Thread regarding Fidelity Investments layoffs

The only thing I disagree with is that all who took the VBO were dead wood. We did lose some valuable people, along with some dead wood.

I agree, these VBOers are jealous that we are still collecting checks, bonuses, profit sharing, shares, benefits etc. Why would anyone want to give that up?? I don’t want the VBO at all. The firm had been making so much money after cleaning up all the dead wood. Bye bye dead wood.

Why would someone who took the VBO still be hanging on this board? It's over for you. Move on with your life.

Soooo glad I took the VBO and I'm not there to see the walls torn down slowly from the inside.

For those interested in the TX Association https://www.county.org/About-TAC

Hey @5egr+1oRiCI3a nickname TT, renew your jokes...

Oh no the TX Association, didn't they have some hit songs in the 60s?

Let's exchange I give you the TX and you the VBO?
The VBO could be the Vested Benefit Obligation, that would make sense why the VBOtaker have such fetish on that.(Common Fidelity get the IP that the guy used today here and the used in Fidelity and give this for the man he deserves in all senses).

The other option would be virtual based office. That would make sense if the VBOTaker was making threatening for someone here, maybe a remote worker.

They cleaned a bit here, but you know this is internet. We can get all the historic of this page.
Give me the VBO and I give the DB association, SG association.

TX Association? Taxes? Like TEM?

Some of you speak in gibberish.

@4zcx+1oRiCI3a they know.
They went too far and now are trying to get out.
The identity thing and racism is just a distraction.
I'm here until the TX association continue the madness. Once they gone from my life I will be gone too.

If you want to see how diverse Fidelity truly is, only look at levels 9, 10, 11.

8 and below have no real say in anything. They have you all chasing ghosts, busy with identity politics, putting down each other for scraps. No one is winning. Wake up.

It takes ten BIPOCers to do the work of one hardworking salt of the Earth White man.

@3uer+1oRiCI3a
Hahhaha okay daddy jokes. That was fun. The first one by the way.

The last two managers hired in the past week in my business unit were white males lol get fu---d

@2vcf+1oRiCI3a
I can easy put down with my family??

Don't be such an a-s to your family. No reason to put them down.

'I hear no VBO in '24 because they can't get rid of the experienced workers.'

You should get better sources.

"Boomer has no idea what OP means" Nor do you.

Boomer Sooner

Only a boomer would think "Stan" is misspelled. Boomer has no idea what OP means. Hahahahahaha.

"OP spelled "Stan" correctly." Or the OP misspelled and has no clue

There are a lot of people scratching their heads. Top people. Wondering about integrating wokeness into hiring.

I hear no VBO in '24 because they can't get rid of the experienced workers.

OP spelled "Stan" correctly. Someone has no clue as to how the word is being used.

Hahaha that's funny. I could end this now. But I liked to waste my time putting down sh-t arguments here. Make me fell well.
This one for example I can easy put down with my family. But is your only argument. I want you waste more time here.
Besides this is work for the TX Association, Naveen, Prathap... ;D

@2nwl+1oRiCI3a Just another racist blaming others for his own lack of abilities.

I first also thought on the same about the title. Then came to my mind two options.
This title os not a mistake. Is a message. But this message was predicted some time ago in a report and the two listeners are seeing this right now. But one don't know about the other. So, that means that one of them don't did their jobs as well.
The second is one true persons saying that. And for that comes your answer. Now if even the best persons defending a good cause can sound elitist. So who is safe?
"learn to spell before criticizing others, as the misspelled title"
Some people are making an extra effort to your become able to communicate with them not the opposite. They are doing 80% of the communication for a lot of people here...
"Success in business is never just about technical skills - it's about relationships, communication, influence, vision"
I'm not the one from the title but will give this as bonus:
We don't write software for the machines as well. We write for humans. But in order to do that you need technical skills. There's no escape.
This toxic kumbaya will not help on anything here. Is beautiful to hang a certificate on the wall. But is innocuous when your relationship and communication is so weak that a grammatical error is so important...

The affirmative action is real, but it's not for BIPOC it's for white women.

The entitled whining in this post reeks of ignorance, envy, and incompetence. Let's start with the obvious: learn to spell before criticizing others, as the misspelled title undermines any authority you hoped this diatribe might have.

If you're not getting promoted, I assure you it's not because of "diversity hires." It's because of your toxic attitude. This post oozes with entitlement, bitterness, and resentment towards women and minorities who dare to succeed despite facing systemic disadvantages you clearly neither understand nor empathize with.

Your simplistic, biased anecdotes reveal more about your own mediocrity than anyone else's. Success in business is never just about technical skills - it's about relationships, communication, influence, vision. Qualities clearly lacking here.

Whining about "standards being lowered" is tired rhetoric from those threatened by progress. The blunt truth is if you were skilled and valuable, you would rise on merit. Since you're not, it's easier to blame "diversity" than confront your own shortcomings.

@2umu+1oRiCI3a We agree in some aspects but in others no. I will give you one example:
"But perhaps you are too narrow-minded to consider other skills he may possess, such as people skills and the ability to influence others without authority"
This agile mindset is beautiful and is what made me "converted" to agile. But in reality, this person will be responsible for many technical implications.
In fact, everybody can learn the skills missing, but you should not be learning all the skills on the fly.
Just be careful, is easy to have "ability to influence" when you don't need to have hands-on. You can sell any BS when you have no clue about the subject.

As a black person working at Fidelity, I can tell you that there is very little preference for minorities here, except perhaps in entry-level hiring, because Fidelity is ashamed of its glaring lack of diversity.

As for promotions generally, hiring managers promote those whom they identify with, which advantages whites. The head of my business unit praises younger white men and gives them opportunities that other people don't get. He does this because he sees himself in them, a younger version of himself. It's not necessarily that they are better at delivering work. Black people are also underpaid here—again, because white managers don't advocate for black workers like they do for whites.

As for your statement about the black man promoted to director, perhaps he is incompetent. But perhaps you are too narrow-minded to consider other skills he may possess, such as people skills and the ability to influence others without authority. Knowing how to structure Excel sheets is rarely a crucial skill for leaders. I have seen white directors at Fidelity who don't even know how to use the video conferencing software or post images on a PowerPoint.

"It was all making sense until the end. This entire team uses Excel as some sort of data management tool. It's 2023. We are screwed."
Yep, screwed and in denial.

It was all making sense until the end. This entire team uses Excel as some sort of data management tool. It's 2023. We are screwed.
One data engineer to replace all of you, the whole lot, regardless of race/gender/nationality, and this problem will be sorted out.

"procedure that requires around 20 steps and a manual to follow to make work"
Sounds like a plan and not a design mistake. This is often used for vertical growing. Complex stuff requires more people to handle...