Thread regarding Fidelity Investments layoffs

Connect Disaster Incoming

A handful of Grade 8 AND above confirmed big changes come September for Connect Weeks. Apparently they will be pushing for near 100% in office time and it will be up to each organization, site and lower management’s problem to figure it out. Upper management will send the decree, wipe their hands of it and hold low level associates feet to the fire. No excuses. Gloves off. They’re not happy the forecasting for senior associates quitting didn’t go as planned and now? The rest of us must pay. Thoughts?


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| 33 views | | 26 replies (last April 26) | Reply
Post ID: @OP+1kpgbxs7r

26 replies (most recent on top)

Not going to be checking email or doing any work outside of work hours. If they want us to be in the office 100% I am not letting work intrude on my home life anymore. Promptly uninstalling BYOD the second they have the flash call.

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Post ID: @1dn+1kpgbxs7r

Are we keeping 245 Summer? How would this be possible otherwise?

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Post ID: @12p+1kpgbxs7r

There is no way TX is at 90% capacity every day. And NC stopped hiring they are too full.

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Post ID: @121+1kpgbxs7r

Before covid may groups would actually work from home more than 50%, I was in one and others around me were allowed even more. If not licensed especially.
Everyone is already at their breaking point. I’d rather work closer to home than drive far to the giant campus and walk miles a day just to do my normal job.

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Post ID: @zz+1kpgbxs7r

@s7 - they are all about the most painful experience for the employees. They absolutely would have people relocate to the most expensive location and then lay them off. The company leadership pretends to care about sustainability and the latest virtue signaling trends, but they want 85k people back in the office. Let's do the math on the collective gas usage using some assumptions - average commute 35 miles/day round trip
at 25 miles per gallon (conservative estimate) = 1.4 gallons per person per day x 85k people = 119,000 gallons of gas per day = 29.8 million gallons per year for casual collisions and zoom calls in an open workspace. What a waste!

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Post ID: @ya+1kpgbxs7r

@r3 They wouldn't do that, Boston is way too expensive of a region. If anything they'd want to move Boston people to cheaper locales.

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Post ID: @s7+1kpgbxs7r

You know what would be diabolical! If they relocated people from Texas and North Carolina to boston to fill 245. I could see them really trying to inconvenience and p1ss off the workforce even more.

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Post ID: @r3+1kpgbxs7r

For anyone in NC: is parking still crazy there or how did they end up handling the insanity when they went to 2 weeks?

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Post ID: @r0+1kpgbxs7r

I feel like there is going to be some major health/fire code violations if they do fulltime in some location

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Post ID: @q6+1kpgbxs7r

They will probably have all of senior leadership in 245 while the peons can schlep .9 mile over to seaport in zero degrees with wind gusts. Imagine in 2026 that we could all be going back to the dark ages (pre-zoom). It wouldn’t surprise me if they said everyone in Boston back to 100% due to the real estate situation. Rest of the sites - probably not 100% unless they buy some more property or increase the shuttle buses which they could absolutely do. Imagine the uproar if only Boston was 100% in person.

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Post ID: @nf+1kpgbxs7r

Highest gas prices in a decade and the billionaire owner wants you to spend more filling up your car to sit in office zoom calls.

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Post ID: @ne+1kpgbxs7r

@n4 not moving out of 245 Summer st as was original plan

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Post ID: @n8+1kpgbxs7r

@m1 what do you mean 245 staying on?

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Post ID: @n4+1kpgbxs7r

Probably true for Boston with 245 staying on, places like NC/DFW forget about it.

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Post ID: @m1+1kpgbxs7r

12,000 people in DFW, 7,400 desks. Hmmmmm, math not adding up to be 100% in office

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Post ID: @eq+1kpgbxs7r

so would this mean dedicated cubes or more of the 'survival of the fittest ' like we have now. People saving spots for their coworkers so the rest of us wander mindlessly trying to find a spot to work all day. This alone adds more stress to an already stressful day.

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Post ID: @e5+1kpgbxs7r

@OP Prior to COVID it was in office every week but only for 50% of the time- so a lot of people would work from home 2.5 days a week. That was also a FINRA rule but after COVID, FINRA relaxed the rule and since things went smoothly FINRA has not reverted back to the old rule. If Fidelity goes back to every week in office, I'll take my knowledge and skill set to another more progressive firm that does offer full time remote. With the increased workload I've experienced in the past year, it isn't going to take much for me to say enough is enough Fidelity.

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Post ID: @e4+1kpgbxs7r

Is this for everyone? The only way I could see this being possible for 1 and 2 Destiny is if only certain roles were in office, but other people were remote. They would have to assign seats and expand the parking garage.

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Post ID: @c8+1kpgbxs7r

I had heard 75%, don’t know if that’s 3 days every week, or 3 connect weeks per month, but I would think if we’re doing 75%, it’s just a bridge back to 100%, like we went from one week a month 3 days, optional, to one week mandatory, to 2 weeks. Always figured we’d be going back to 100% if space permits. That’s what she wants.

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Post ID: @by+1kpgbxs7r

If I'm reading this correctly. It means 100% of the time in the office. As in 8 hrs total every connect day.

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Post ID: @bv+1kpgbxs7r

Unfortunately I think this is true. I don’t know how it will work in sites like NC, but in Boston if we keep 245 that’s how it will be possible. I am hearing credible rumors.

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Post ID: @b3+1kpgbxs7r

I work closely with the woman who posted this. She agonized over posting it.

90% of associates wouldn’t even be surprised by something like this - be honest. We don’t expect things to change for the better for associates, even client facing ones. You know this is true. Wake up!!

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Post ID: @b2+1kpgbxs7r

Look for update end of this month.

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Post ID: @ap+1kpgbxs7r

Not true at all.

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Post ID: @aj+1kpgbxs7r

There’s zero truth to this. Stop making up cr-p.

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Post ID: @ah+1kpgbxs7r

Not true

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Post ID: @a7+1kpgbxs7r

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