Lot of fake news on1K. Some say 4K.
What is actual number? and why it was not disclosed?
13 replies (most recent on top)
@ft no, it does not matter. All companies do stuff like this. Wake the f up. You can't be that naive.
If you still have a job what does that # matter to you? You survived a RIF, so party on!
@fp why so contrarian? It absolutely makes a difference if they are caught in a lie with so much focus on reputation and the brand name “Fidelity”. Ned used to care about that stuff.
and it doesn't matter how many. What are you actually going to do if they did lie? Absolutely nothing. Just move on.
Same as Abby saying in that video that the reason for the cuts was not due to cost. It’s always due to cost. That video irritated me with her “some tough decisions were made”. She lied to us when she said we wouldn’t be coming back to the office to be looking at screens. They are going to need to revamp the office to put more sound proofing measures so I don’t have to listen to the Karens talk about the deliverables in Q1 at max volume.
@OP If you are a U.S. citizen or green card holder and feel you’ve been unjustly treated—whether through biased performance evaluations, wrongful termination, or being passed over for promotions—especially when H-1B workers are in your team, know that there are legal channels ready to support and protect you. Your rights deserve to be defended, and you don't have to stand alone. You have a voice, and there are avenues to fight for the fair treatment and justice you are entitled to:
U.S. Equal Employment Opportunity Commission (EEOC)
The EEOC stands as a safeguard against workplace discrimination. If you’ve been unfairly dismissed or treated differently because of the presence of H-1B workers in your team, you have every right to file a charge with them. No worker should be sidelined or mistreated.
U.S. Department of Labor (DOL)
The DOL ensures that U.S. workers are protected against any unfair treatment. Employers are legally obligated to prioritize American workers for hiring and retention. If you’ve been bypassed for an H-1B worker or unfairly dismissed, the DOL will investigate violations and hold employers accountable.
State Fair Employment Practices Agencies (FEPAs)
Many states have their own agencies to fight workplace discrimination and unfair dismissal. These agencies are there to ensure that U.S. workers’ rights are respected. Check your state’s official website to find out how you can take action.
National Labor Relations Board (NLRB)
The NLRB steps in when unfair treatment involves collective bargaining or labor issues. If you believe that U.S. workers are being dismissed in favor of H-1B employees, the NLRB can investigate and take action to ensure fair labor practices.
Contact Your Elected Officials
You have the power to demand accountability from your elected representatives. Write to your Congressman or Senator to raise your concerns. They can fight for your rights, bring attention to the unfair treatment of American workers, and push for legislative changes to prevent such abuses.
U.S. Citizenship and Immigration Services (USCIS)
It is illegal for employers to displace U.S. workers in favor of H-1B workers or to keep H-1B workers on staff while laying off U.S. employees. If you have evidence of this, you can report these violations to USCIS for thorough investigation and enforcement.
U.S. Immigration and Customs Enforcement (ICE)
The presence of H-1B workers from countries that are adversarial to U.S. national security can expose companies and industries to significant risks—from intellectual property theft to potential espionage. If you suspect that there’s foreign influence or other national security threats in your workplace, it’s important to report this to ICE’s Homeland Security Investigations (HSI).
Federal Bureau of Investigation (FBI)
If you suspect that H-1B workers or employers are engaging in illegal practices, such as manipulating hiring processes, violating labor laws, or committing immigration fraud, you must report it to the FBI. These coordinated efforts can harm the integrity of our workforce, and the FBI is equipped to investigate and bring justice to any parties involved in criminal activity.
American workers deserve fairness, respect, and opportunity. If you feel you’ve been unfairly treated because of the presence of H-1B workers, you have the right to stand up for yourself and fight for your rightful place in the workforce. Don’t stay silent—take action today, and help restore the integrity of our job market.
I heard 4000 from someone who doesn’t even work at Fidelity but knows someone. When I hear something from this site plus another source I tend to believe it.
@bb there are loads of new hire starting on June 1st . Look at LinkedIn . All fresh graduates . We will never know the exact impact
@bb the math cannot be exact because a trillion dollar firm has spent decades getting ahead of exactly this kind of headcount detective work…
I see like four reasons the estimate wouldn’t be accurate. The parenthesis clearly explains why the math can’t really work, but yet it’s still presented as a reliable estimate. While I do respect the early attempt to immunize the math from any pushback. I humbly reject the proactive defense strategy before anyone could question it. “this math has several obvious flaws” followed immediately by “ballpark number.”
At that point the ballpark might as well time-travel to the pre-2012 seaport parking lot conglomerate. BTW I miss the old seaport, back when we could smoke cigs in our cars instead of attending happiness workshops :(
They are in the system until June 1.
Look at the number of people who report to Abby today and compare to June 1.
While not exact (because of normal attrition and possible new hires and those who found new roles before 6/1) it will give you a ball park number of those laid off.
@b4 are you aware that you are posting on a layoff site thread at 6 in the morning? Why do YOU care is the question?
Your inquiry is a strange response to thousands of people trying to figure out whether they were lied to…
why does it matter? what changes if you do know or do not know?
Right? The 800 count (1%) is such BS, I’m going to go with that document that got sent to people over 40 to prove the layoff wasn’t discriminatory. Part of that over 40 disclosure in that packet of 80 pages, the math was around 3k and even then i don’t buy it… has to be higher.
Where are others looking for a more accurate count? Once some time passes, i hope that the news picks up the deceit. That document is highly confidential, don’t waste your severance on a mess up like that.
What are they calling it now? The green clean up. Horrible!!! So sorry to those impacted (or rather congratulations on being free from the golden handcuffs)