Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Pulse Survey Results

What are the thoughts on the results... Think they'll try to put lipstick on a pig or call them for what they are...

Dynamic working - be very careful

As a manager, i can sense that RTO is being used as a financial strategy to stiff employees on year end bonuses and raises. There is no winning this fight if you care about having a decent bonus payout or getting a raise. They will do everything they... — read more 

RTO is just another attrition strategy

What will you do? Relocate or quit? For me, personally, relocating and respecting RTO rules is prohibitively costly, both in financial terms and with respect to time loss. When I put everything together, it just doesn’t make any sense for me. I will... — read more 

RTO, snackgate, and now tshirts!

It's interesting that as every other week RTO rolls out they also decide to reduce snacks and start letting groups know tshirts and sweatshirts are no longer allowed in office or zoom. And, yes, while the latter two are very first world problems, it... — read more 

Relocate or Quit!

Relocate or Quit: Fidelity Gives Some Employees Ultimatum "The firm in September will start requiring employees to work two weeks per month in the office. Employees must comply or "voluntarily resign," Fidelity employees told Ignites." (Taken from... — read more 

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| 1540 views | | 4 replies (last September 22, 2024)
Post ID: @OP+1ucn8wks

Agile Why?

Can someone explain why the whole company is still doing this "Agile" thing? I get that it has its place, but Agile everything?!?!?! CrAzY

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| 1340 views | | 11 replies (last September 6, 2024)
Post ID: @OP+1uco5dG0

Scrum Masters

Can someone explain to me how the scrum master role is an 8 hour a day gig???

If you work in technology, add your salaries to Levels.fyi

It takes a minute and you don't need to sign up. We need more data points here. It's useful information to help negotiate if you apply to new roles within the company. https://www.levels.fyi/companies/fidelity-investments/salaries

Full RTO

Do you guys think we will go to full time in office at some point? Might start thinking of getting a place closer to the office.

Being laid off should be considered a blessing

Being affected means that you are being paid to leave the toxic culture, awful corporate politics, constant reorganizations, general disorganization, and management that only knows how to bully its employees. Can somebody please explain to me how is... — read more 

Layoffs Today

Anyone know how many and what areas were impacted?

Pulse Survey

How long does it take all the empty suits to release survey results? Were the scores really that bad?

Non connect week requirements

It seems like a lot of groups are constantly forcing/strongly encouraging people to come in during non connect weeks for meetings, off sites, town halls, aligning with a business partner who has a different connect week, etc., but then they regularly... — read more 

LOA, Medication, Alcohol

Out of nowhere another teammate is going out on an LOA due to anxiety and stress. I was in the office last week and people opened up about the damage being done due to the pressure and toxic work environment. Soooo many people coping with anti... — read more 

If you are mandating RTO pay your employees more

Former employee here who just recently jumped ship due to the shaky RTO mandates. It’s totally unprofessional to keep people in the dark until you as a company finally work out what you want to do. Believe it or not, people aren’t just a number on a... — read more 

Connect week hours

How many hours do we have to be physically in the office each day during connect week?

Any updates on layoffs?

There's been rumors circulating for a while now about coming layoffs, supposedly happening in Sept at the latest. Any news?

I'll happily leave with severance

What does it say about Fidelity if I'm excited when I hear there will be more layoffs instead of being petrified that I might lose my job? Nothing good, that's for sure. I know I'm not the only one who feels this way. Things are so bad that layoffs... — read more 

More Layoffs

Two grade 7s in different BUs confirmed they’ve heard more chatter about new upcoming layoffs. Maybe due to the market drop or not as many people expected to quit in Sept/Oct due to strict new return to office rules? Anyone hear anything?

Pit of Misery

Earlier this year I had an interview for a role and had to go through a number of rounds of interviews meeting the team. Never have I met a more miserable and soulless group of people. I could tell by their questions and engagement that they didn’t... — read more 

Is Fidelity cycling employees?

I see many open positions. My company employees a larger number of employees and yet I do not see that many open positions. I know that Capital One cycles employees, the turnaround time is 1-2 years. I came across a technology position that I applied... — read more 

Moving Connect Week?

Has anyone had luck with moving the dates of their Connect Week? Can we request a different week?

Imagine

Imagine being so miserable that you want to force others to be in the office with you? How pathetic are you?

Abby’s heir

Who is Abby planning on taking over when she retires? Are they wfh friendly?

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| 2130 views | | 8 replies (last September 10, 2024)
Post ID: @OP+1tBdMAVv

Pulse Survey

Be very careful, they are not looking for feedback on dynamic working. They can track each survey under department and manager. Another layoff is planned and the priority is returning to work, not work from home. The bad apples will be marked. You... — read more 

wondering

is it abby or the grim reaper that's forcing these negative quality of life changes

Exceptions

Did i hear right that majority of people who got exceptions last year were denied this year? What were the reasons given? Reason given last year is no longer valid?

Pulse survey

Pulse survey is live guys, let’s light em up. 10 bucks say they censor actual feedback or don’t even acknowledge dynamic working or the layoffs.

Goldman Sachs

Hmm. Is Fidelity doing as well and will it share the wealth? https://www.theguardian.com/business/article/2024/jul/15/goldman-sachs-raises-banker-pay-bonuses-quarterly-profit-surge

Phishing emails

Is anyone getting an absurd amount of “phishing” emails recently? It doesn’t pop as a simulation when I report it. My theory is that fidelity is trying to get people to click on these to have a reason for firing for security breaches.

Incompetence is so draining

Any tips on how to handle the incompetence of colleagues? Meeting after meeting. Clearly outlined emails with the request. And yet still they manage to deliver the complete opposite of what was requested. How can I better detach myself from the... — read more 

Secret Retirement Package?

I learned of a guy with at least 25 years retiring a couple weeks ago. Perplexed me that he didn’t wait to see if there might be a VBO next year. Wondering if there’s some kind of retirement package that’s not publicized that the company makes... — read more 

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