Thread regarding Fidelity Investments layoffs

October layoffs at Fidelity

Yes definately more coming in October and then more in Q1. Face it, Vanguard has 6000 employees and Fidelity has 50000. Who is getting all the new money? I agree -rip off the band aid and get it over with quickly but hard to do with stocks at all time highs. Wait for first real market correction before the big purge.

Unfortunately, it seems that October layoffs are truly inevitable. I have seen this mentioned in several places. No official confirmation, but the writing is on the wall.

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Post ID: @OP+PaoHJRm

9 replies (most recent on top)

Jackie, I agree with you. Especially up here in MMK.

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Post ID: @dWkxi+PaoHJRm

If you're close to 50 at Fidelity & female, be ready to sever ties. They are ruthless. Then you really find out how awful the work conditions are, they nickel and dime you on the way out the door. Zero accountability.

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Post ID: @dNrdi+PaoHJRm

Read more here about how Fidelity is firing employees

https://www.thelayoff.com/t/SUABhNe

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Post ID: @40mpj+PaoHJRm

I heard another VBO would be offered; but that is not from a reliable source. I'll be glad when October is over!

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Post ID: @ddqd+PaoHJRm

Anyone else hearing that the October layoffs will be widespread with a targeted 10% of total workforce.

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Post ID: @ddvn+PaoHJRm

More internal rumors about October. Last Vbo did not achieve targets. What is not a rumor is the budget layouts till 2020, with definite cutbacks.

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Post ID: @beet+PaoHJRm

Sounds like someone is blowing hot air....no proof!

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Post ID: @bvqn+PaoHJRm

Any of the finance jobs going to be affected?

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Post ID: @bvtn+PaoHJRm

Hearing Oct 3rd is the day. Lots of IT cuts. They are starting to ramp up 24x7 IT staffing in India, but trying to keep it hush hush.

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Post ID: @4oql+PaoHJRm

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