How many people got impacted? What positions specifically got impacted in each BU? Any interesting people get laid off today?
I apologize to anyone dealing with the lay off. Both the website and dealing with being laid off. It’s one of the roughest experiences I’ve ever been through myself. But you will make it.
And if Fidelity is reading this, I will pay you to find whoever keeps making the Boston devops posts and take away their phone.
1209 were let go. Ik because I had to add restrictions to their accounts
A grade 8 and a grade 7 were laid off on my team. It’s not a tech area, it’s a shared resource area that supports multiple BUs. HR I guess considered their work not essential. A grade 9 was also eliminated, and some other changes that make no sense to me. People’s jobs changed too in ways they wouldn’t have chosen.
I think if you’re seeing a lot of younger people laid off, in part it’s to balance out the people over 40 (protected class) who were selected.
@as as others posted: scrum, chapter, and squad. Tech delivery within the agile model added hands off keyboard people and some of this effort is to get those hands back on keyboards. It also created a lot of unnecessary hoarding of resources and our pivot and redeployment capabilities were non-existent. Again, I am not agreeing or justifying. But I also think it’s always important to consider the larger sea change. For months SLs and CLs have heard that changes were coming and we were VERY aware we would be targeted. I think there was some question about whether GSLs or squad leads would be hit hardest, but in the end a lot of it was focused on how the “two in a box” model will be executed and which roles will lean tech and delivery and which will be business and strategy. SLs leading small teams were at risk because of the broader strategic expectations on product owners and those on platform and data teams were likely eliminated because those initiatives will now be the purview of technology.
around 20-25K of associates fall in agile, engineering, delivery,tech,product,squad type roles. So, 1K from 20K is 5%.
APS/XTRAC in Salt Lake City laid off a handful of tech roles, L6-L7. FAE lost some L7 too.
SM, SL and CL. News says layoff is 1% - around 800 to 1000 not 5%
@ar what were the 3 specific roles? Scrum masters and SLs?
While I completely agree with the sentiments of frustration and the absurdity of laying off good performance, solid people, I also know first hand that this layoff was about alignment to the coming op model. It was no secret to anyone watching things unfold that three specific roles were created for agile. Today, those three roles were largely eliminated. Because agile has been eliminated. As someone in one of those roles, I came in today completely prepared for that outcome. Not because I’m not a stellar performer, but because a year after this happened in PI, I was still a sitting duck. Chapter leader losses hurt because they are valuable and important people managers. But SL and GSl roles are going to become PO and PM roles and the org changes won’t support a million leaders over broader initiatives. As SLs, we weren’t unaware of this. We just HOPED we wouldn’t be impacted.
@af then I guess people above this person were threatened and the good old politicking took place to remove a competent threat.
@aa yes he was a chapter lead, and phenomenal at that. We are all stunned. Speechless. This layoff spree makes no sense, seems like it’s complete bullsh-t. I feel so sorry for him.
So far mostly folks from agile, scrum masters, product/squad/ group squad lead, and tech/chapter / group chapter lead, individual contributor VPs. Lot of L7+ leaders are hit.
around 4 to 5 % across the firm.
@a4 Chapter leader?
https://www.bostonglobe.com/2026/05/07/business/fidelity-hiring-spree-job-cuts-return-to-office/
I found out that my manager is getting laid off, he was a critical member of the team and we relied heavily on him, I was absolutely stunned when I found out that he was getting laid off. This layoff is definitely not performance based