Thread regarding Fidelity Investments layoffs

Haven’t worked at Fidelity in a while. I have a few questions.

Hi, I was laid off in 2024. I found this site because as I was trying to cope with the situation. I give my condolences for anyone who lost their jobs with Fidelity recently. I really liked Fidelity when I was there. I haven’t 3 questions.

  1. I had an interview with Fidelity some time after I got laid off. Although I did very well in the interview, the position was moved to a different manager who decided they wanted someone who was more experienced than me. When Fidelity talentsource told me, they told me they would get on a call with me to talk about other open positions. It was radio silence ever since. So, it felt like there was something someone held against me for a while that I didn’t know. Doubt I’d be outing myself, but to be frank I was the opposite of the best performer, and vocal about accommodating people for remote work when I was at Fidelity. I also wasn’t doing work that raked in the money. Putting that together with other common signs that you’re on a chopping block anyways made sense that I was one that got laid off. I even asked Fidelity HR if I was put on some blacklist months after I got a new job, and they said I’m in the clear. Due to the ghosting, I just wanted transparency as to whether or not Fidelity recruiters saw something unfavorable for potential rehire, and I was being avoided like the plague. That way, I can plan accordingly in my future, and decide whether or not Fidelity would be a part of those plans. I really like my job now, but with my (alleged) good standing at Fidelity and the relationships I built there, I figured Fidelity is a great place to go back to if I need a pit stop.

  2. My friend from Fidelity got fired. He was playing hooky with the connect weeks for several months. Is he going to be on a blacklist to never hire again? I haven’t been there in a while, so I don’t know how passionate they got with the connect week.

  3. I noticed this site hasn’t had any upvotes and downvotes equalized for a while. Am I tripping out or did that stop?

Thank you to anyone who can answer those questions, especially question 1.

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| 2238 views | | 9 replies (last ) | Reply
Post ID: @OP+1k27nwrs6

9 replies (most recent on top)

Oh poor white male. You suffer so much because you haven't achieved to the level your privilege afforded you.
You can always go work for ICE.

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Post ID: @2tz+1k27nwrs6

If you are a white male you have about zero chance of being hired by Fidelity. HR is pushing DEI hires and any white male hire has to go through additional screening for it to be authorized.

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Post ID: @2rv+1k27nwrs6

F-sake, work on being more concise and maybe you’ll get hired.

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Post ID: @1aj+1k27nwrs6

@OP worry not, this Fido is nothing like it used to be. Don’t trust management.

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Post ID: @16v+1k27nwrs6

Dude, put a skirt on, say your in transition, claim some minority status and your in. Simple as that.

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Post ID: @11y+1k27nwrs6

I know the ins and outs of all this.

First step. Call and ask HR if you are eligible for rehire. If yes, then that goes a long way.

There might still be a file on you that will knock you out no matter what. If there isn't, then you have a chance. Fidelity mindset is that your odds improve if you find good work outside Fidelity first, and then try again.

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Post ID: @gt+1k27nwrs6

If you have been sacked for misconduct or performance reasons you will be marked as ineligible for rehire. If you have been laid off but were in good standing with no negative performance reviews before being laid off, you can reapply.

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Post ID: @fs+1k27nwrs6

@aj thank you for your input. Totally makes sense about my friend. Surprisingly, when I told people about how I was laid off, I heard a lot of Fidelity employees with 10+ years of tenure with stories about how when they got laid off. They ended up being able to find positions again. However, I’m pretty sure all of these accounts were from people that were with Fido prior to Covid. I wasn’t around during the Ned days, but I heard a lot of people say it’s been different since. Not to put blame on someone in general, but perhaps the new leadership has a differing philosophy for taking back people that were laid off? Maybe it also has to do with your network and who can vouch that you’re a good employee, too.

I figured if I ever want to go back, at least I have really good feedback from that interview that occurred. There’s certain people on this site that make me raise an eyebrow, though. “Uninjectables”, I think they call themselves? Branding a name like they’re some type of proud people being genocided when the disease is the thing that genocides them, as well as pass said disease they’re careless of to the common sense havers who go into the office. If you have a mob of people worshipping anti science along with the ones who troll this site, maybe it’s best to keep away. I know that’s everywhere with people like that, but still.

Maybe I should give it wait for the 2040s until I entertain the idea again? The world will be very different. Different leadership at Fidelity, different politics to worry about, more things figured out like what they want to do with the return to office policy, etc. Plus, I’ll be much more skilled, so Fidelity would probably be willing to overlook whatever happened more than 10 years ago at that point.

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Post ID: @av+1k27nwrs6

I don’t know anything concrete, but I have been told that it’s almost impossible to get back in the door after being laid off. They’re not going to tell you you’re on a blacklist but I think you basically are. Your friend was fired for cause and is not going to be re-hired. For you, I wouldn’t say don’t apply to future jobs that look interesting, but don’t have any expectations either.

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Post ID: @aj+1k27nwrs6

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