Well, if people are right then a lot of Fidelity employees are going to lose their jobs on 10/10.
Let us know what happened here.
6 replies (most recent on top)
Individuals getting laid off is a whole lot different than a wide-scale RIF. It happens all the time. No one has promised to work for Fidelity for free for the rest of their lives, so the organizaton has to make decisions about who to hire and what to pay. If you’re under the illusion that any company doesn’t make these exact same decisions on a continual basis, you’re fooling yourself. That’s what leadership is paid to do.
Offshoring of tech jobs, or the use of H1B Visas, have been happening for years. There is a lot of talent overseas, and I don’t believe for a second that the company shouldn’t find the best people for a specific job at the lowest cost. It could certainly happen with my role - I am sorry it happened to yours. Let’s not pretend this is any more noteworthy than it actually was....
I think there must be Fidelity employees hired to post here that there are no layoffs, when the post right above the last one clearly has someone who was laid off after 17 years, so heck no it isn't fear mongering it is FACT!!!!!! YES there were layoffs today.
This last guy sounds like a real phone donkey. “With whom do O have the pleasure of speaking to?”
So true-probably nothing happens today.
Today is indeed the day. I got hit after almost 17years and at least one other person in our group was affected. Asset Management. Support, not the investment side
This site is all fear mongering. Not one shred of evidence about anything except folks saying ‘I heard from a good source.’ Go back through history, and see how many times bad info had been posted in the past. We will soon see ‘definitely tomorrow’ or ‘definitely January 2018’ soon. Keep your nose to the grindstone, be hard-working and strive to continue to improve at work each day. You’ll be fine.