As you read about another round of layoffs at Schwab makes me happy to be at Fidelity. Say what you will but Fidelity is winning right now on all fronts.
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A friend of mine that’s in his late 50’s that had over 30 years of experience got layed off from there last week.
I’m sure he will be able to find another job…
I refuse to celebrate someone else's troubles. I hope the ones affected can find new positions somewhere without delay.
Also staff redundancy reduction from TD merger, also Banking is an anchor with rates so high right now.
How much did HR pay you to make such nonsense statements?
This is not good news for us at all. From an empathy perspective, people are losing their source of income and will spend months if not years trying to recover. From a self-interested perspective, Fidelity now has access to a pool of applicants with directly relevant skills which puts greater power in the firm's hands than ours as employees. We want Schwab to be a strong competitor that keeps Fidelity on its toes
God bless us all, everyone!
Yes, one advantage with Fidelity is being a Private company. The tend to hold off on RIFS as long as possible no public quarterly earnings to report.
Layoffs = people losing
Doesn't make me happy
;D