Thread regarding Fidelity Investments layoffs

Fidelity IT: How "Senior Management Visibility" Fuels a Toxic Culture

I’ll address a core driver: the corrosive pursuit of senior management visibility.

Key Issues:

  1. Visibility Over Value
    • - Delivery of functional systems is secondary to crafting status reports for leadership.
  • - Legacy teams hoard knowledge (e.g., Clueing Manager) to maintain "exclusivity" and visibility.
  1. Managerial Complicity
    • - Managers prioritize showcasing team output to seniors over enabling growth or collaboration.
  • - New ideas are stifled unless they directly enhance leadership optics.
  1. Zero-Sum Competition
    • - Employees across grades compete for visibility, leading to credit theft, backstabbing, and information silos.
  • - Collaboration is nonexistent; individual survival trumps team success.
  1. Impact on Progress
    • - Legacy systems persist due to low-visibility modernization work.
  • - Innovation stalls as only "high-visibility" projects gain support.

Consequences:

  • Erosion of Well-Being: chronic stress (Fidelity’s resources are inadequate).
  • Attrition Risk: Talent departs when visibility games overshadow technical contribution.

Call to Leadership:
Align incentives with actual IT outcomes, not performative visibility. Until then, toxicity will persist.

#FidelityIT #ITManagement #EmployeeWellbeing

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| 1404 views | | 7 replies (last ) | Reply
Post ID: @OP+1jzgqgvxe

7 replies (most recent on top)

@ar you take your bad mood out on someone else, no need to be like that, crybaby

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Post ID: @m5+1jzgqgvxe

/&/Why are you here on this board

Recruiting.
This is how I keep the pulse on the market.

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Post ID: @er+1jzgqgvxe

@ar you think anybody on this site is happy? Why are you here on this board if you’re happy?

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Post ID: @ed+1jzgqgvxe

Nepo family with nepo company has nepo rules. Math checks out. You work for a casino that shelters oligarchs from potential wealth loss. Welcome to the casino.

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Post ID: @av+1jzgqgvxe

OP: stop being a f-ing crybaby.
Leave if you are not happy.

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Post ID: @ar+1jzgqgvxe

This is the most profound and spot on post I've ever read on this board.

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Post ID: @ae+1jzgqgvxe

This isn't just IT.

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Post ID: @a2+1jzgqgvxe

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