Thread regarding Fidelity Investments layoffs

Manager to individual contributor

As part of re org, I noticed that some associates who were previously managers are now individual contributors. Was this a demotion or a lateral move? If it was a lateral move, does that mean their salary remained the same?

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If their title didn’t change then neither did their comp. It’s not really a demotion or a lateral move, it’s just structural changes, flattening out layers of management. If their title changed, they probably keep their base salary but their bonus percentage does change.

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