Thread regarding Fidelity Investments layoffs

Reorg

My original post was deleted so I’ll filter this one. What counts as a reorg for a layoff?

Half of my group is moving to another manager, but not a BU. The head of my department is losing half of their downloaded. Am I at risk?


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Post ID: @OP+1kqgmgffv

10 replies (most recent on top)

@c6 you would be wrong in that assumption. You are not the life force behind whatever product your building, it takes less than a work day to fill replace the cog that you represent. In this instance, it will likely be driven by them reevaluating things through the lens of what benefits the org instead of what will be the thing that benefits everyone at the individual level.

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Post ID: @dm+1kqgmgffv

Any word about UXD (AKA design on tech teams)?

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Post ID: @cb+1kqgmgffv

Are devs in wealth affected? Especially those who are working on a product that receives praise almost everyday (sorry this is not humble) but my assumption is that if you are working on a product that makes associate interactions efficient and brings in more money, why would they let you go… there’s a lot of fear mongering

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Post ID: @c6+1kqgmgffv

Everyone is at risk, each and everyday. You should plan each day with the thought this is my last day. Work as if you are not being let go, but accept it if it does happen.

Plan accordingly

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Post ID: @c5+1kqgmgffv

Okay - I am trying to translate…

Your “Chapter” is getting a new manager and is moving to a new L2 (I.e. you are moving from a Product Aligned group to Technology). If you are a Dev and performance is good (not on a PIP) then you should be fine as long as your skills are aligned to the products and technology that are being invested in.

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Post ID: @c2+1kqgmgffv

@bn is ur manager demoted?

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Post ID: @bz+1kqgmgffv

I meant downline and I work in wealth

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Post ID: @bn+1kqgmgffv

without telling ur group and bu , how can we tell you are affected?

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Post ID: @a5+1kqgmgffv

What is downloaded

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Post ID: @a3+1kqgmgffv

which is ur group ? wealth ? under wealth which group?

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Post ID: @a2+1kqgmgffv

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