Layoffs coming tomorrow. 15% of middle managers are getting axed. AI has replaced their job and as they add no value a reduction is needed.
No layoffs today, right?
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AI is nowhere even close to taking over significant amount of jobs at fidelity. We are still in the “how can we use ai” phase. Fidelity is a slow adapter, how do you people not know this about your own firm yet lol
Who would write the quarterly check ins? They need all those middle managers to do all that administrative work.
What are you smoking?