the bus

Fidelity has some of the most toxic employees. Before Fidelity, my employer had me tracking my time in a tool just like this and then several years down the line my lead wanted us to start writing out in email what we dead each week. This was years ago. Wanting to have a picture into the overall time spend of employees seems to be like barely micromanaging. They could just as easily implement a system to capture your screen at certain intervals on remote days, put cameras to capture every angle of you as you move through the office and ask you to send status reports of what you do each week. It’s not nearly as bad as it could be here but Fidelity employees literally melt because they’re told to do anything that goes against what they want. I’m surprised there aren’t more people trying to unionize if things are truly so bad

Here I was thinking the punchcard days are over. Over my 20 years career I’ve never felt more humiliated and micromanaged. The culture is becoming more and more toxic and the environment increasingly hostile for associates. Tough times ahead

We give management too much credit.

They are going to launch a TrackIT_2 tool to track how much time is spent using TrackIT

no, fidelity leadership does not actually think.