Thread regarding Fidelity Investments layoffs

Toxic competing culture

At fidelity, we are not working to compete against our market competitors.

We are not competing against other BU's.

We are competing against person sitting next to us.

And these toxic managers are encouraging this behavior more than anything.

At work, you're not supposed to give stink eye to each other, I've been part of fidelity for 15 years, started as in intern.

But the last 4 years has been he-l and we have no one but these managers to blame.


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Post ID: @OP+1kgfwn5d3

4 replies (most recent on top)

100% true

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Post ID: @3dn+1kgfwn5d3

I agree with op. This does happen a lot. Its about power. Managers want to promote their people only. Exciting work given to them only. Right now job mkt is bad so people just have to tolerate this.

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Post ID: @bg+1kgfwn5d3

wow... is it really this bad? Accepted an offer but didn;t realize they do stack ranking

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Post ID: @aw+1kgfwn5d3

So sorry you’re feeling this way, it shouldn’t be like this at all. A lot of this experience is standard for corporate America, not specific to fidelity. It’s awful and it gives leadership and management the control they want. All you can do is to just keep chugging along, maybe try some networking to see if others in other industries experience the same thing. Who knows, maybe you’ll find yourself somewhere better to work. Hang in there

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Post ID: @a4+1kgfwn5d3

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