Thread regarding Fidelity Investments layoffs

They need to pay more

If they don't they'll keep losing big talent.

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Post ID: @OP+1lOSrveh

13 replies (most recent on top)

"Yeah they'd rather throw 3 people making $75k"

I hope you're not in a leadership position, as the answer to this statement can be found in standard literature on quality and productivity. If you're in the technology field, it's covered in the initial chapters of 'Clean Code'

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Post ID: @2Ompt+1lOSrveh

I wish I made $75k

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Post ID: @2Owrn+1lOSrveh

I don't ever remember getting 9 girls pregnant and then getting a baby in a month. That mentality doesn't work.

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Post ID: @ipex+1lOSrveh

Yeah they'd rather throw 3 people making $75k on something than one person at $150k.

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Post ID: @ebfo+1lOSrveh

Fidelity has chosen the ideology that more bodies thrown at a task makes it happen quicker.
Problem are:
They let go too many senior level ppl during the VBOs
Those people were replaced with new hires new to the business.
Majority of new hires are junior level with little or no experience.
Recruiting process is poor.
Yet another huge influx of onshore and offshore foreign talent willing to work cheap, but lack the skillsets and knowledge required.
Lower management lacking the technical knowledge required to lead.

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Post ID: @evlg+1lOSrveh

@9mcf+1lOSrveh Nobody knew what they were doing when they were in the office either

India teams require constant babysitting

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Post ID: @9oll+1lOSrveh

we took qa automation from India because they weren't getting it done. They're not in an office and nobody knows what they're really doing. Its sort of the wild, wild west now.

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Post ID: @9mcf+1lOSrveh

''' USA - Principal Software Engineer - base salary - $140,000

India - in US dollars - $30,000 '''

Is that the reason why every Engineer in India seems to have the title Principal Engineer :D

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Post ID: @7fvv+1lOSrveh

I’m ashamed to say I’ve been doing far too much above and beyond my role for too long, all for fraction of inflation raises. Then get slap-in-the-face comments if I give any feedback ever. Time to try to get out of this position or place. Too much manipulation.

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Post ID: @6rsp+1lOSrveh

Honestly. Systems have been breaking left and right, things are just unreliable and clients are beginning to notice. Pay top dollar for the top people, we have the money to do it.

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Post ID: @6hyt+1lOSrveh

140k is dirt cheap for principal level. If that's all your getting, you're getting cheated. Time to move on.

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Post ID: @2dgp+1lOSrveh

Absolutely, and people always talk about about high paying positions or software engineers and management on this forum, but some of us with other things are severely underpaid (and are always doing tons of extra stuff that’s not our job as well).

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Post ID: @2onu+1lOSrveh

USA - Principal Software Engineer - base salary - $140,000

India - in US dollars - $30,000

Brain drain of US talent for India “talent”.

It’s all a game of numbers, if one can inflate their skill set, say yes to every question asked, and reside in India - they get the job.

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Post ID: @1coy+1lOSrveh

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