Topics regarding layoffs at Fidelity Investments

Topics regarding layoffs at Fidelity Investments

Huge loads for VPs

Fidelity is overworking their technical VPs. Stuck between sheett leadership and squads where good ICs are leaving for better opportunities. Ignore this group at your own risk. No added comp and all addl workloads. Seriously, f- this place. Time to... — read more 

Some folks are never happy

Things are good right now. There haven't been any major layoffs in a while, we're hiring which means that we are in a really good position financially, and still, we have people who keep complaining about this or that. If you're acting like this at a... — read more 

No, the culture here is not great

Fido keeps telling us all how great this place is, how lucky we are to be working here, and how we have this amazing culture that makes us a family when in truth, this is one of the most toxic cultures I've ever faced at work. No amount of your... — read more 

12k New Jobs??? Really. Who’s being pushed out.

Fidelity is hiring 12k new jobs….but who is being pushed out? Now that VBOs over. Who is being selectively pushed out? https://www.bloomberg.com/news/articles/2022-04-28/fidelity-to-create-12-000-jobs-building-on-its-hiring-spree

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| 2840 views | | 5 replies (last May 12, 2022)
Post ID: @OP+1gtPlY1S

VBO

I’ve heard rumors floating around VBO will be offered yearly beginning 2023. Has anyone else heard this?

Why aren't incompetent managers fired?

I thought this was a business? How can someone with GLARING issues not lose their position? The cost in wasted time, money, poorly managed projects, lowered morale is just staggering.

This topic is already worn out, but...

I'm debating whether to resign precisely because of RTO. Unfortunately, Fido is not interested in gas prices or how much more we will spend on gas coming to the office. But an even bigger problem is that it's pointless, because most people are more... — read more 

Ready for RTO?

Get ready. The Silent Generation and Boomer executives are ready to start herding associates back to mandatory days in the office, because that's the only way they know how to manage and enforce their command and control. A$$hats. All of them.

Fidelity Manager warnings

I am a VBO employee, but have a younger friend that was hired at Fidelity about 2 years ago- he moved to a branch role about 5 months ago.. He has a new boss that came from the outside, and has been giving written and verbal warnings to reps since... — read more 

Finding qualified workers

With all due respect, but it is difficult to understand how some new hires came to positions that were once held by top experts. Does Fido have a problem finding qualified workers or is quality no longer as important as it used to be? It seems to... — read more 

Offshore layoffs

Rumor mill says Fidelity to lay off workers in China and India due to those countries support of Russia. Expected to close some shops and concentrate remaining workers to single location.

So much hypocrisy at Fidelity

Managers want to be called leaders, but they're not leaders. My manager is a d-mb mba with no management experience and a coasting attitude.

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| 1573 views | | no replies yet
Post ID: @OP+1g6bJz6m

Who is hoping for layoffs?

It used to be that most people were anxious at every rumor about layoffs. Now it seems to me that most are hoping to be laid off.

Very cautious about expressing opinions

Here it seems best to always hold back your opinion. So that my superior would not accidentally think that I was disagreeing with him, I resort more and more to not expressing my opinion at all. Being too opinionated at Fido can mean the loss of a... — read more 

Fidelity donated to a corrupt enterprise

Fidelity showed up on the list of donors to the Violence in Boston. Their leader Monica Cannon-Grant is an openly racist bully who strong armed companies like Fidelity to contribute to her multi-million dollar organization that she used as her... — read more 

No D&I

Is Fidelity becoming single gender - men only company?

It's not worth it

The level of micromanagement at Fidelity is getting to a point where it's no longer worth it to go through the stress. I know this is not just my team, I've been hearing people throughout the company complain about this. I know how to do my job. I've... — read more 

Fido sinking?

Fidelity sinking? Hard to retain people? Why?

Is Abby Johnson the big foe against WFH?

I feel she is. She strikes me as a person stuck to traditions. Notice how her title is still "chairman." Does anyone want to go back to the office to deal with hour long commutes and the chance of bringing home the virus? A new variant is spreading... — read more 

Fido needs innovation

Yes, Fido needs innovation, but I wonder how much time will pass before the leadership realizes this. I believe that I will be long gone when the leadership finally decides to let in some fresh air. Isn't it high time for Fido to turn to the... — read more 

Mediocrity

I’m not saying I’m the best employee ever, but it’s noticeable that Fido is slowly becoming a place for mediocrity. There are more and more mediocrities here who could never get a job here in the past. What's the problem? It’s amazing to me that... — read more 

Outsourcing Responsibly

Based on India's government response to the Russian invasion, it would be nice to see Fidelity reconsider how many jobs we outsource to this... — read more 

Tenured VPFCs being targeted

Are any VPFCs noticing they or their peers are being targeted? It has long been known Fidelity has been trying to take out the Incumbents VPFCs. Especially, if they were 50+. Today though it seems they’ve moved on to all Large book VPFCs. Is this... — read more 

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| 3680 views | | 6 replies (last March 25, 2022)
Post ID: @OP+1fdeSW8u

When will next layoffs happen?

Fidelity keeps hiring, but at some point someone will realize they hired too many! When do you think the next round of layoffs might happen? I'm not talking about a few here and there, but enterprise-wide layoff? Also, with the voluntary retirement... — read more 

Tips for a newish business analyst?

BA here with about 2 years of experience. Feeling very lost about what direction my career should go. If you were me, what tips would you give? My goal is to work in product dev/technology. What certs should I get? Any advice welcome.

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| 1950 views | | 2 replies (last January 30, 2022)
Post ID: @OP+1eYtBzi0

The "New" Fidelity

Wow, someone who didn't like Haley chirped in this article https://www.wsj.com/articles/fidelity-once-stodgy-and-adrift-bets-on-the-reddit-crowd-11643125668

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| 2310 views | | 2 replies (last January 30, 2022)
Post ID: @OP+1eYS7ix3

Long successful career

Some have made enviable careers here, I know that, but I’m not sure if it’s still possible to grow a long successful career here? I have been here for five years and despite all my efforts I have not been able to make any career progress. I'm... — read more 

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| 2760 views | | 2 replies (last January 17, 2022)
Post ID: @OP+1eNesXLF

RTO

What do you hear about RTO?

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