Thread regarding Fidelity Investments layoffs

Fidelity tech leadership crisis - A leaders perspective

Let's cut the corporate euphemisms: there's a festering discontent with middle and upper-level leadership in tech, and for good reason.
These roles are increasingly viewed as what they often are: parasitic leeches, draining value and lifeblood from the people doing the actual work, while contributing absolutely nothing meaningful.

I’ve been embedded in this firm’s tech trenches for over 20 years. I saw how this rot began. For those of us who remember the 1995-2005 era, teams were lean, and our tech stack was primitive by today's standards—Shell scripts, SQL, Mainframes, PowerBuilder, Oracle Forms, basic web junk. The heavy lifting? Almost entirely done by contractors. And who took the credit? Full-time employees, myself included, who mastered the art of looking busy.

Most of today’s so-called tech "leaders" were barely out of school, stuck in grades 5-6 until around 2009. Then the tech bubble inflated again, and these "body-shopping" managers—glorified contractor coordinators with zero genuine technical acumen—were suddenly catapulted into "leadership" positions they were laughably unqualified for. When contractor armies dwindled, their grift continued: coasting on the efforts of actual engineers.

The arrival of truly skilled junior FTEs was their personal nightmare. It starkly exposed their profound incompetence. Unable to steal credit from these genuinely capable hires, they pivoted to a more insidious strategy: systematically sabotaging and sidelining any strong technical talent. They then built a protective moat of low-skill, sycophantic "yes-men" around themselves—a buffer of mediocrity to ensure their own survival.

Come performance review season, they expertly we-ponize "competence." Top performers are dismissed with snake-like phrases: "Technically brilliant, but struggles with collaboration." The blatant translation? "They see through our incompetence and won't let us steal their work," or more simply, "They're too good, and it makes us look bad." Now festering in grades 8-9, these "leaders" remain deeply insecure, talentless hacks obsessed with hollow titles, shamelessly slapping their names on patents and projects they had zero involvement with.

This isn't just a local infection; it's a global pandemic of dysfunction:

In the U.S.: We're choking on a bloated stratum of grade 8-9 "leaders" who are:
Chronically demotivated, radiating apathy.
Clueless about their actual purpose, if any.
A glut of VPs, Architects, and SLs squabbling over a shrinking pie of relevance.
Masters of chaos, constantly changing direction with zero coherent communication.

In India:
Firm has meticulously constructed an absurdly top-heavy pyramid of non-productive,
non-delivery roles. India is a cost center; its prime directive should be maximizing
workforce efficiency. Instead, we've engineered:
Multiple, redundant layers of do-nothing managers.
A laughable proliferation of "Head" positions whose value is utterly indiscernible.
Middle management that exists for no reason other than to perpetuate bureaucracy
and self-importance.
While frontline managers working directly with teams might have a purpose, what in God's name does this bloated middle layer contribute besides more meetings and obstructions?

A Harsh Mirror for You So-Called Tech "Leaders":

Competence Farce: Are you genuinely skilled in your supposed domain, or just a slick corporate politician, a master of brown-nosing?
Moral Bankruptcy Audit: Haven't you already feathered your nest enough? Is your insatiable greed for credit and wealth ever going to end?
Tech Evasion Tactics: Do actual technical discussions send you into a cold sweat, forcing you to desperately pivot to vapid buzzwords like "culture," "collaboration," and "innovation" to mask your ignorance?
The Hands-Off Fraud Test: Could you actually write a line of code, manage a Git commit, or handle basic DevOps tasks? Or do you just delegate, dictate, and then shamelessly take all the credit?
I can only imagine the utter contempt a junior FTE—someone lightyears more talented and capable than you in every conceivable way—must feel when they look at you. Let’s be brutally honest: nobody respects you. Not your teams, not your peers, and certainly not anyone who actually understands technology.

