Thread regarding Fidelity Investments layoffs

Tech teams moving to enterprise

Will there be a reorganization where certain technology teams from brokerage and wealth management are moved to the enterprise ?


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| 1361 views | | 5 replies (last February 23) | Reply
Post ID: @OP+1kj2efhw9

5 replies (most recent on top)

Beam me up Scotty.

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Post ID: @ej+1kj2efhw9

Adoption of tools like copilot will accelerate centralization .

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Post ID: @e9+1kj2efhw9

Many teams across Wealth, WI, and Brokerage are currently focused on pure enterprise platform work. Functions like Data, Security, Architecture, and AI should be consolidated and moved to an enterprise-level structure.

The Data teams, in particular, are excessively large and their primary focus is limited to data movement. This area is characterized by a significant number of SLs/CLs and constitutes a bloated team.

Similarly, within Wealth, there are teams developing utilities that see minimal usage. These efforts should be either centralized, moved to an enterprise platform, or entirely shut down to improve efficiency.

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Post ID: @d5+1kj2efhw9

Within Enterprise Technology, we are struggling to deliver; it's just impossible to align across the business units. Cloud and Infra make sense, but all customer or business-facing applications that moved a couple of years ago have failed to deliver results.

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Post ID: @cq+1kj2efhw9

they should. we have platforms that are considered the Enterprise sanctioned platforms for a few different things. anything that is an Enterprise platform should not be in a single business unit.

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Post ID: @av+1kj2efhw9

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