Thread regarding Fidelity Investments layoffs

Thoughts on Employment Lawyer consultation

Anyone consulting or thinking of consulting legal counsel to review the separation agreement? Anyone already have done so and could share any potential areas of concern within the terms, etc?


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Post ID: @OP+1krkdv7pg

9 replies (most recent on top)

@eb well said! Some of these employment lawyers are turning into ambulance chasers quite quickly with all these public layoffs.

I think that your advice is great advice. because there ARE some cases that definitely would be worth it to look into, but the majority would be taken advantage of unfortunately.

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Post ID: @qf+1krkdv7pg

If you have questions, pay an employment lawyer for an hour or two to interpret It and read it back to you with a list of options. There may or may not be wiggle room for negotiation and only a lawyer in your state can help. Any lawyer willing to litigate out of the gate is a fraud. If there's a case, some lawyers are willing to take a chance on the outcome and work on a contingency basis.

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Post ID: @eb+1krkdv7pg

In the past for me it was well worth the cost every time I consulted with an employment lawyer. I got 3 additional months pay once by having a lawyer write a letter and do a small amount of back and forth with HR.

My friend got 2 years of his total comp by working with a lawyer when he was laid off after returning from leave.

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Post ID: @dk+1krkdv7pg

Don’t you think that Fidelity’s legal counsel has this pretty buttoned down?
Yes you’re pi---d, but channel the energy on your next career move instead of some revenge crusade that you will most definitely lose.

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Post ID: @cb+1krkdv7pg

what is the grounds for fighting? discrimination?

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Post ID: @c0+1krkdv7pg

already got an attorney, definitely fighting this, against these sc-mbags, whoever wants to go with me, lemme know

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Post ID: @at+1krkdv7pg

@a1 yes.. this is the harsh truth :( very common to have this verbiage stated in exit paperwork . Don’t waste your money on lawyers that take on cases like this. They are even greedier. It’s the devil you know vs the devil you don’t.

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Post ID: @aa+1krkdv7pg

If you're signing a contract, it's always worth reviewing it with a relevant (employment) attorney, especially if you're not familiar with legal terms/contracts. While you probably won't get extra money, you'll at least better understand your rights and obligations.

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Post ID: @a3+1krkdv7pg

My thoughts on that are that fidelity wrote the severance package with the best legal counsel money can buy. I think you’d be wasting money and time reviewing this with an employment attorney. They will probably suggest you could have a case getting one more month of pay or whatever but is it worth the hassle and cost?

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Post ID: @a1+1krkdv7pg

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