Thread regarding Fidelity Investments layoffs

More Layoffs Today

A huge amount of Tech being laid off this morning. A friend messaged me that she was laid off around 8:45am this morning and supposedly to hundreds of other Tech folks. Just awful.

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Post ID: @OP+1ruGCIzz

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Are these new layoffs or people who were out last week?

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Post ID: @jxo+1ruGCIzz

Where you all seeing higher numbers?

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Post ID: @wle+1ruGCIzz

Which Tech department? Is it in Boston or NC and what her role or level ??

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Post ID: @bwl+1ruGCIzz

what BU?

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Post ID: @zgk+1ruGCIzz

70,000 employees looks like 5% reduction in force so 3,500-4,000 or more depending on how you count the 1000 employees from international.

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Post ID: @utt+1ruGCIzz

Reading that it’s significantly more than 700 people being let go.

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Post ID: @yst+1ruGCIzz

It’s a bloodbath!

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Post ID: @ihx+1ruGCIzz

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