Thread regarding Fidelity Investments layoffs

Post Fidelity life

I visited here last year when there was a reorg and am now on the outside, so wanted to leave a few things I learned.

  • There are a lot of useless managers and just as many su-k-ups to match. Don’t expect them to ever do the right thing, they won’t.
  • Constant rumors wrecked people’s mental health. Many people are just trying to hang on until X date. Don’t be one. Make a kicka$$ plan B, one that you look forward to.
  • The layoff process and package will not be equitable. Don’t believe you will get what others got. And don’t think they will be kind.
  • Loved the benefits, the mission and the customers. Made many great friends and don’t regret my time there. But life on the outside is way better than I expected, don’t be afraid to leave.

Good luck everyone!

#Benefits #Layoffs #Management #MentalHealth #Reorganization
by Happier now
| 1341 views | | 7 replies (last March 2) | Reply
Post ID: @OP+1kjjanwef
Comment! It's anonymous!

7 replies (most recent on top)

Wish I knew where people went after that is so much better

by Anonymous
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Post ID: @j5+1kjjanwef

I will tell you one thing. Once I retire, I will not be looking at sites like this.

by Anonymous
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Post ID: @ee+1kjjanwef

Very cool

by Anonymous
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Post ID: @ax+1kjjanwef

I was RIF’d.
Bob sounds interesting, never worked for him.

by Anonymous
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Post ID: @aw+1kjjanwef

Hey Bob, get off your phone back to your register. The drive thru is backing into the street

by Anonymous
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Post ID: @ah+1kjjanwef

Yeah thanks babe very inspirational but I’ll keep trying to white knuckle it until I can retire.

by Anonymous
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Post ID: @ag+1kjjanwef

Thanks for the words from the other side. I'm assuming you retired as opposed to leaving for another job? Fidelity has been a great company to work for in my experience and I do not blame Fidelity as I realize business units change but the demands have increased to the point where the stress is not worth the pay at all. I think a lot of people that are weighing their options have the I'll hold on until X date for vesting or bonus pay outs etc.
I also feel many that are getting older have to realize their original thought of retirement ages may have to arrive sooner than expected so as you said have a solid plan B.
I once heard you do not know if you will be making a wrong or right decision until the decision is actually made.

by Anonymous
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Post ID: @a6+1kjjanwef

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