With reports that notifications started being sent out today, some rumors suggest that the layoffs will be significant. This makes sense, given all the restructuring taking place. If you have any reliable information, please share.
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Fidelity Investments is one of the largest financial services firms in the WORLD, with TRILLIONS in assets under management, making it a major player in the industry.
That said.
Fidelity can't afford to supply a permanent desk for its employees.
Fidelity can't afford to hire and train competent management.
Fidelity can't admit when they've SC--WED UP.
SAD TO BE SO POWERFUL, YET SO ENTIRELY INCOMPENTENT.
We haven’t heard anything in the Westlake Tx office
Any customer facing roles?
Agree that layoff is necessary for those fat and dead weight. But can Fido make the right cut? That's the question.
As much as I hate to say it, layoffs were the only way to get control of the company again. This su-ks but it will be interesting to see how things play out
People are cashing out 401k's to keep afloat. Your fees are getting too high and AI will fix bad investment advice we get from your folks. When I signed up with a rollover, the nervous Nancy got canned and could not ask where my money went and some newby temp said there were unavoidable market losses. I will wait for AI to help fix my losses. Can't be worse!
the layoffs will continue until associates simply cannot take any more appreciation
Greedy Abby wants to save another 125m, expect 8-10% across the firm.
With folks running out of spaces in NC, Boston this was long time coming, non compliance to RTO mandate, Z-Scaler and now TrackIT being HUGE instigators behind the cut.
From what we heard, about a third in every division.
This includes recruiters, devs, individual contributors.
Unfortunately no chapter leads or GCL impacted, as always.
The impacted positions will be backfilled in Tx