Thread regarding Fidelity Investments layoffs

Feedback on Leadership and Promotions at Fidelity India

Having been with the organization for nearly 12 years and awaiting a G7 promotion, I’ve observed significant concerns regarding leadership within Fidelity India. Unfortunately, many leaders lack vision, technical expertise, and the ability to drive meaningful change. A considerable number struggle with even basic technical understanding, which raises questions about their effectiveness in guiding teams.

Promotion discussions often emphasize "visibility," which, in practice, means participating in India-specific initiatives and repeatedly explaining our work to leadership—many of whom seem disconnected from Fidelity’s actual operations. This disconnect appears to stem from their exclusion from critical projects by US partners, leading to a lack of awareness and, at times, counterproductive behavior.

There is also a noticeable disparity in recognition, with Bangalore leadership often taking credit for work driven by Chennai teams. This imbalance demotivates high performers and undermines collaboration.

Suggestions for Improvement:

Engage with Ground-Level Teams – Leaders should actively connect with G6 and below to understand business realities rather than relying on outdated assumptions.

Focus on Relevance – Reduce unnecessary meetings and town halls that add little value. If leadership cannot contribute meaningfully, it’s better to refrain from such engagements.

Develop Real Leadership – We need leaders who lead by example, drive innovation, and foster growth—not those who rely on bureaucratic processes without adding substance.

A cultural shift is necessary to weed out ineffective leadership and replace it with competent, forward-thinking individuals who can truly elevate Fidelity India’s potential.

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| 1941 views | | 10 replies (last May 23, 2025) | Reply
Post ID: @OP+1jvxjcrm0

10 replies (most recent on top)

Unfortunately, hard work, real progress, progressive thinking and quality work are not what gets you promoted.
It’s a dog and pony show once you get to L7 and above. All show and no go. Waste of space mostly.
The people who get work done are stuck at L6. So many have left or retired early because of this.

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Post ID: @dw+1jvxjcrm0

Since moving from India to NC I've earned two promotions in five years - something that speaks volumes about the merit-based culture here. Performance and skills actually matter, and it shows.
Back in India, things worked differently. Getting ahead often seemed more about office politics than actual job performance. Technical skills took a backseat to being part of the "right circles." I noticed promotions frequently went to people who wouldn't challenge the status quo rather than to the most capable team members.
The contrast has been eye-opening. It's refreshing to work in an environment where your work speaks for itself and growth depends on what you deliver rather than who you know.

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Post ID: @br+1jvxjcrm0

Female joined fidelity as grade 4 - 2 years later started asking for a promotion. At year 5 it was apparent her BU (FI) was a man's club, so she went outside her BU and found a level 5. The mans-club wanted to promote her when they found out she was leaving, but it was too little too late. She started her new position in the new BU and it was a new kind of "sc--wed up". She's still a level 5 - 13 years later....:( She's watched men and children get promoted because well, they are DI-K slingers. She's retiring this year, and got sc--wed out of the VBO that wasn't offered. But, she stayed positive and tried to make change, but the men wouldn't have it. She told me this story last year when I started at Fidelity so I would know that even though she was overlooked for being a women, she is retiring this year with a nice 401k, so it wasn't for nothing. She was disappointed because she knew Fidelity could be a great firm if they would spend time and money training management. When it comes down to it, "SAY IT LIKE IT IS" and "PACE OVER PERFECTION" are buzz words. FIDELITY CAN'T HANDLE THE TRUTH. Managers will not have the uncomfortable conversations that come with that great paycheck and bonus and they are tanking this place quickly.

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Post ID: @bn+1jvxjcrm0

’ve been an L5 for 10 years (yes, 10—don’t even ask), and every year, my manager hits me with the same brilliant feedback:
"You’re not visible enough! Leaders don’t know you!"
And I’m like… what does that even mean? I do my job flawlessly—zero defects, no escalations, deliverables on time. But apparently, that’s not enough. I need to… perform for leadership like it’s some kind of corporate talent show?.CL/GCLs+ get to travel multiple times to US and we are not allowed to travel also.
Meanwhile, our fabulous CLs and GCLs keep rambling in meetings like they’re speaking Ancient Alien. No one understands them, but hey—more PowerPoints, please! I spend half my life making decks, and the only "appreciation" I get is "Can you add more slides?"
Oh, and the best part? Our GCL is literally clueless. Zero tech direction, zero useful feedback. All I hear is:
"You need more visibility!"
Bottom line:
Doing actual work = Not enough.
Making endless PPTs = Still not enough.
Being "visible" = Magic key to promotions (but no one will tell you how).

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Post ID: @be+1jvxjcrm0

My dear confused colleague, as a proud G8 leader of Fidelity India, let me enlighten you. We have an exceptional culture here—perhaps too sophisticated for your simple mind to appreciate.

