Thread regarding Fidelity Investments layoffs

I must be in the minority then. I don’t think flattening the org will fix the culture. It’s already pretty flat. I actually think that’s a huge part of the reason the culture is so bad.

Topics emerged from posts here can actually be turned into an action plan, to cut the middle managements:

1. Keep frontline chapter and squad leaders intact, for now.
2. The Cut phase: GCLs, GSLs, Product areas heads... All middle managements lost their current title and need to reapply for jobs.
3. The reapply phase 1: Open only necessary number of middle management positions for everyone to apply. Frontline chapter and squad leader or ICs may get the new middle management job.
4. The reapply phase 2: Those who didn't find a job apply for the unfilled or newly vacated positions.
5. The showing the door phase. Those still can't find a job are laid off.

or to be specific: middle managements.

• L0, L1, L2 constitute only a tiny group, whoever in those positions don't matter much, as long as they're not mo--ns like X, Y and Z.
• Frontline L7/L8 managers/leaders can be evaluated by artifacts/impacts.
• It's what's in between that's the bulk of the fat and deadwood and can only be measured by impacts. (how can you ask for git commits from a SVP? But then impacts attribution to this SVP is an art rather than science)

So, it's easier just cut the middle management, flatten the org. Coupled with the nurturing of bottom up culture to encourage innovation and motivations. The org should heal itself. So it sounds cliche but, correct the culture, cut the middle management!

"From what it seems like on here, good managers are few and far between the firm.".............people with good managers will unlikely come here and complain. if you are looking for positive comment from "thelayoff.com", you are at the wrong place

It’s possible they’re already working on it. It’s possible they’ve been working on it for years. It could take years, especially if there are older employees in roles that haven’t changed in years. Can’t just lay them all off. It takes a long time to fix company culture in general. I liked one of your last points about low level employees worrying more about politics than actually working. I was there for 2.5 years (2022 - 2024) and I spent a he-l of a lot more time playing politics than I did getting work done. I hated every minute of it. Maybe getting rid of the whole skip manager thing would be a good start. Have more of a visible hierarchy.

Maybe if they get rid of the meaningless administrative stuff like quarterly check in write ups. 4 write ups a year is too much.
Why classify someone in one of the 4 categories- waste of time classifying. No purpose to that nonsense. Just busy work.

at fidelity under Abby it gets worse before it gets worse