Thread regarding Fidelity Investments layoffs

Too many leadership levels

I'm actually heartened to see that I'm not the only one frustrated with the multiple layers upon layers of 'leadership' at Fidelity.

I recently was told to lead an effort to repair data. It was me and one other EE 'in charge' of repairing the data. Problem is... We had to always run everything by 3 VPs and several directors. They managed to basically ki-l the effort because it "wouldn't fix everything." We weren't trying to 'fix everything.' We were trying to fix a handful of things that were broken and creating an ongoing mess for so many people.

To show how important and insightful they are, they manage to talk amongst themselves and ki-l everything useful. It's very discouraging.

If the next round of layoffs don't cull the thick "leadership" ranks of VPs and directors, and just targets worker bees per usual, then it will become truly much more difficult a place to work and get anything done.

Good post from @241+1jznefapa.

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Post ID: @OP+1k1b90an0

3 replies (most recent on top)

start with the SVPs and VPs

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Post ID: @qf+1k1b90an0

oh, those lords of the middle land
those who roam the meeting rooms
with their laptops in hand
those who point out the edge cases
those who are never shy to opine
those who "strategize"
those who plan
those who look at the big pictures
those who align
those who deal with the "noises"
those who don't problem solve but rant
those who ping-pong between the top and the bottom
those who act as the middle men
those where credits are rolled up to
those who do nothing but are doing perfectly fine
those who bring home the fat checks
those weeds which are long due for a forceful yank

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Post ID: @by+1k1b90an0

Years ago some of those layers of management were collapsed and every manager was required to have a specific numbers of direct reports for the position to remain. Later not only did the old layers come back but more were added.

Abby needs to start cutting from the top. Not only does that approach save more money but it will force those left to be innovative instead of barriers to change!

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Post ID: @bv+1k1b90an0

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