Thread regarding Fidelity Investments layoffs

What made Fidelity suddenly turn on squad leads?

LMAO

I had a satanic squad leads recently and am wondering if I am responsible for this delicious backlash on this parasitic, useless role

I hired an Etsy witch to put a generational curse on the squad lead position


by
| 2570 views | | 8 replies (last ) | Reply
Post ID: @OP+1k9t25p81

8 replies (most recent on top)

@OP It works well in tech product company. we are fintech not just Tech. Customer facing ( not just call centers) and business oriented roles will never go away. Not in coming decade.

by
| | Reply
Post ID: @jx+1k9t25p81

@e5 this is a load of cr-p. There's a reason software engineers are concerned about losing their positions to AI. You may not be able to plug and play business subject matter expert type roles to software engineers and vice versatility. But the idea that software engineers are the be all end all with technology advancements in the last few years is laughable.

by
| | Reply
Post ID: @fa+1k9t25p81

@e5

I don't agree with the fetishization of "engineering background" because there's no straight or neccesary link between having earned an engineering degree and have the ability to be imaginative or strategic in one's thinking.

Many of Fidelity's most successful leaders did not come from an engineering background.

Some engineers are the most narrow minded, myopic people imaginable that don't seem to realize whatever technical detail they're obsessed with either doesn't matter, or if it does matter they lack the communication skills to highlight its fundamental and neccesary importance to stakeholders.

I agree completely with your perspective that local conditions vary among squads, and where in one squad the squad leader is a useless parasite in another they or even the scrum master are a critical node without which disaster will unfold.

But my experience has been more often than not, squad leads were underwhelming and seemed redudant if the squad had another business person like a BA.

by
| | Reply
Post ID: @ea+1k9t25p81

Who's more useful is all team and person specific, any role based policy (cut all scrum masters! let all squad leads report to chapter lead! Get rid of all squad leads!) without considering local conditions will hurt Fidelity.

But in general, the lower in the org chart, the more talents should lean to engineering (chapter leader, engineering leader), the higher up the more should leans towards product leader (squad leads) with engineering background. Well-rounded engineering talents would pick up product sense over time, but not vice versa. For example, current crops of finance, business, political science backgrounded executives in tech are doomed to be the visionless generation.

by
| | Reply
Post ID: @e5+1k9t25p81

Squad leads are actually useful though.

by
| | Reply
Post ID: @e2+1k9t25p81

Don't flatter yourself hon. And laugh all you want, the Fidelity axe will find you eventually too

by
| | Reply
Post ID: @bj+1k9t25p81

What happen

by
| | Reply
Post ID: @af+1k9t25p81

Try sobriety next time.

by
| | Reply
Post ID: @a7+1k9t25p81

Post a reply

: