The fact that no front-line rep managers have leaked what was told to them today really shows how gutless and spineless they are. It's an anonymous board!

https://www.wsj.com/articles/SB866583946137166500

Seems to me, there will be plenty of groups at risk of layoffs. Here is the rule of thumb: If you are an "I" consistently, then I would be concerned. PAS is getting hit. SPS will either support WMA, be a PS for 500K or more, or become CMR. PAS... — read more 

https://twitter.com/TheLayoff/status/884481756451287042

Let's take predictions on when the announcement will be? I'm going to say 11am

It's an hones question. This is nerve wracking and has forever changed my opinion about this once wonderful company.

Layoffs are always done on Tuesday, at the beginning of the quarter for accounting reasons. It wasn't done last week because of the holiday. The layoff rumors have been out there ever since the voluntary buyout was announced. A layoff always follows... — read more 

All I ever heard was how terrible a company Goldman was because they would just fire the bottom 10%. Now, I hear they are doing the same thing at Fidelity. I feel sick every time I go to work. Even if I don't get laid off - and I probably won't... — read more 

Restructuring from 7 markets to 3, eliminating BSMs, having regional area managers cover multiple branches, basically copying the Schwab model are all likely to come. DOL has been used as an excuse to pay reps less, making it much harder to sell Tier... — read more 

If I get a severance payment from Fidelity, can I still apply for Unemployment Benefits with the State? Any suggestion would be helpful.

Fidelity has become a company that has increasingly shown that the customer facing employees do not matter to them. The instructions when even dealing with customers who have a lot of money with them is to deal with them as quickly as possible so... — read more 

I initially rejected my buyout, but then my manager came back to me and strongly suggested I accept it. Thank your lucky starts for your manager, @OaJToxs-2nhn. Does anybody know if there is any chance the offers will be repeated to those who... — read more 

Management was specifically told NOT to give opinion to reps regarding the buyouts. In the brief on these, the instruction was to NOT sway someone towards or away the buyout. As with many of these comments, I think there is a great deal of... — read more 

Confirmed today by two different VPs in PI that layoffs are coming Tuesday, June 11th. I personally know two people that were affected. They were told of their layoff today (Friday, June 7th). The only reason that they were told today was because... — read more 

The original VBO was to begin with 50 yr olds. I have been told that the purge is on for Tuesday , July 11. The remaining poor souls will be shipped off to re-education camps to learn how to act like Millennials. Good luck.

Fidelity Investments was once the Mecca for IT and Investment professionals as well as the number one firm to set the standard for ethical business behavior. Once a family owned business has now become home to some of the worst HR backroom dealings... — read more 

Someone from HR has been riding around the Boston office dressed as Paul Revere yelling "The layoffs are coming." So these rumors must be true.

Many rumors circulating about Tuesday July 11th as of the day layoffs will happen. I believe there are Too many rumors circulating from people who have been told by directors or managers for this not to be true. heard anywhere from "I" performers... — read more 

Any updates here? I see thousands of views but not any updates on layoffs? I was let go last year and I check this page from time to time. I wish you all the best, and I really do hope that the latest rumors (I've heard this from two different... — read more 

Been told directly from a manager that 25% of employees are on the chopping block. No true rationale behind the move, and managers singling out employees they don't like woth an (I) rating. What a sh--ty firm to work for.

Many rumors circulating about Tuesday July 11th as of the day layoffs will happen. I believe there are Too many rumors circulating from people who have been told by directors or managers for this not to be true. heard anywhere from "I" performers... — read more 

That's what all folks are talking about - that number will be massive.

Anyone have any details on the ongoing layoffs? As of 6/6/17 I know of some in PI phones and finance. I'm hearing that more are coming as we go thru summer.

Is it possible that Fidelity will offer another buyout as more people reach the age of 55? I heard this was a one time thing for those that were offered it in 2017, but will they offer it to those that were just under the age limit in the future?

Classic fidelity... 3K folks out. If you are over 50, ask your self a question: Why dont they want me around. #AgeDiscrimination http://www.marketwatch.com/story/fidelity-offers-buyouts-to-3000-older-workers-2017-02-28

Not fire, but will lay you off in a heartbeat. Doesn't matter how well you do your job. All of a sudden you find out you are out of a job. It does seem like they bring in younger people and then the older people are at risk. It is a really good... — read more 

Any word on the reorg and planned layoffs (Grapevine, TX)?

Do you have any updates about potential cuts at the regional office in Covington? I know that 2014 was pretty tough but wanted to see if FI will be cutting people this year too. Kentucky layoffs seem to be picking up speed in January 2015.

The IT group is a joke, I would not be surprised if we let go 50% of staff there - nobody would notice

EOM

1,300 jobs were cut back in 2008 and 2009 - 2014 will be even worse, nobody had fun in 2013... Back in 2008 we cut around 3% of our workforce. Many cuts in Boston - both management positions and lower-level non mgmt jobs...

Fidelity Investments is one of the world's largest providers of mutual funds and financial services. Headquartered in Boston, the firm offers financial products and services to more than 20 million individuals and institutions through 5,000 financial... — read more