These 'initiatives' you mock? Absolute genius! Without them, how would our poor senior leaders remember why they receive salaries? Imagine the trauma of G8+ executives actually having to think about... work. The existential crises! The LinkedIn profile updates! The sudden realization that their job descriptions are 90% buzzwords!

These initiatives are a mercy. They keep leadership busy rearranging PowerPoint slides instead of 'strategizing' us into oblivion. Truly, we are saving them from mental breakdowns one meaningless meeting at a time.

So please, show some respect. Our leaders have worked very hard to perfect the art of looking busy while contributing nothing. That, my friend, is the real Fidelity India Way

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Post ID: @ax+1jvxjcrm0

I left Fidelity India two years back after working in PI and WI, now I hear they've split that PI? Good riddance!
PI was the strangest circus - the BU head and his team used to come up with "initiatives" - Used to really funny and they used to have "initiatives" on everything .Leadership,Song&Dance ...innovation etc...
One strange initiative they had was Branding & communication initiative - as if PI is running an advertising agency, not a technology BU
Leadership has zero idea on how fidelity business works and were they can add the value.

Every senior leader had to sponsor these nonsense initiatives and present to the "supreme leader". Actual technical work had zero value. Only "India initiatives" mattered there. Every promotion talk used to be around who contributed more to theser local initiatives rather than who brought value to Fidelity .
Someone needs to sit these leaders down and explain what real technology leadership means - but perhaps they're too busy with their initiative tamashas to understand.

In PI, I've realized - when you don't know your job, you create committees. When you can't deliver, you make PowerPoints. And when you're completely useless, you get promoted to leadership!
US leadership should have a hard look into these locally run "initiatives" and end these worthless gigs

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Post ID: @av+1jvxjcrm0

Alright, serious question—name one G7+ leader in India who actually knows what they’re doing. Just one. I’ll wait.

Most of these BU heads operate on one golden rule: "Hire people d-mber than me so I never feel threatened." And guess what? That stupidity compounds with every promotion. It’s like an organizational Ponzi scheme of incompetence.

Deep down, these guys know they’re not good. That’s why they’re so insecure—because any real scrutiny would expose how little they actually bring to the table. But hey, as long as they keep playing musical chairs with titles, nobody calls them out, right

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Post ID: @ak+1jvxjcrm0

Look, I always figured BU heads and G8s were basically here to babysit the US leadership when they visit. And you know what? They’re great at it. Seriously—top-tier administrative assistants. They’ll shuttle people around, set up the fancy dinners, even show you the "good spots" in Bangalore and Chennai. No complaints there.

But let’s be real—nobody expects them to actually work on critical business projects. That’s not their role. Their job is to smile, nod, and keep the visiting suits happy. And hey, they deliver on that. So… mission accomplished, I guess?

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Post ID: @af+1jvxjcrm0

"My ‘Mentorship’ Experience "
I joined this ~prestigious~ mentorship program, and my "mentor" was some GCL clown. Biggest waste of time ever. His entire mentorship philosophy? "Be a louder bootlicker." His genius advice? "JuSt hAvE pReSeNcE iN mEeTiNgS." Like… what does that even mean? Y’all just show up to random calls, nod aggressively, and call it "leadership"?

After two sessions, I ghosted him . My excuse? "We should really be mindful of global warming… all this hot air from useless meetings isn’t helping." Predictably, his pigeon-brain couldn’t process that. 🕊️

India leadership needs a full factory reset. Scrap the whole mafia-style loyalty cult, hire actual leaders from outside, and please stop letting these people hoard titles like they’re Infinity Stones. How do they even survive this long? Do they photosynthesize?

As an L5, I’ve accepted that career growth here is a myth. Promotions aren’t based on skill—they’re based on who can fake relevance the longest

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Post ID: @ae+1jvxjcrm0

LOL. As someone who joined as an intern last year, my biggest survival hack? Avoiding these so-called "leaders" at all costs. I’d rather take the stairs than share a lift with them. Zero vision, zero game—just vibes (bad ones).

Had my project review with a BU head last year, and bro had no clue about the project. Still had the audacity to mansplain Node.js APIs like he’s ever touched a microservice. RIP tech leadership in India 💀.

Still trying to decode what these "Directors/VPs/SVPs" actually do—meanwhile, the L6-L3 squad carries the whole org. Even the security guards and cab drivers contribute more. Our intern group had a whole nickname roster for these fossils.

And don’t get me started on town halls. A 10-minute speech from them feels like a human rights violation. #BringBackTheDinosaurs (at least they were extinct).

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Post ID: @a8+1jvxjcrm0

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