Thread regarding Fidelity Investments layoffs

New year is going to hurt

Five days a month, minimal raises, low pay, bloated company, internal fighting, and some future announcements. Start applying, there’s a reason why there’s so many overworked managers. I can’t say too much but I’ll answer questions that are public enough to CMA

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| 4690 views | | 13 replies (last February 10, 2023) | Reply
Post ID: @OP+1kq5ZUBU

13 replies (most recent on top)

sev is typically 2 weeks per year of service

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Post ID: @Hkhp+1kq5ZUBU

People that stayed are quiet quitting and just don’t give a sh*+ anymore.
Newly hired have no clue and simply take advantage of the chaos to do very little.
And those new Agile Chapter Leads and Chapter Area Leads charge towards the cliff.

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Post ID: @egmh+1kq5ZUBU

How do you know that VBO people were deadwood??? What’s your basis for that statement? I knew many that were very experienced and productive.

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Post ID: @avce+1kq5ZUBU

VBOers ( Dead Wood ) are still trolling this site hoping this great company and its productive employees fail. I have to LOL. Please move on, this company is thriving without the dead weight.

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Post ID: @awuo+1kq5ZUBU

Better start preparing resumes, Fido rifs likely incoming.

https://www.yahoo.com/finance/news/goldman-sachs-ceo-job-cuts-layoffs-as-soon-as-january-163946686.html

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Post ID: @9lgn+1kq5ZUBU

Profit Sharing should ease the hurt bit?

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Post ID: @7kov+1kq5ZUBU

You must have taken vbo long ago because work from home/hybrid has been a thing here for years, only now it’s more strict.

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Post ID: @4arx+1kq5ZUBU

So basically nothing has changed since I took the VBO. I take that back, the only thing that has changed is you only have to go to the office 5 days a month instead of every freaking day. I wish everyone luck has you make your decisions to stick it out or jump ship.

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Post ID: @3yjb+1kq5ZUBU

*5 days every 4 weeks.

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Post ID: @1uni+1kq5ZUBU

Going to 10 days a month in Q2 will help drive what management will call 'natural attrition'. Morale is going to crater in 2023.

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Post ID: @1ihf+1kq5ZUBU

Future announcements? FI went through a leadership reorg recently. I wonder if that’s a safe group anymore. Client facing is great, except when you’re forced to do the job of three people in your role AND be productive assisting another different job role.

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Post ID: @hcq+1kq5ZUBU

GS cutting 8% 1st 2 weeks of Jan. 2023...

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Post ID: @wjp+1kq5ZUBU

How juicy is the severance package, and what teams are getting cut?

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Post ID: @lvb+1kq5ZUBU

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