Thread regarding Fidelity Investments layoffs

March Layoffs

In the office this week but haven’t heard anything yet in SMT. What groups were impacted so far? Do folks feel that more layoff notices will go out throughout March?

As if the work environment couldn’t get any worse…

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Post ID: @OP+1jngpmkjm

12 replies (most recent on top)

I was laid off and didn’t have to sign an nda

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Post ID: @1fd+1jngpmkjm

is the severance still 2 weeks pay per year of employment?

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Post ID: @15c+1jngpmkjm

Fido makes everyone sign the NDA so they keep their severance, including me who was impacted last week.

The moment I share my BU, I'll lose my severance benefits.

I'll be around for next one month for "smooth transition".

You'll hear or are likely to hear more during "Quarterly calls" this week or end of this month.

Expect the bo-b dropped with much bigger impact in April.

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Post ID: @14y+1jngpmkjm

Yeah I’m calling bs unless someone actually shares some level of detail. Everything else is just trolling since it was this time last year.

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Post ID: @fd+1jngpmkjm

These are just rumors until folks start sharing actual BUs. No one ever says where in the company these layoffs happened

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Post ID: @fb+1jngpmkjm

It's HAPPENED and will be HAPPENING through end of April.

Since last week, approx 55 employees were effectively let go.

Each week the target is to reduce the headcount by 100s

Much bigger RIF will happen in April.

If YOUR MANAGER OR LEADER OR WHATEVER IS SAYING OTHERWISE, THEY ARE LYING.

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Post ID: @et+1jngpmkjm

What BU?

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Post ID: @b3+1jngpmkjm

What group got hit?

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Post ID: @ar+1jngpmkjm

Boomers in here thinking the kids ruin everything and somehow even the layoffs are their fault! When will boomers see that capitalism is the one to blame?

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Post ID: @am+1jngpmkjm

There are no layoffs.

Kiddos think it’s funny to lie and are malevolent dishonest people.

It’s this kind of behavior that makes it hard for the company to do a VBO. Who’d leave these spoiled brats in charge of anything?????

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Post ID: @ak+1jngpmkjm

sorry that the layoff is true : (

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Post ID: @aj+1jngpmkjm

got hit today

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Post ID: @ag+1jngpmkjm

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