Thread regarding Fidelity Investments layoffs

It is a business decision towards strategically align our model with the global shift towards AI

So the way script goes is,

It has been strategically decided that your position is being eliminated with broader interest towards shift in technology and geo political landscape.

the decision does not reflect your ability to fully function as an associate and the decision is strictly driven based on parameters beyond the control of global market shift.

You will be notified separately on how your shares, 401k will be vested.

We thank you for your contribution and all the best in your journey .


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| 23 views | | 17 replies (last May 6) | Reply
Post ID: @OP+1kqyt8h8k

17 replies (most recent on top)

None of the changes have anything to do with AI. Literally none, we are not seeing any value from it, not enough to actually fire people. It's just the d-mb Spotify agile model.

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Post ID: @b7+1kqyt8h8k

@ag assume they mean war, oil price impacts

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Post ID: @ah+1kqyt8h8k

Why "geo-political" is there? Hasn't Dalian already been dealt with?

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Post ID: @ag+1kqyt8h8k

Total BS

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Post ID: @af+1kqyt8h8k

@ab if it seems like written by 8 y/o then it makes sense

The IQ majority of people manager in this firm have matches that

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Post ID: @ac+1kqyt8h8k

Baloney. That “statement” reads like something written by an eight year old.

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Post ID: @ab+1kqyt8h8k

Ok, I don’t believe anything on this forum anymore. Some of you are agents of chaos. Maybe you get a kick out of others misery.

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Post ID: @aa+1kqyt8h8k

So they’d rather use AI nonsense instead of the power of the human mind. Wow! How insulting and disgusting.

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Post ID: @a9+1kqyt8h8k

What a thoughtful and well-written script, curated by co-pilot no doubt. (Insert eye roll)

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Post ID: @a8+1kqyt8h8k

@a3 i thought the number was closer to 2000

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Post ID: @a7+1kqyt8h8k

@a2 Would you be willing to share if there’s any pattern to the associates chosen for layoff? Are they paid more than other, EP, IP, locations, etc.

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Post ID: @a6+1kqyt8h8k

I could see them pulling the AI thing. They have been doing so many insane random AI pushes all of 2026. My BU we are asked to come up with AI success stories to share every week.

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Post ID: @a5+1kqyt8h8k

guys are you 100% serious ? is this true?

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Post ID: @a4+1kqyt8h8k

Is that the actual script they're using? There's so much noise right now regarding the numbers—I've seen everything from 2,800 to 4,000. Has anything actually been confirmed yet?

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Post ID: @a3+1kqyt8h8k

@a1 OP here
this is what i was communicated to tell my impacted associates tomorrow

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Post ID: @a2+1kqyt8h8k

Ai takes tons of money and maintenance. Babysitting really.

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Post ID: @a1+1kqyt8h8k

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