Heard a long-time co-worker mention they cut to the bone back in 2008-2009 when the recession hit. Expecting a similar knee-jerk reaction due to the paranoia going on now.
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There have been layoffs of long-term employees where the position is “eliminated” only to have the job posted a week later.
Cut the higher wage, older employees and replace with 2 young inexperienced cheaper employees. That’s the Fidelity way.
People are twiddling their thumbs here. Yet hiring 400 customer advocates aka entry level associates
Oh give it time. There will be layoffs—oops, I meant “restructuring” or “synergizing” (pick your favorite term from any bullsh** Bingo card) especially once you hit a certain age. The place is a modern Logan’s Run.
Yes. I don't work for Fidelity anymore, however I know a hiring director and they are hiring like crazy. Suppose they are zigging while everyone else is zagging.
Sorry to disappoint you but Fidelity is aggressively hiring. One of the many great things about working for a private company.
Why has this board got so quiet? When is the ax going to fall, someone knows so do tell.
"bad annual reviews"? Well it must matter what group you were in - myself and many other folks were let go in the 2008 bloodbath - changed my life for the better. It was not due to my own performance - reviews were always good. Cannot speak to others.
Roger Lawson was also involved at that point. He is well known for cutting back.
My group was cut from 45-12 back in 2008. Most were not poor performers, just victims of being in the wrong group when the market tanked.
They did cut a lot of people back in 08-09, most were people that had bad annual reviews. Who knows what will happen with this wild market. Things are a lot different now that commissions are $0 and interest rates are already low.