Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Madoff net flicks

Pay close attention to the series. Actually really interesting.

Promoted but not satisfied

I worked very hard to be promoted and I finally got the promotion. But now, when I compare how my much responsibilities have grown and how much of a salary increase I received, I wonder if it was all worth the effort. Anyone else dissatisfied after... — read more 

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| 3030 views | | 5 replies (last January 11, 2023)
Post ID: @OP+1kyWBSTe

New year is going to hurt

Five days a month, minimal raises, low pay, bloated company, internal fighting, and some future announcements. Start applying, there’s a reason why there’s so many overworked managers. I can’t say too much but I’ll answer questions that are public... — read more 

Fidelity Politics

I’ve been here since the start of covid in the Spring of 2020. It feels to me like there are a lot of politics with this company. How do I get ahead if my manager is mediocre and doesn’t like me? What can I do? It’s even more difficult because I... — read more 

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| 2471 views | | 2 replies (last December 22, 2022)
Post ID: @OP+1kjXbII9

COLA increase.

Did everyone get a COLA increase this year? If so, why it wasn’t communicated as such?

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| 2391 views | | 5 replies (last February 10, 2023)
Post ID: @OP+1kjRszlK

Finra 50% rule

Is there still a finra rule that requires licensed reps to be in the office 50% of the time? Or was that BS? My manager is telling me we are going to most likely be allowed to work from home 1 day a week moving forward. Anyone else hear anything... — read more 

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| 2381 views | | 3 replies (last December 25, 2022)
Post ID: @OP+1kgc0wke

Vbo 2023

Odds on VBO in 2023? Seems like alot are ready and wont leave without the incentive

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| 7992 views | | 9 replies (last December 29, 2022)
Post ID: @OP+1kfgOijv

2 Weeks is coming

It's already been mentioned in the last Roger meeting that the plan is to ramp up to two connect weeks so brace yourselves!

So does Fidelity not do merit increases?

New ish to the firm, just had my first year-end pay discussion. Talked about the bonus which I expected to discuss with how much they drive it home, what during my interviews and onboarding and even lately during YE performance reviews. What I did... — read more 

Abby stole my lunch money

And now, our $10 of dining credit goes away. Really nailing the re-entry program. Are they going to start charging for parking next? Pay toilets?

Reasons to stay here?

The more I work, the more work they add to my plate. Expectations from employees are very unrealistic and there is too much stress. What frustrates me the most is that bosses try to minimize employees' efforts and devalue them. It surprises me that... — read more 

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| 2706 views | | 2 replies (last November 28, 2022)
Post ID: @OP+1jSBQigi

Your manager is your ticket to promotion

Well if you were to get a promotion now, your manager can't tell you yet. They probably don't have it confirmed anyway. And..now is not the time to confront at your manager. The time to lay the groundwork is April-Sep. I am sure it felt great ... — read more 

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| 2301 views | | 3 replies (last December 3, 2022)
Post ID: @OP+1jRxEsB9

Fido needs to reward hard work

I've been here long enough to notice that those who are good at their jobs and who work very hard often don't get promoted, not even those who have superb interpersonal skills. This way Fido sends message that being good at what you do is not... — read more 

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| 2521 views | | 4 replies (last December 3, 2022)
Post ID: @OP+1jOIXqtO

5 day connect weeks?

I know Abby said something about upping the connect week requirement to 5 days (from 3) starting next year. Why hasn't the company addressed this in any other communications or updated the policy page? This is a non-trivial change and people will... — read more 

Layoffs? What have you heard?

I work at the phone site and I moved 2 hours away from the office when covid hit. I’m worried about having to go in to the office everyday instead of being able to WFH. Any chance there are layoffs coming or I can choose to be laid off instead of... — read more 

No Year end bonus or profit sharing

I have a friend I trust a lot who is very high up in the ranks of fidelity. She told me there is no year end bonus or profit sharing plan for this year. What have you heard?

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| 5481 views | | 28 replies (last December 15, 2022)
Post ID: @OP+1ju6M2Sy

Cookie Cutter

Everything Fidelity does is cookie cutter. The financial advice, the financial plans and products, the bs lip service from mediocre managers. The only good thing about that place is the profit sharing plan and 401k match. Btw they are getting sued... — read more 

Abby = out of touch heiress

Why is she forcing us back into office during soaring inflation especially with regard to fuel costs? Even typically greedy Jeff Bezos at Amazon has said WFH will be permanent for foreseeable future. Yuck.

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| 2371 views | | 3 replies (last October 20, 2022)
Post ID: @OP+1jhjtOXW

There is a life outside Fido, but...

Of course there is life outside Fido, but is it really true that the grass is so much greener there than it is here? I have friends in some competing companies who also tell me about the toxic atmosphere, treating employees as numbers and... — read more 

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| 2951 views | | 5 replies (last October 15, 2022)
Post ID: @OP+1j3ChkHo

Trying to keep a job

I don't know any other way for employees to try to keep their job, except to give their best, add value and be maximally engaged. However, we all know that this does not mean anything at Fido anymore, because even the best ones who we thought would... — read more 

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| 2620 views | | 3 replies (last September 30, 2022)
Post ID: @OP+1iXyneSu

Fidelity’s Values

We have seen a significant correction in the market and we are headed deeper into a recession. That being said, where does Abby now stand with woke work politics? Is there still an emphasis on hiring minorities and women over more qualified... — read more 

Nobody wants RTO

Management needs to wake up and realize that we are not interested in long expensive commutes to find an empty office. Actually it’s depressing walking into an empty office and feeling like you have wasted your time and money commuting to the office... — read more 

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| 2421 views | | 2 replies (last September 30, 2022)
Post ID: @OP+1iW0qDPX

They always want more

This has become unbearable. When will our superiors learn when enough is enough? They are overwhelming employees with so much work, my colleagues are starting to accept lower paying jobs just because they can't stand such pace of work anymore.

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| 2912 views | | 13 replies (last September 21, 2022)
Post ID: @OP+1iD4jXcH

Retiring

Don’t think I can wait for another VBO. I’m crazy for not taking it last year. Meeting with HR to talk discuss retirement. Does anyone know if retirees get any payout other than bonus and pro-rates shares. Someone mentioned a retirement payout, but I... — read more 

PAC

I feel pressured to contribute to the PAC even though I don't agree with the majority of the politicians that Fidelity supports. I would rather see Fidelity drop the PAC like Schwab did. https://www.aboutschwab.com/schwab-to-discontinue-its-PAC

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| 2081 views | | 3 replies (last August 24, 2022)
Post ID: @OP+1ihxEKun

Quiet Quitting

Let’s face it, the work ethic has changed with younger generation coming into the workforce (rightfully so). Us older workers really should not try to pick up the slack and add to our stress level. I recommend we start “quiet quitting” to reduce our... — read more 

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| 3942 views | | 12 replies (last September 28, 2022)
Post ID: @OP+1id8GizP

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