Anyone hearing of additional restructuring or workforce reductions in Fidelity Technology after the recent reorg? Curious whether teams are expecting further changes later this year or if the current reorganization is considered complete.

It was to go RTO full time. You cannot go half a decade and blow it up like that. It’s a cauldron of bad mojo and stupidity sprinkled with greed. Bad corporate decision made my dei and fools.

That's the question. simple. yes no.

Office politics are so much worse when you have to navigate them in person. From micromanaging to bullying to being put in the middle of arguments... It drains people in a way that's much, much worse than just hearing about it or dealing with it from... — read more 

I've worked some bad jobs before but nothing even comes close to what this place has done to me. The leadership is awful, the managers are worse, and I genuinely don't recognize myself anymore after dealing with it all. It's taken such a toll on my... — read more 

Whats stopping us from collectively and politely saying no, collectively staying home, and forcing their hand? They are doing it in bits because they are scared of p*ssing off everyone all at once.

My site is pushing hard on metrics for client facing phone roles in brokerage. They are putting any below the national average on key metrics like CPH on an “unofficial” PIP. So, lots of people getting put on a PIP. I’m hearing from other site... — read more 

If you're smart enough to read between the lines, More people are going to be cut next quarter where people remaining have to adjust to the new normal Why tf they can't just tell us directly??

I can't think of a tool I'd like to see forever leave than JIRA! We got rid of AGILE. Let's get rid of JIRA!!!

Let’s talk about what happened in May. I was in the layoff group and I’ll tell you my clues specifically in wealth that I picked up on that warned me ahead of time. Granted I wanted to be laid off so I could leave with severance. Wealth head’s... — read more 

One of the most parasitic creatures in fidelity is architects. Most of them are completely useless and talks rubbish in the calls. They are the biggest bottleneck to delivery. Why do we need these low calibre people?.Most of these people are from... — read more 

Fidelity owns 10% of SpaceX, ironic that employees can't participate in IPOs but Fidelity itself can. Anyways do you think the success/failure of SpaceX IPO will impact the NAV of chairman shares?

Question for the people who were laid off in May, did you get your match true-up contribution last Friday ?

Is something coming in June or not?

Every time I scroll through LinkedIn, I see the same carefully curated posts about how great everything is. It's like reading propaganda. Nobody who actually works here believes any of that cr-p.

I believe she will falter and rethink the FT RTO. It’s a bad decision it’s creating animus and very bad publicity which isn’t good for the bottom line. People don’t like seeing their accounts handled by newbies outsourced and disgruntled... — read more 

Anyone ever had their bonus be $0 due to not working the full 8 hours in office on connect weeks?

My group in FI which I guess is now in Fid Wealth (though we haven’t heard anything on how that impacts us) is so insanely understaffed and the environment is so toxic and depressing it’s almost like it has to be on purpose. A bunch of tenured great... — read more 

A scrum master now is having a same title as level 6 analyst. And then another scrum master is now Director IT project manager. Level 6 & 7 roles used to be hard earned positions here. One squad lead is Director while other is Engineering... — read more 

I'm seeing some linked in posts where people are 'so excited to announce I'm taking a new position as a director in Fidelity blah blah ' where they were formerly VPs. Of course one in particular I saw scrubbed that gleeful vp announcement from 3... — read more 

It's harder to stay focused because nobody seems sure what the plan is anymore. We're still doing the work, but we're being kept in the dark on so many things. I'm getting really, really tired of it.

Have read this a lot.. The problem with this logic is that it is exactly the strategy used to hire them in the first place (internally from other BUs using Spotify model) what your missing is that this is was designed to fail and there was... — read more 

Confirmed cuts are coming this fall, although this won't be sudden. Impacted folks will be communicated that they have X number of weeks to transition into a new role within fidelity or negotiate severance. Some folks will be given till end of year... — read more 

After the recent Fidelity layoffs, leadership mentioned moving toward larger consolidated teams starting in June. I haven’t seen any changes in my business yet. Are others seeing team merges already? Is this just taking longer than expected, or are... — read more 

Embrace the change, sit tight, navigate it with optimism. How tf am I supposed be do that when I do not know if I will have a job in coming weeks, months??

There's growing chatter about people being cut due to less token usage. If you weren't heavily using your copilot, it's being seen as "you're not growing" and "adapting" to new technology. To me it's seems mo--nic, It's another metric of punishing... — read more 

To everyone who served their last day on May 29th, thank you for everything you’ve contributed here.. As the community navigates this transition, many are trying to understand the baseline support the company provided. If you feel comfortable... — read more 

Years of hard-earned shares, gone in a jiffy. People poured everything into their roles, and just because the company decides that a role no longer exists, with zero explanation, zero rationalization, employees are left holding the loss. And the... — read more 

Talked to a few hiring managers on Friday and they all echoed the same thing , the last few weeks were the toughest they’ve ever had to maneuver. Every open position was flooded with applications . multiple leaders recommending and putting referees... — read more 

What happened today? Why are there so many meetings today? Any announcement coming up ?

Well folks the day has come as my last day here at fidelity. To this community I want to say thanks for the entertainment and the small pockets of actual true facts warning on layoffs. To those affected by the layoff I wish you the very best and hope... — read more 

Fidelity layoffs hit Covington campus CINCINNATI (Cincinnati Business Courier) - Fidelity Investments has laid off several people from its Covington... — read more 

After 36 years at Fidelity, I have learned that every generation of associates eventually faces a moment when the conversation gets heavy. People start asking whether the company is changing too much. Whether the culture is still the same. Whether... — read more 

When is phase 2? More lay offs? More desks?

What happened to the post where someone got so mad they stared ba----g their shoe on the table? None of this nonsense would have happened if Kathy Murphy was still here. SMH

Nothing and I mean nothing scares ppl investing with any bank more than turmoil and unrest. They are really pushing for massive layoffs done by silent workers being threatened long insane hours and excessive workloads. They WANT this to happen. ... — read more 

Anyone going through that recently? I got this fu--ing annoying member from another team, who is good for nothing. Yet, I can see behavior which always cause chaos, trying to step on everyone’s toes. Matter of time when someone asks them to “calm... — read more 

My gut feeling is they don't know what they are doing and are just trying another model that will also fail. There are so many groups to all running around "getting alignment" with each other that they fail to just get the work done. They could be... — read more 

You gotta be freaking kidding me. After 6+ months of torture, we gotta endure 3 more months of this bullsh-t???? Fidelity seriously needs to prioritize how it's affecting mental health of associates.

I heard contradicting statements on whether we will continue to get severance even if we join else where.