Thread regarding Fidelity Investments layoffs

yes, the everyone gets a trophy generation are now adults and they are still looking for second place trophies.

These meatheads are so used to getting a trophy for anything that they have no clue about life and how a business is run. Stop being a burden on your parents by living in their basement and waiting for the meatloaf to be served. Grow up!!

You won’t be waiting long. Good luck, grandpa, you’re going to need it!

Ok, I will wait till AI replaces the legacy applications. Good luck snowflakes.

Unfortunately millennials owning or renting their own place are in debt up to the eyeballs either with a huge mortgage or rent payments. These people unfortunately belong in the “million dollar debt” club and will be working for a long time.

If it’s. It a social club, how come you boomers want us all in office? Oh hey I’m a millennial that has my own house, I don’t live in my parents’ basement. And the fresh out of college kid on my team has her own place. Guess you’re wrong about us.

“Boomer complaining that they removed the typewriters and mimeograph machines” Hey snowflakes, move out of your parents basement and experience life. What a bunch of meatheads. There is a reason they call it work, it’s not a social club.

Durham has tons of empty seats, even during the busiest connect weeks.

They say there are more EEs than seats, but I don't see it.

No way they could fit everyone at my office 100% of the time, unless they layoff a lot. We struggle with fitting everyone for one connect week per month. It is going to be so loud and congested come September lmao. Can already barely hear clients on the headset as it is sometimes. Rest and vest guys.

That's total speculation. They can't go to 100% in-office by the end of the year. Most sites have twice as many employees as they do seats. So 50% is probably the max (unless about 30k employees quit).

Expect return to 100% in-office by the end of 2024.

I was thinking the same thing actually. Found out about the 2 weeks in office change and during team meeting my manager said “if this change is inconvenient or isn’t what you want, I understand as a manager if some of you want to change careers or decide to leave Fidelity and won’t offended if you that’s the case”. Sounded like he was inviting people to leave. Also my manager said we should “hold off” on having me register for a certification exam. Fishy

their company, their rules. You're just an employee.

As hard as it is to believe Fidelity is under pressure. Their mutual fund business model for years counted on flows into actively managed funds to support the business. In the last couple of decades there has been outright attrition as far as that goes. They have made up for it with the sale of managed accounts and retirement income products but the margins are not the same. Record profits yes but, at least in the near term, expect them to prop that up with cost cuts not improved margins on products.

They use Glassdoor and LinkedIn as a means to market to the core growth segment and push IT and HR to be their Salesforce. God forbid the secret lies and truth about the cutthroat toxic culture and rampant discrimination be known.

Boomers are staying loyal to this great company, they are used to working in the office 100%. Looks like we are going to lose a lot of snowflakes.

God forbid people try to move out in the country to avoid a house in the God forsaken market and start a family

What happened literally in Fidelity Investments - Boston - Please be clear and genuine.