Thread regarding Fidelity Investments layoffs

No impact

My department has a lot of deadweight and has been toxic/hostile since the start of the pandemic. I was hopeful there would be some clean up with the RIF but it doesn’t seem like we’re part of it since most of us are low level.

The head of my department appears to have been publicly demoted but that seems like the only impact. We’re back in the office full time but we’re not developers or project manager. What’s the point of us going back full time if the in office weeks will stay the same?! It’s impossible to get work done in the office because of how bad the culture is.

I’m kind of devastated. I was honestly hoping for better days after how much of an impact the last few years have had on my health.

Abby, you win. I am going to try to leave. I woke up thinking about how bad things are.


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| 2 views | | 3 replies (last May 3) | Reply
Post ID: @OP+1kqpbdv7f

3 replies (most recent on top)

@ar so our best home at sticking around long-term is either:
A) quit and coming back when over the age of 40
B) already be born over the age of 40

?

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Post ID: @bd+1kqpbdv7f

The thing about a layoff though is that it can’t just be senior people. Over 40 is a protected class, and if you’re trimming grade 8 and above, that’s going to be a lot of people over 40. Too many. So they do have to bring the average age of the laid-off population down by including younger folks. Otherwise the folks over 40 can come at them legally even if they did sign the severance paperwork. Anyone included in the rif has to be shown the list (not including names but age, title, and some other characteristics) of those affected. That list cannot be skewing over 40.

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Post ID: @ar+1kqpbdv7f

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