https://www.wsj.com/finance/investing/fidelity-investments-cuts-about-700-jobs-this-week-c76ed675

Can people comment on severance for different levels and tenure?

Fear Uncertainty Doubt over potentially losing their job will get employees into the office. Those scared enough will probably go into the office more often before Sept. Amazing what letting go of some employees does to gain back control. Leadership... — read more 

Anyone impacted yesterday?

All else equal, are salaries higher in Boston or Colorado? Is there any adjustment if moving from Colorado to Boston for the same role.

Fidelity’s answer to Silent Quitting must be Silent Firing? I lost my job yesterday and had less than a 0 inkling it was coming… In past roles I would always hear some rumor swirling around…but this time it was like an as-----n in the night. Oh and... — read more 

Just so I know for how long I should nurture my anxiety.

Post your business unit, location, and position title.

Got told my position will be eliminated come 3/31/2024 - Westlake - ECS Completely blindsided.

I’m getting about 2k per year worked being payed for 4.5 months starting April first. Our VP said this is the first bunch and they are looking to get to 14% layoffs

FI Compliance roles eliminated

Scrum master and coaches were impacted in United States. It was a significant hir

A handful of people, likely More let go in NJ today BUs include - cr risk and compliance

Just informed today that my position has been “eliminated”. It’s been a nice multi-decade run. Record profit last year and now…. I remember when it was a family company where people were “known”. Now, you’re a number.

I am stunned…. Just got axed here in Boston, along with several other employees here.

We are shocked that we have been axed today in NC. How many affected in the US?

This company is so scatterbrained and one of the most poorly organized corporations I've been with. Just all over the place with their policies and everyone gives you a different answer. Plus the tech is garbage. No, I dont want to have to learn/use... — read more 

Our cousins across the ponds are RIFing: https://www.reuters.com/markets/fidelity-international-cut-1000-jobs-globally-memo-shows-2024-03-06/

Most categories went down again, and the survey closed BEFORE they announced requiring 2 weeks back in office. Imagine how much worse it would have been if the survey was open during that little detail. Dynamic weeks and pay are 2 of the 3 categories... — read more 

I’ve been quite stressed about it. Not the best time to look for another job.

Jesus Christ. I work on the side of fidelity that handles all of the managed account stuff and it’s a mess. Introduced all these half-baked systems for providing recommendations that provide more errors than results. Most of our FCs are just sales... — read more 

Ok, let’s start the rumor mill for VBO 2025.

If it’s true about tomorrow. Pls post, guys.

If you are currently considering jumping ship but are still on the fence, do it! I left three months ago and it absolutely changed my life. I finally know once again what it feels like to work in a company with a good culture where you are not... — read more 

I heard from a reliable source we are seeing 5%-10% workforce reduction at these two sites by the end of Q1/start of Q2. Can anyone confirm?

Guess Fidelity wants to cover up the unfair hiring practice that’s been growing every year. Class action discrimination lawsuit coming soon. Wait for it and then reach out to law firm in message.

I’ve heard from multiple people directly, above Director level, that some BUs are bracing for layoffs and NOT a VBO announcement. In the current climate with so many other shops cutting staff, they don’t think negative press will register. Anyone... — read more 

Good Pay around 110k to 120k with 4 YoE + Perks.

With all the silent layoffs/attrition tactics deployed, I am done. Work conditions became unbearable. At the end of the day, I have to let them win, because my health and my future are much more important to me than this job, or god forbid, this... — read more 

This is textbook silent lay offs right? Push off promotions, change metrics/move goalposts, increase time in office, hard to get PTO approved. They can’t mess with their precious Glassdoor and LinkedIn ratings so instead of laying ppl off jus make... — read more 

In Jan 2024 joined Fidelity Investment - Boston as Devops Engineer ! (International Student ) - Should I worry about the layoff that is happening now. How stable is Fidelity Investments for Devops?? Truthful comments please