Thread regarding Fidelity Investments layoffs

Asset management

How is this BU?

I'm in brokerage, and received offer to move asset management.

Does it also have constant reorg?


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| 11 views | | 8 replies (last April 24) | Reply
Post ID: @OP+1kpw1kgm5

8 replies (most recent on top)

A-s Management. Bunch of donkeys work there.

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Post ID: @ee+1kpw1kgm5

How does it compare to FI?

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Post ID: @dp+1kpw1kgm5

@cp that seems like a VP level role typically, is it dev ops? I think it could be good! I have had really great interactions with a lot of architecture professionals, but much higher level grade, you’d likely have some great mentorship

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Post ID: @d6+1kpw1kgm5

@cj i also received a comms for
the role of Director, Architecture

how’s that role under Asset management?

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Post ID: @cp+1kpw1kgm5

In tech or as an IP?? Entirely depends on the group for either. A lot of resistance from teams to adopt the Spotify model, some completely ignored top down role name changes up until recently. Then they scrap the whole thing. I think most ppl that work in AM tech long term will tell you they have seen this happen many times in many different ways, and for the most part middle management is a really good block from all that re-org stuff. I will say, if you are interested in a tech role there, it’s good experience. A lot of egos of course, but it’s a good learning opportunity. If you are a retail investor on your own coming from a diff BU and enjoy that, definitely consider the trade restriction! That was the biggest bummer lol. I say take it!! Good luck!

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Post ID: @cj+1kpw1kgm5

And get ready to get clearance for every trade and getting denied

Pay also won’t offset any loss in income due to trading restrictions.

Overall place is toxic and very political.

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Post ID: @ch+1kpw1kgm5

Picture getting in a time machine and going back 40 years. The bureaucracy is stifling.

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Post ID: @by+1kpw1kgm5

Asset Management is a dumpster fire.
🔥
Run!
🏃‍♂️

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Post ID: @bw+1kpw1kgm5

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