Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Enormous amount of stress

I have been working here for many years and so far this has never been a more stressful workplace. The amount of stress is almost unbearable and I've started thinking about quitting. Unfortunately, I don't believe that I could get an acceptable... — read more 

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| 3264 views | | 3 replies (last September 6, 2022)
Post ID: @OP+1i4gqlBq

Fido is a shell of what it used to be

Unfortunately, since I came here and until now, I can't recall anything that has been done to improve the situation here. Things are getting harder. Admittedly, I haven't been here for a long time. Those who have been here longer, what has changed... — read more 

It is shameful how some positions have been degraded

I remember how long my colleague tried to advance to a position that he eventually had to leave because of the enormous pressure he couldn't handle. And then what happened? Fidelity filled that position with an employee whose competencies are... — read more 

Should I Stay or Should I Go

I don't work there, but my money is there. After reading posts from employees, I'm questioning if it should be. The workforce there sounds discontent.

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| 2330 views | | 7 replies (last August 19, 2022)
Post ID: @OP+1hWcL0Sr

This is what's keeping employment steady at Fidelity

Fidelity manages its’ budget, in large part, to its forecast of the S&P for the coming year. Mixed in is the general level of interest rates as Fidelity (as with other financial firms) makes good coin in a rising interest rate environment. The... — read more 

Why is fidelity hiring so much

Other companies are laying off or pausing hiring, meanwhile fidelity is still hiring like crazy. Does Fid have an endless pile of cash or are they just going to do layoffs later? Also why are we hiring so much?? I don't think the growth is there

Has the 10 Grade system created a mess in Technology

I am in Fidelity India (technology) since 15 years. The 10 Fidelity grades were supposed to standardize the roles and movement, but their various levels of meaning and dilution in different locations have turned into a mess, especially in India. I... — read more 

Dynamic working

How is everyone’s manager handling the dynamic working? My manager keeps insisting there’s someone in the office all 5 days of the connect week so we have “representation”, which seems like pointless face time. We’re a small team, so essentially 1... — read more 

Breaking point

I am not at all proud to be one of those long-term sufferers here at Fido. The reason is that I know that there is no ideal company, and after many years here I am also feeling anxious about having to adapt again somewhere else. However, the stress... — read more 

Dealing with micromanagers

My impression is that the manager is probably trying to collect evidence for terminating me sometime in the future. How else to explain his actions - I have not experienced such micromanagement in almost eight years of working here, nor have I... — read more 

This paragraph describes so much of Fidelity

“ Simplicity of design sounds great in theory, but it might not win you many plaudits from your peers. A complex design means more teams to manage more parts of the system, more for the engineers to do, more meetings and planning sessions, maybe some... — read more 

Fidelity is sliding into mediocrity

Why does it even bother me that Fido is becoming an increasingly mediocre place? Maybe because I used to really like working here. What do you think is the current ratio between competent, capable employees and those who do not know how to do their... — read more 

Fidelity vs Roku

Looking right now... Have some good options, what do you think... I got 2 offers (Data Scientist), one from Fidelity, one from Roku. Both are in the same city (United States). Fidelity: Total comp: 250 k per year (Base: 180 k, Bonus: 70k) Roku:... — read more 

Former Fidelity Employee update

I left the company after 10 years. I'm still in financial services but for a different firm. Benefits aren't as good, but they are good enough. Life is way too short to deal with the INSANE politics within Fidelity. Things really started turning... — read more 

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| 3772 views | | 8 replies (last July 21, 2022)
Post ID: @OP+1hDgJNW1

Fidelity has forgotten one main thing

How you treat your employees, especially those who have been here the longest, will determine how well the company will do. If you treat us well and make sure we know we are respected, we will make sure to do our best to help the company prosper. If... — read more 

Clepto Currency

https://www.nbcnews.com/tech/crypto/crypto-regulation-faces-even-steeper-climb-supreme-court-epa-decision-rcna36059 Shocker, the court will be on Abby's side. Who knew?

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| 1580 views | | no replies yet
Post ID: @OP+1hvtVNj6

No rumors on layoffs?

I'm just checking to see if anyone has any info on layoffs. I would like to go on vacation without being in fear of losing my job soon.

Too much stress

It seems to me that Fido used to be a much more relaxed workplace. I’m not saying there was no stress, but now it's astronomically high. Am I exaggerating if I say that more than half of the employees here are facing a burnout? I was even... — read more 

Crypto + 401k = Crazy

Offering crypto in a 401k to people who don't even understanding mutual funds will make for a customer service nightmare. It will take patience that I know I don't have to try and explain crypto to our client base. WTF is Abby thinking? God help... — read more 

Investing a lot of effort

I really care about keeping the job here and do a lot of overtime, giving it my best. However, I get discouraged when they tell me it’s not worth it. I still refuse to believe it. It is impossible that putting in effort is not worth it.

The importance of experience

When I first started working here, I wanted to gain as much experience and knowledge as possible. I tried to learn from my colleagues at the time who were great experts who were much appreciated here. Now, after so many years here, the situation... — read more 

What makes you a prime candidate for promotion?

What are the most important things the management takes into account when they make the decision about promoting someone to a higher position? Everybody knows it’s not knowledge and a good work ethic

Good jobs with minimal stress

Someone mentioned that there are good jobs at Fidelity that require minimal effort and cause minimal stress. Could someone please enlighten me on what those jobs are? I know for sure that mine is not.

Inflation raises?

Supposedly fido is handing out “inflation” raises to those that ask. Is this true?

Fidelity is not woke. Why do so many insist that it is?

I don't really care either way, but why do some fear so much Fidelity is woke when it's not? They just do the standard diversity and inclusion stuff that big companies always do, and even that is done is pretty measured way.

Where are these ideal companies?

I’m not saying Fidelity doesn’t have a lot of issues. Still, we need to be fair and realistic. I've been looking for a better job for months and I can't find the ideal company that everyone is talking about... A friend and colleague who recently... — read more 

Nepotism creates an unhealthy work environment

The longer I work here, the more I see how growing nepotism is destroying culture here, demoralizing hard workers, motivating knowledgeable employees to leave, etc. Dealing with nepotism in the workplace is always tough. Perhaps someone has... — read more 

We can't carry all the load anymore

Now that another colleague has left, I also intend to submit my resignation. What's going on here? Fidelity thinks it makes perfect sense that those who stay will take over all the workload of those who leave. Well, that really doesn't make sense... — read more 

Fidelity will waste your time working here

I worked for this company for greater than 12 years.every year it was a song and dance to get a raise.they would cry poverty at year end.once they hired a motivational speaker from Indiana and gave her 10 thousand dollars for a speech, while they... — read more 

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