Thread regarding Fidelity Investments layoffs

Nah, I’m talking about a specific type of managers that said they were hired as managers because they didn’t have a job and would have been laid off if they didn’t find a new role. There are some good managers at Fidelity, but most are just garbage.

The real problem stems from what the actual definition of "performing" means at Fido.

Because it never matches the English definition I was taught...

@b5, you may be overestimating your own performance and have fake sense that you are much better than others. Get some reality check.

@b7 so it’s your manager’s fault if you aren’t performing? How entitled are you?

@b7 manager can provide coaching, guide, give recommendations.

Ultimately it's up to the associate to step up and be proactive.

You can't spoon feed on how to be a "go getter"

There are people in our team coming to office at 11 and leaving at 2pm, 3pm.

As a manager I think that's not acceptable at all.
You have a policy, better follow it instead of crying out loud at the end of year when there's no bonus

It’s he-l in the branches

@b5 I don’t think the low performer is the problem here though. The manager needs coaching on how to manage the team better. Just throwing people away via layoff does not solve the problem

@ay
Everyone deals with one thing or the other. Everyone has a s-b story

But that doesn't give anyone an excuse to penalize high performers while encouraging low performance by handing out promotions.

I have been an exceptional performer for two years, yet I am the first one to be screamed yet for someone else's incompetence.

PS: I'm not a people's manager.
But I have seen so many of these incompetent managers ONLY encourage the low performers while trying to find excuses to throw high performers under the bus.

Why are they underperforming? Has anyone asked? Does anyone look into it? Did they have the training they need, the team support or guidance to learn on the job? Or is their leader or manager screaming at them to perform more over and over? Layoffs are the easy answer/solution to a problem that exists at a high level. But managers and leaders need support and guidance too. Just because someone looks unqualified and they seem to be underperforming doesn’t always mean they are. Someone at some point believed in them enough to hire them. Support people instead of criticize and judge them. You never know what someone else is dealing with.

Culture is no longer positive in Westlake.

Do you think fidelity cares for high performers or exceptional performers??

If you're exceptional, you got chairman shares, probably higher raise, you're expensive.

You're showing how you can do job of 4 people, making you a threat to those who lack critical thinking.