Fidelity trying to downsize the tech team like devops , and other tech team - is it True ?

What’s the 411 on some big announcement of having to go back two weeks a month in September?

Fidelity is encouraging attrition first on its older workers. Smaller raises, smaller bonuses, no promotions, unwanted movement within the company as well as transfers. If that doesn’t work, then possibly a VBO.

You go woke and then go broke? Isn’t that Abby’s biggest fear of hearing from clients? Those digitally affluent segment of clients knowing the deep dark secrets of targeting DEI because that’s what the next generation wants to hear. That those with... — read more 

I asked around. As of now, no changes are planned to change the food menus. Old white guys will disproportionately take the VBO. No plans to remove roast beef or potatoes from the menu selections. My prediction: No VBO in the works

My SVP confirmed the official announcement is slated this month. Will impact all BUs taking part in connect weeks. No anticipated additional changes after this- intention is to remove the uncertainty around the future of dynamic working.

VBO will be out shortly but won’t be so voluntary. Rumors site those who pass on the offer would receive a lower VBO next time around.

Why is nobody talking about why Joanna was fired? Hand in her two weeks to leave gracefully? No way she walks out on her own and takes that personal PR career ending hit. It can’t be just poor business performance or the excuse that her mission was... — read more 

Does anyone know when we can expect an update to the connect week requirements for March and beyond?

Phil, David, Joanna, Ram… how many PI executives have been shown the door in the last few months? Usually it a sign of a much larger shoe to drop. Please comment on a executive I missed.

Use your 600 characters wisely

They threatened to add me to a naughty list and really did... You can read here in past posts. The worse and absurd, they still offer me a job every week while give me bad reputation to jobs that I really want. I will never be back no matter how... — read more 

In the tech world, some older folks think young employees are gunning for promotions faster, but that's not really the deal. They're just comparing themselves with peers in different units and locations doing the same job. Job titles and roles just... — read more 

So many rumors; sure hope they are true.

...And succumbed to the DEI crowd. Wendy John's exit was a perfect opportunity to scuttle the appaling DEI anti-meritocratic influences. Instead, they made promises to backfill her role and she will be instrumental in the selection of the... — read more 

I work for another firm, but why am I seeing dozens and dozens of LinkedIn posts from Fidelity associates: "I'm happy to share I'm starting a new position as XXXXXX at Fidelity Investments!"?? Does everyone get a promotion on Jan 1?

Does anyone sense there is a major reorganization on the horizon? Seems like quite a few are going on sabbatical and returning later in the year.

If the VBO comes around, how many people will take it just to show them up? Many people, like me, do all the work. VBO me, and it comes down around their ears. They'll be begging for me to come back. I'll get the VBO plus a raise and promotion... — read more 

What are you hearing about what will happen with Dynamic work requirements after February? Required time in office calendar isn't updated past then.

Here’s why return-to-office mandates might start to disappear in 2024 https://www.thestreet.com/employment/heres-why-return-to-office-mandates-might-start-to-disappear-in-2024

I’m hearing more and more that a VBO communication will come out in March. And rumors of it being complicated and tiered. If you don’t qualify immediately, you can agree to accept it in two years or something like that. Anyone think that’s a... — read more 

Hey, Does anyone have the memo of Wendy John being out?? Seems like the same as Amy.

An email came out that Joanna is leaving Fidelity as PI’s president effective 12.31.23. That’s a short tenure as she started just 2 years ago. Some have said that’s the shortest time they remember from a President or EVP. Have any of you heard why?... — read more 

And what causes that if so?

Does anyone think it’s coming? I don’t have my hopes up, but I’m wondering if they’ll do anything.

Let’s be honest, none of us would be here if we just received base salary. Big part of our compensation package is bonus, so when we keep hearing Fidelity is have one great year after another, but the bonus pool is never fully funded, it would be... — read more 

With the layoffs at Citi and Schwab I am once again thankful I work at Fidelity. While it happens they are small and rare.

I am supposedly stuck in pause for a position due to the reorg. I have been told that my official offer is coming - they are no longer interviewing for the req - but they are "sorting out" the reorg stuff. My team is moving BU's. My position is a... — read more 

Heard from two reliable sources that the funding level for the bonus pool will be a lot lower than the past 5+ years and that some BU’s in FI will not be happy. Really not happy. Anyone hear anything like that? Also I keep hearing rumors of layoffs... — read more 

Recession is looming in 2024 . Are there chances of layoff ?

Keeping Fidelity afloat. The younger workers are so unreliable that I hear VBO is canceled. The young workers just want handouts and instant promotions.

The anticipation is ki-ling me, so I had to find out if a VBO is going to happen in 2024. I networked and contacted a guy. He got me in touch with another guy. We had lunch and his girlfriend, a lawyer, joined us. She works with some people and... — read more 

I’ve been hearing rumors that there is a hiring freeze in PI. Supposedly this is due to the reorg. Can anyone confirm?

trust me on this one

It's happening. Insider scoop right here

I was Facebooking the other day. I communicated via Facebook Messenger to a college buddy who is looped in. He is great buds with the manager of the cleaning staff and cafeteria workers. He usually has all the information fast and factually. No... — read more