Does Fidelity really care about the “brain drain?” NO! They want to be hip and hire inexperienced youngsters. Hopefully it ruins them. Shame on them for treating “older” employees the way they did with their layoffs. Oh, I’m sorry, job description changes. If you took the VBO’s good for you. Those of us let go because of our age didn’t deserve the way we were treated.
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Don’t hold your breath, with so many people taking advantage of it last time it caught them off guard. The brain drain has been huge as a result!!!! Too many new folks with very little experience. Errors are up, CSL’s are down, clients complaining about bad info being given. Some depts are spread very thin. Gonna been a long time before the next VBO!!!
I agree on the every 4 years statement. Also consider the company was doing very well when they did the two VBOs. If you skipped on the last one hang in there and take the next one, it is great! If you passed on both of them you are an id--t.
seems like VBO comes along once every 4 years. Best guess is 2025.
Nothing yet. Realistically I would plan as if there will not be a VBO in the next 2 years. The company is still reeling from the "competency crisis" stemming from the last one, and the general economic conditions will not likely allow for a generous buyout package on a large scale