Thread regarding Fidelity Investments layoffs

Please let there be a VBO in March

So many rumors; sure hope they are true.

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Post ID: @OP+1qyXm5Ny

12 replies (most recent on top)

Hey @igta+1qyXm5Ny

VBO was a no brainer.....

  • 18 months of Severance Pay
  • Started new gig 1 week after leaving = 18 months of DoubleDipping
  • I was Rule of 55 eligible

.....even more so now in hindsight as

  • I am making more than I did at Fido (Base+Bonus+Match+Profit Sharing)
  • VBO health care is way better than what new gig offers

Still smiling ;)

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Post ID: @kxey+1qyXm5Ny

Is the VBO so lucrative it’s worth holding off retiring for 2 years?

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Post ID: @igta+1qyXm5Ny

I declined last VBO as I was still mid 50’s. No regrets break even was 10 months so ahead of the game and just got great rating and feel no ill effects of turning down offer. That’s what it is a generous offer , great if time and fine if not. Don’t listen to trolls on here who no nothing.

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Post ID: @gulh+1qyXm5Ny

Russian bots posting white men comments here now.

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Post ID: @gjzu+1qyXm5Ny

If you’re offered a vbo, I highly recommend you take it. You’re already on a list, and if u don’t take it, there’s no guarantee you’ll get another, or anything. Many of the folks who didn’t take the 2017 vbo got cut 2 wks after the vbo ppl were gone.

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Post ID: @grrj+1qyXm5Ny

They did a quick look-see and figured out that their most valuable employees, experienced white men, would take the VBO and leave the POC and WW all alone to run things that they don't know how to make work.

Spells doom for Fidelity when the experienced white men leave the firm.

83

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Post ID: @bsqx+1qyXm5Ny

Hearing this year is a no go but next year a probably.

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Post ID: @bnwj+1qyXm5Ny

Won’t happen, The company writes some of the costs off over three years so the earliest would be 2025 but that isn’t guaranteed.

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Post ID: @8kzs+1qyXm5Ny

Thoughts on if there is a VBO offer. Will rule of 70 include an age requirement like in 2017?

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Post ID: @4ffs+1qyXm5Ny

I'll feel bad for people who are really grasping for this and if it doesn't happen this delay sends them into depression that they believed in the rumor mill and it was not true. How do I know that this can happen? Because it happened to me. The rumor mill was going crazy 3 years after the first VBO, I believed it was going to happen and it didn't. I was devastated. Luckily, with the help of family I was able to keep digging and 4 years after the first VBO I was eligible and took the second one. The smile on my face in full retirement has not left since the day I walked out. It can be dangerous to your health to go all in on the rumor mill. I really hope it does happen and many of you can take it. Best of luck!

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Post ID: @2gud+1qyXm5Ny

Don’t take the VBO!! Keep collecting you check! Love it!

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Post ID: @arj+1qyXm5Ny

Why? You don’t want to eventually have to take a LOA due to stress for health reasons?!?

But everyone in my group is totally convinced one will be communicated to those who qualify in March. I feel bad for those who come close but don’t qualify. Life will be awful after they leave. But who cares…

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Post ID: @arq+1qyXm5Ny

nope

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Post ID: @blw+1qyXm5Ny

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