To have a modern workforce, nimble, ready to work at anytime and anywhere, and now they return us to our father’s old fashioned office drudgery. We aren’t “liberated” we’re back to being pawns and cogs whatever you want to call it! All that... — read more
FCAT
Is FCAT impacted? Are tech teams in Boston impacted?
Earlier post brings up vesting
Do you think we’re more of a target for a layoff if we’re under five years? When u got hired it was a big deal Fidelity wanted us to stay on and it seemed they wanted us happy now I’m worried since I’m just a year a way from fully vested.
At least the severance is still decent for now
I keep thinking the day is coming (probably sooner rather than later) when they’ll cut that too, and layoffs will become ten times harder on people. Finding a new job already isn’t easy in this market, but having a solid safety net while you search... — read more
FILI
Does anyone know whether FILI was renamed recently?
Delivery Owner?
Who now truly owns delivery if scrum masters, squad leads, and coordination layers are reduced?
Which roles are being removed: Agile roles, middle managers, product roles, contractors, senior ICs?
FAANG-style Org Change
This is how I am understanding it: much larger teams with fewer leaders mgrs w/ more direct reports Scrum master, Agile coach, program, project, and squad-lead roles being reduced More expectation that engineers and ICs manage execution... — read more
"Over for now" & "Nothing planned"
Do they really thing they are reassuring anyone when they say: "Over for now" & "Nothing planned"... Anyone who has an option should consider this as a clear sign about what to do. This fuzziness, double speak and silence from executives creates... — read more
Next year RIF target will be Software and QA Engineers after Github Copilot Adoption
You can run, you can hide, but you cannot escape ... AI will first eat Software Engineer or QA Engineer roles. Next year RIF target will be Software Engineers especially order taking coders without business domain expertise. Grade 3,4,5 would be... — read more
Here is to find real number
@bc There is a docu-sign package with multiple pdfs where associate who is impacted have to sign. This is an agreement terms and conditions to get the severance pay and benefits. Like I will keep things confidential, I won't go to media, court etc... — read more
Wait for the Hantavirus comes to the US
Abby will be begging people to work from home. If you think this isn’t a possibility for another pandemic get yourself educated
Leap Systems Analysts, QA, etc..
Does this truly surprise any of you? By the time we joined our assigned teams, existing systems Analysts and QA were on their way out the door with a buyout. That was the first of many red flags. We remained categorized in who’s who as systems... — read more
Shares
What happens to your shares if you get laid off? Do they pay you or not?
Anyone from Talentsource laid off
Did anyone from Talensource get let go?
Size of the list
If you’re over 40 and you were affected, you will be receiving a list of those included in the layoff and a list of those not laid off. Not with names, but with titles and characteristics. It would be interesting to hear how many associates are on... — read more
Always be prepared
It really doesn't matter when the next round is going to happen. How many times have we already experienced layoffs being dropped on us without any communication or warning that they might happen? Leadership has proven to us many times over the past... — read more
This isn't temporary
People keep saying the cuts are done or will end soon. I've been here long enough to know they won't. This is just how we operate now.
Any G8 who were force to take a pay cut to G7?
Heard some G8 were force to take a pay cut and become G7 and if they didn't accept those terms. They're gone and would not even get the severance package.
did “agile coaches” know about this ahead of time, strategically speaking?
We were first introduced to these ‘traveling’ resources when the Spotify model rolled through. Are they the ones leading the “next re-org” too? If not, were any of them impacted in this? Or are they the ones pushing the enablement lead lingo…
I feel like the work life balance has completely
Been nixed here. They are so much into push push push never fast enough do more do more have less time to breathe. It’s awful lately I had great expectations for this career and each year gets more grueling and demoralizing. Add the RTO FT and... — read more
Any tech got layoff or just SM / leaders
Curious to know if the developers / QAs are layoff in this wave. So far I hear Scrum masters and leaders from the unit.
If they're going to keep doing stuff like this to us they should let us smoke again
I can survive wave after wave of layoffs, RTOs, and offshoring to India as long as they let me rip darts on the front steps again
How can a Fidelity Alumni help?
Software engineer laid off some years ago from the firm. I know what it’s like to be laid off, and have interest in offering help to people in my field. I would like to volunteer my contact info for anyone impacted. For obvious reasons, I feel... — read more
Getting cut happens
But being treated like a human being instead of a soulless number throughout the process shouldn’t be optional.
Why do I have this annoying feeling there'll be more cuts next week?
Despite everything they say, I can't take it for granted that it's done.
PTO
Does PTO get paid out with severance?
Media Coverage
========= News Articles Fidelity Investments to cut around 1,000 jobs as it revamps technology operating model Fidelity is restructuring its global technology and product teams to support a new delivery model, resulting in a 1% workforce... — read more
What's in store for QAs?
What do you predict/anticipate?
I miss the days when layoffs surprised us
I know that probably sounds strange, but when layoffs actually surprised people, it meant they happened rarely enough that nobody was constantly expecting them. These days, layoffs feel so normal that there’s barely even shock anymore. We’re always... — read more
https://x.com/TheLayoff/status/2052177259910606983
https://x.com/TheLayoff/status/2052177259910606983
What's our current employee count?
That's it, that's the question. Not sure where to look.
Is the layoff wave actually over?
I am so confused and anxious... Is this layoff wave actually over? I went through every single thread and what I am seeing is conflicting. People around me including my manager are clueless, rumors and guessing. Here I see that some posters say all... — read more
The layoff: My two cents
This has left a bad taste in my mouth for Fidelity. I got laid off yesterday, I'm a scrum master in Brokerage, L5. It makes sense to me that I was let go because I was one of the only two scrum masters in my chapter that were L5, nonetheless it was... — read more
The complete lack of communication is just cruel
It makes everything so much more stressful. Not that I expected them to care, but still.
How will I know if I am laid off or not?
How much time before will I get meeting invitation? From whom will I get the invitation? Will I loose access to teams and email instantly? Any insights on how should I predict I will be laid off with near 90% accuracy.
401K Vesting
do you think we should get fully vested in a layoff situation? I only have a few months left until my 5-year anniversary, and I see that only 60% of it is vested