Thread regarding Fidelity Investments layoffs

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 even the layoffs small in number are devastating. I don’t think I can keep up this pace.


by
| 46 views | | 19 replies (last May 9) | Reply
Post ID: @OP+1kr4pv6fx

19 replies (most recent on top)

The more you do, the more work you get. Working extra hours for no pay just ramps up expectations. I’m 8-5, doing my work with quality at a reasonable pace. I’m not rushing sh*t or staying one minute late. See Abby? Employees can be petty too.

by
| | Reply
Post ID: @ea+1kr4pv6fx

@dn excellent points and post!

by
| | Reply
Post ID: @dv+1kr4pv6fx

Maybe if you want more work to get done, you should build teams—like whole teams in the same time zone. Have teams based in Ireland, or in India, or in the US.

Working across a few time zones—like East Coast to Texas or even West Coast—is doable. But working across a 14-hour time difference is insane and pointless. Many days, we have a two-hour overlap between folks in the US and people elsewhere, and it is nuts.

The folks in India have to stay late and not be present for their families, and the rest of us have to wake up at the crack of dawn to try to get into the office and crank through meetings, hoping to get the most out of a two-hour work window. It is the d-mbest thing ever. It is completely nonproductive. And some folks are not morning people or late-night people.

If Fidelity cared about getting sh-t done and doing good work, they would have addressed this years ago. They just want you to pointlessly badge in so you can then log in to Zoom… which you can do from anywhere. If I am on Zoom all day, what is the point of being in the office? I am not mentoring or collaborating—I am just trying to rove around the office, finding places to hide so I can hop on yet another Zoom call with yet another person who is not in my location.

The only thing the office is good for is occasionally, when they let you have a 15-minute break, you might complain to someone about how stupid and pointless the office is—or how d-mb and loud that other coworker has been all day.

And finding a desk with working tech is like a round of Survivor. All of this is so pointless and d-mb. I wish the Globe, which provided a link to the site, would take some of these quotes from employees on this board who are dealing with the consequences of ongoing poor leadership choices, instead of just trying to take quotes from the top in an effort to write a fluff piece.
We are just puzzle pieces in Abigail Johnson’s real estate game. So for folks invested in the firm, Fidelity’s business objective is not to do good work or to have staff work productively. It is a feeder of bodies into Abby’s real estate haul.

So the money you invest is not the priority—and most likely has not been the focus of this business. This business is purely centered around how to make the Johnson family more money and wealth. Your money you put here is not a priority.

by
| | Reply
Post ID: @dn+1kr4pv6fx

@aj I'm sorry but really?! If they have a call like this you're complaining about 'having to work late' if they don't have a call like this you would say 'they didn't tell us anything and don't communicate'. Leaders are in positions where they can't win with their whining reports. Grow up

by
| | Reply
Post ID: @d0+1kr4pv6fx

@a2 epitome of disrespect.

by
| | Reply
Post ID: @ct+1kr4pv6fx

@cj excuse those Apple word changes I thought I caught them all

by
| | Reply
Post ID: @ck+1kr4pv6fx

I hope someone with a conscience in upper levels is monitoring this feed.
This treating us like children and not the professional kooky res that we are is degrading and demoralizing.
We all know the plan is to outsource us out get their happy to have food on the table low iq robot well you Joe what happens when you do that?
Your company goes in the sh----r.
My parents actually gave quite a large chunk of money with Fidelity and each call they make about questions or concerns the staff are less knowledgeable and unskilled. They burnt out the smart ones with stupid time mandates and now job location mandates.
If you’re “listening” Abby your real estate holdings shouldn’t be the driving factor.
Retaining skilled professional high quality workers and keeping them happy and not burnout is JOB NUMBER ONE! Without us the company crumbles.

by
| | Reply
Post ID: @cj+1kr4pv6fx

Adjectives I have used to describe my current position. I’m not surprised someone else feels this way.

by
| | Reply
Post ID: @c5+1kr4pv6fx

I was on that call @a9 and it was so awkward! Then he told us we could have the time back because it ended early but it was already after 5 for east coasters. Laying off our friends and making us stay late in one day.

by
| | Reply
Post ID: @aj+1kr4pv6fx

@a8 can't even keep their mo--nic trolling straight. Saying that people need to come into the office more because they aren't getting work done yet giving an example of people who are coming into the office not doing as much work. Meanwhile the research from those who actually know what they're talking about shows employees working from home work harder and longer.

Maybe spend less time giving out bootlicker career advice and spend a little more time reading or stepping outside. You might learn something.

by
| | Reply
Post ID: @ag+1kr4pv6fx

People forget that the 40 hr thing is a vistiage of union intervention and bargaining during late industrial age. Working hours is not the same as work quality and effectiveness specifically for much of white collar work we do. Hours at work are easy to count but what's actually being done and the difference it's making is not as easy. So most places with weak leadership tends to count hours rather than what actually matters to our customers. This is going to get even harder now that lines of code being generated are exploding.

by
| | Reply
Post ID: @af+1kr4pv6fx

@a8 I dream of 40 hours so it must be my team and u worked at another company that was as we called it the boiler room and I’m just saying Fidelity is trending that way which is not good not good at all it’s why I left the boiler room I thought I’d get some work life balance. I leach tear here it gets more elusive.3

by
| | Reply
Post ID: @ac+1kr4pv6fx

I do think the execs are greedy and such, but this is still by far the most chilled place I've worked and I've worked at a dozen places over a long career. If you think this hard, idk man, maybe it's different in my team vs yours

by
| | Reply
Post ID: @ab+1kr4pv6fx

Head of Brokerage Tech held a flash call yesterday after the layoffs where they kept saying our customers really need us so we need to step up and deliver for them. In my three years here that's the first time I've seen them come out of their ivory tower to talk to us peasants and they couldn't wait for the dust to settle before cracking the whip.

by
| | Reply
Post ID: @a9+1kr4pv6fx

Calling BS - reason dynamic working is coming to an end is because most people are not putting in 40 hours weekly. People rolling off the train at 9-930 and leaving by 4. Grow up and treat this job as a career - if you can’t, go find something else and make room for those that want to succeed.

by
| | Reply
Post ID: @a8+1kr4pv6fx

@a3 it’s just awful I don’t know how I’ll last or manage and I’m not a weak minded person. You can’t squeeze blood from a rock. Inhumane

by
| | Reply
Post ID: @a4+1kr4pv6fx

Yep, more! more! more! - faster, faster, faster. This is these greedy execs not realizing and not caring about the fact people can only do so much in a day. Not a fun place to be anymore especially.

by
| | Reply
Post ID: @a3+1kr4pv6fx

This layoff sends a message to everyone. You are nothing to us we can replace you you and we don’t care.
They’ll change their tune when money is pulled out and customers sense and notice the disgruntled employees. It’s gotten worse through the years

by
| | Reply
Post ID: @a2+1kr4pv6fx

Post a reply

: