Thread regarding Fidelity Investments layoffs

I got old

I am 52 and was laid off as of September 1, 2017. I was told I was able to be rehired if I applied for another position. I recently applied for a position and was turned down. I did almost 11 years on the phone. I was told that an internal employee gave a statement about me they did not like. I did not authorize this and it was not a supervisor.

I was also told they are not looking for people with experience or a college education. They are looking for retail, restaurant and healthcare workers now to work the phones. I gave a total of 13 years to this company and this is what happens. I got old.

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Post ID: @OP+UeY4waw

9 replies (most recent on top)

I’m in my 50’s, a white male , who was told I was going to be rif’d. Married with two kids. Cannot afford to lose my job. Decided to take a different track. Being high performer wasn’t enough. My whiteness and s-xual was against me. Two weeks ago I told my manager I was transgender. I got promoted!

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Post ID: @9gmxn+UeY4waw

2 years stuck as a Veritude contractor...no raise, no sick time....seen some of the best folks laid off...company is so woke on diversity but won't give their second class Veritude a paid day off or medical benefits...great job for a young diverse fresh outa school...dead end for an older white male unless you are on the top

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Post ID: @9bpdx+UeY4waw

When I hear "11 years on the phone", honestly the first thing I think of is better brush up on those buggy whip skills too. It's okay to get old. It's not okay to get obsolete.

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Post ID: @2bqoz+UeY4waw

Are you referring to atp developers as incompetent?

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Post ID: @27fij+UeY4waw

So sad to give many years to a company and out you go. I guess if I had kissed a-- I would still be there.

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Post ID: @6efw+UeY4waw

I too got old as a white male. Fidelity will never recover. The once great company has been ruined by the lust for millennials.

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Post ID: @2ajg+UeY4waw

You shouldn't have any problems being old if you are a VP or higher... I heard an SVP mention wanting interns and fresh college grads to be 'more integrated', and have more opportunities in a highly technical area. Groups with SMEs of 15+ yrs exp, and SVPs asking us to give interns who can't tell you the difference between a call and a put, more of our work.

I also have heard of HR talking to coworkers and gathering such statements.

This company will move you, ask you to take sacrifices, do more, and then drop you with no thought.

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Post ID: @yew+UeY4waw

While I don't doubt that there is bias against older folk, Fido is no saint to younger employees either so it's really all across the board. I left a couple years ago, and all of my former colleagues/friends have now either left or are desperately trying to leave. We all reminisce about being grossly underpaid and laugh about how incompetent/toxic the tech teams were. Technology company my a-- hahaha. We all fall within that "millennial" target age group (25-35) that Fidelity seems so fixated on. Most of us have moved on to places that pay way more competitively and better foster an environment for long term growth.

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Post ID: @ufv+UeY4waw

You did not say, but obviously you are male.

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Post ID: @wsm+UeY4waw

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