Thread regarding Fidelity Investments layoffs

Why RTO for groups not impacted by rif

It seems like the roles impacted are only tech and agile.

What would be the reason to bring the whole company back other than phones, if there’s no RIF impact?

Based on what’s posted here if there’s so many groups with zero impact. Why make everyone miserable just to slash tech?


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Post ID: @OP+1kqr9v3d4

4 replies (most recent on top)

@av at yep, that makes sense. Thanks!

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Post ID: @bn+1kqr9v3d4

@OP kind of crazy how they want to cut back on tech in general and not just scrum masters/management/agile roles. I saw someone comment that Abby wants 40% of tech to be contractors which lines up with what I’ve seen recently. Fidelity was already starved for tech talent (devs) and this will make it worse. Ai just can’t do what an experienced dev can.

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Post ID: @b5+1kqr9v3d4

@av - but they'll be making phone repa come in 100% next year supposedly

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Post ID: @ax+1kqr9v3d4

Because they overhired in tech. Tech employees get paid a lot more than phone reps. Tech employees are more likely to not be in office the full day. They want tech employees to quit. Phone rep jobs have naturally high turnover so they want to keep them happy and be able to advertise how wonderful that job is.

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Post ID: @av+1kqr9v3d4

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