No rumors about coming layoffs. General consensus is that we are safe for the next couple of months. I want it to be true, but I don’t buy it.
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Frankie says “Relax,” but only boomers, as you affectionately call us, will get this.
Roger is still thinning out areas and wants to have it wrapped up at the end of the year. So pretty much anything wealth or brokerage is still on the chopping block. Other areas are stabilizing.
Some groups are safe, others are not. It seems like sales, tech, and certain management are the ones that have the biggest chance of being laid off. Phone groups will probably be safe.
A few managers have announced retirement recently. Not sure if they were laid off or leaving by choice.
Fear, Uncertainty and Doubt is the be Fidelity management style.
i dont know if the pay is worth all this stress. i have worried abt layoffs for too many months now
In 2017 & 2021, VBO camme out on Q1 with folks leaving by June, typically.
In 2017, layoffs hit in July, so shortly after those folks left but a couple of months after they had accepted/declined.
Have some sensitivity. It’s been stated several times here that people lost their jobs this week.
If they are doing a VBO it takes 3-4 to execute E2E and then another 2-3 months to do layoffs. Feels like similar timing as last time which means layoffs were in December? I maybe off, anyone else remember the timing last go around?
This is exactly what Abby and Roger want. Fear. Fear drives results. Fear drives people to quit. Just do the bare minimum and ride the wave. Hopefully they chill the fock out next year.