So, here's your ultimatum:

Attempt Redemption: Try to salvage your image. Step up, publicly acknowledge your glaring shortcomings, and for once in your career, attempt to lead with a shred of competence and integrity. (Unlikely, I know).
Stay the Parasitic Course: Cling desperately to your outdated, predatory, and frankly pathetic style of "leadership." Watch as your relevance—and your entire career—inevitably marches towards a well-deserved extinction.
The choice is yours. But make no mistake: the world is advancing, rapidly. It will leave you behind, forgotten in the dustbin of obsolete management fads.

Let’s be brutally frank – most of us who've been in "leadership" for years (myself included, initially) have made a ki-ling. We've amassed significant wealth. The burning question you need to ask your reflection: When is enough truly ENOUGH?

Perhaps the only honorable exit left for many of you is to finally admit your time is long past, your act is stale, and make way for fresh talent and genuine vision. I’ve made my decision – I’m getting out in the coming months. I refuse to be part of this charade any longer.

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| 1981 views | | 9 replies (last ) | Reply
Post ID: @OP+1jw43nfv9

9 replies (most recent on top)

@bq+1jw43nfv9 you are miserable. Every comment you write sounds the same. Look in the mirror and try to find something you like about yourself. You truly are a POS.

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Post ID: @rb+1jw43nfv9

I worked at Fidelity for 14 years 2007 - 2021 - never saw a tech manager ( an IT person with reporting people) writing code. Not in the groups I worked with. We had senior tech folks who wrote code that were sometimes called 'leads' but they had no direct reports.

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Post ID: @r8+1jw43nfv9

Hi, Fidelity employee starting post pandemic “end” here (2022 onwards). In previous roles I’ve worked, the managers would always code with us software engineers. In my experience with FAANG, the managers would do the same. They’d work with us, as if they’re generals leading soldiers into the battlefield. I mean no disrespect to Fidelity, but many managers are out of the loop with much of the work at Fidelity. It’d certainly help if they were looking at the code themselves, actually pulling weight. A chapter lead must help the employees they guide. It’d be much easier if they had access to the code and had familiarity with how the nitty gritty works.

Pre Agile/Chapter lead model, has fidelity managers ever been granted access to write physical code themselves in their role as managers?

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Post ID: @jh+1jw43nfv9

Here's the cold truth: Companies need to slash the dead weight. Start by axing every overpaid Grade 8+ bureaucrat and every 'Head of Useless Titles' collecting a paycheck for doing nothing. Anyone clinging to their desk for 15+ years is a fossil – they’re only here because nobody else would hire them. They’re coasting on inertia, not talent. Clean house. Burn the bloated org chart. Innovation starts when complacency ends

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Post ID: @en+1jw43nfv9

ChatGPT, the crutch for mo--ns.

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Post ID: @d5+1jw43nfv9

The first comment that was fixated on ChatGPT usage alone summarizes the core issue the post is addressing .

First comment guy wasn't trying to contribute anything meaningful. He just wanted to appear smart by making that empty observation. And that's the real problem here.

People aren't interested in understanding the actual issues. They'd rather score cheap points with worthless comments. With behavior like that, he's definitely "leadership material."

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Post ID: @c4+1jw43nfv9

@bf+1jw43nfv9
"Wow, what a revelation."

Boomer over here just cracked the case: "ChatGPT was used to write this!" No kidding, Sherlock—you’re years late to that party.

But hey, we get it:

Actually engaging with the content was too hard, so you went for the lazy nitpick instead.

This is the same "insightful" energy you bring to meetings—talking just to hear yourself talk, adding zero value.

Sound pollution is your real skillset.

Congrats, man. You’re the human equivalent of a participation trophy—showing up is your only accomplishment.

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Post ID: @bq+1jw43nfv9

@bf
@bf+1jw43nfv9
Everyone uses ChatGPT and similar tools to enhance productivity. Your objection says more about you than them.
Maybe this critique hits too close to home because it precisely describes your mindset: resistant to progress, uncomfortable with competence, and threatened when others work smarter.

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Post ID: @bk+1jw43nfv9

Probably should give credit to ChatGPT for the help with your post, lol

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Post ID: @bf+1jw43nfv9

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