Thread regarding Fidelity Investments layoffs

Reading a ghosting post made me wonder, why did Fidelity ghost me?

I read a post about new hires getting pushed back, and it sprouted a question from when I was interviewed by Fidelity. I was laid off x amount of years ago, and had an interview with a job at Fidelity that got cancelled shortly after I interviewed. I was just wondering what that could be.

A few months after I was laid off from Fidelity, I was given another interview with the firm. It was in the product area I got laid off from. When I interviewed, I was able to articulate my work at Fidelity prior to my layoff very well. I got a vast majority of the interview questions correct, and showed a very agreeable attitude and ability to jive with the team. I think they appreciated my curiosity for the work the team does, as well as me asking some questions about how our team provides that value. It felt like we really liked each other: the interviewers and manager were smiling and joking with me in the call, too. All while keeping everything professional. The feedback even said I did really well, but was constructive in 1 or 2 places I agreed with.

It looked like a potentially perfect fit. After the interview, I felt as if I KNEW I got the role. However, apparently, there ended up being a new manager who “repurposed the requisition” (I believe the new manager wanted someone more senior level). The recruiter provided reasonable constructive feedback to me, and said “yo let’s call again this week to look at other roles”. I never heard from that recruiter again.

The impact of a layoff seems to depend on the person. For most of us (including me), it’s he-l. It already su-ks when a company pulls a job you just interviewed for. I can’t calculate what exponent the su-kiness factor is multiplied by when the company that laid you off in the first place is the one pulling it after an interview. I asked Fidelity HR about it once. From what Fidelity HR told me, I’m in good standing with the company. Although I realized that maybe Fidelity had something about me or my performance that they aren’t showing to me since I’m out of the company, my layoff status still had nothing performance related. So… idk why I never got a response back.

Have I moved on from it? Well, I’m here talking about it on a public forum, asking what possibly made this happen, so you tell me if I got closure. At least I’m in a place much better for me now, and it’s all love from me with (most of) the people who work there. I have no regrets working at Fidelity and I think being laid off made me a better person, and led me to where I am today. Again, a layoff’s impact on someone is purely individual.

Bringing up the title of this post, without giving too much of my identity, what is the reason behind something like this? I was viewed as an easy pickup who knew the product area already, had natural chemistry with team members, and could have been an immediate positive impact on not only my own work, but helping other people right from day 1. And it gets pulled out of nowhere. Made no sense to me. On top of that, why’d the recruiter ghost me? HR said straight up there’s nothing bad on my record, so I was fumbling around trying to figure out if I offended anybody.

If anyone could give me a comprehensive list of possibilities as to why I was ghosted or why this happened, I would really appreciate it. Thank you, happy holidays!


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| 1253 views | | 7 replies (last December 8) | Reply
Post ID: @OP+1kbxd1gyd

7 replies (most recent on top)

OP here, responding to everybody who responded so far.

•yeah, I see the top wanting more money for themselves

•there’s a LOT of white dudes who work at Fidelity, at least back when I was there. Even with DEI in place.

@aa+1kbxd1gyd thank you so much for your post. The next bullet point also responds to some of what you said. I got reorged to a manager just a few months before I got axed, so they didn't really know me. I wasn't EP, and I’m pretty sure any competent manager wouldn’t give up an EP performer just because they’re barely known. Granted, it’s Fidelity and we have people here complaining about how they’re EP this year and still aren’t getting their fair share (no pun intended). I wasn’t EP. My manager was on personal leave for a couple of months (even when the layoff took place), and came back on my second to last day. So, there was even littler time to build connection. I think a manager probably had to put in a list of who to select if someone needs to get laid off before I got laid off. Since my manager wasn't around for a while, I don't even know if they were the one making the choices. Has colocation been pushed to the max prior to the great RTO? For a while, I was the only person on my team working in my location. By the last 6 months of my tenure, I was the only person in my CHAPTER in my office location. Adding it up, it comes down to a perfect storm.

•You really just have to be a strategic networker anywhere, and Fidelity highlights that. That’s what I learned from Fidelity, and is a skill I took to my new company. It’s working wonders for me, especially since people at my new company hear about me from the work I put in over there. I used to doubt myself all the time at Fidelity, but I definitely perform better at this new place than I did at Fidelity. Some Fidelity zombies might say “well maybe you just needed more coworkers in your office to work together with!!”, buddy, my coworkers and I are 100% remote. Even if Fidelity offered remote work, I decided I’m not going back. I used to think I could use Fidelity for contract work in a pinch, but now I’m more comfortable without it, respectfully. I've met some of the best people I ever met in the firm. But the mean, indirect, phony, people there helped me move on from Fidelity. You experience this in every workplace, but at least when you were remote, you aren't often pestered with fake smiles. I also don't want to see people who claim to work at Fidelity on this site being mean. Trolls like @b9+1kbxd1gyd are a good example. I still have friends from Fidelity, and would happily refer talent to the firm. I realized who my friends from there are. I'm not interested in office politic chess, so I realized I'm done with Fidelity.

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Post ID: @ea+1kbxd1gyd

What a long read🤔
Could it be the reason???

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Post ID: @b9+1kbxd1gyd

SVP's relatives are all across the workplace. Try to get acquainted with the SVP's they will recruit you immediately

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Post ID: @ar+1kbxd1gyd

White male, Yes that’s what this company is filled with. There is No diversity, talented colored folks and new hires are put in bottom of the queue and mgmt promotes and grooms white people to top the ladder. Fido step out of your bubble and see how innovation is shaping America and World.

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Post ID: @ak+1kbxd1gyd

If you were laid off, you were already out of favor with your original manager at the time - my money is on him/her, and the fact that you were ghosted simply means that that person didn't have the courage/verticality to say it out loud (because it probably wasn't a good reason). People must have reached out to him/her after your first interview, and then they clammed up. Had you been hired, it would have meant a huge loss of face for your manager that had let you go, and that is unacceptable in today's corporate world. As others have said, it is best you moved on, do not doubt yourself or your abilities, but know who your friends are.

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Post ID: @aa+1kbxd1gyd

Although you didn’t say, if you are a white male you have little chance of getting hired on as I suspect the preferential treatment goes to skirts, non whites and the alphabet of weird identities. The fake management and HR head nods are part of the game…a simple display of arrogance. Move on from Fidelity it is not what is use to be. Read through many of the posts here - staff appear miserable with management in question.

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Post ID: @a4+1kbxd1gyd

They needed to pad Abby’s fat bank account with more money

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Post ID: @a1+1kbxd1gyd

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