~3k roles to be trimmed across Wealth / brokerage this fall.
Some impacted individuals will be communicated end of Aug as immediate separation .
Some folks will be asked to stay till end of October basically giving them 2 months to find a new job at fidelity or leave.
This sounds like business as usual. There are layoffs all the time, but it wasn’t as publicly known
At this point, they should layoff anyone who has more than one harassment complaint. Get rid of trouble makers and those that are going to get the company sued.
Tech and Service gonna get whacked.
Every few weeks these posts crop up and end up complete bullsh-t.
Who is so bored to come here to shout about layoffs?
Someone who was layed off already.
Just move on. It's sad really.
Only ones that need to worry are white male reps. Long live DEI!
Does this mean FI? Like the teams that support the RIA’s on the Institutional side?
Some batch ops in our squad are definitely going to be impacted, my manager hinted during latest 1-1
Not due to performance but by colocation policies being pushed from above
Managed accounts are busy, can't hire fast enough- expecting a lot of growth in managed money in the next year and beyond
Wealth is pretty broad. Any specific groups this time?
If proven true, this anonymous site is a perfect venue for Fidelity HR to condition expectations and mitigate the emotional blow.