Thread regarding Fidelity Investments layoffs

Genuine question asking what COULD happen. Might sound stupid

This talk of going back everyday, it’s simply trying to downsize the firm. No way around that.

What if the Johnson Je-k Circle realizes this is a really painfully bad idea some time into 2027 when they’re already executing it. There’s a reason only certain places are executing this first.

Let’s say they finally make their alignments exactly how they want them to be organized. Be it making teams colocated, or whatever else they want to do. Then they realize “hey, some of these teams work better remote, and we’re impeding their ability to work”. Like software engineer teams. And then you have other positions who need an office to perform to the best of their ability.

The vast majority of us can say this is a grave mistake Abby is making. What if this is the mistake they need to make to realize that they need to go back to the old way, where there was more freedom for people who only had to go to the office for legitimately boosting work output?

If it took us all one year of doing this experiment, then for the overlords to get their ducks in a row… then the remainder of us who survive the layoffs could be allowed to work to the best of our ability, be it being remote or in the office if we need to be… then, maybe that’s what we just need to power through, if we have the ability to power through it.

It’ll be incredibly annoying of course, but, what if this is what it takes for them to let us go back to a work environment that’s accommodating to all of our individual needs?


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| 1 view | | 11 replies (last May 3) | Reply
Post ID: @OP+1kqk981v6

11 replies (most recent on top)

They won't go back. Everyone thought if you stuck out the 2 week connect weeks that they'd relax tracking a bit. Instead here we are getting full time RTO. The fact they're not doing all sites at once proves they won't back down once September comes. They will make this work in the other sites and it will su-k.

This isnt the same company it was 14 years ago when I joined, where it actually felt like they care about their employees. Now the motto is door more with less. I'm not sure why they even bother with pulse surveys since they apparently don't look at them and they fudge the way they represent the numbers and categories to make it not look as bed.

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Post ID: @es+1kqk981v6

Guarantee the software engineers will be forced back in the office before the trading desk gets back from Palm Beach

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Post ID: @cp+1kqk981v6

@bp yea but it did and they forced us to give up our lifestyle we didn’t know not wfh to that extent and we proved it could be done our productivity was huge just like their profits.

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Post ID: @bv+1kqk981v6

She has a huge real estate holding that she developed in Boston she isn’t going to relinquish that. That being said she also knows this state is horrendous for business so she’ll keep building out cheaper tax states like TX. I don’t think they’ll care if teams performed better hybrid or remote or whatever. This is the plan man and it’s off to work we go. At least most of us and hopefully the downsizing will be minimally impactful because my team is brutally small and heavily overworked as it is and I don’t think I could hack it if we lost one person.

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Post ID: @bt+1kqk981v6

Fidelity is committed to being onsite. That's not going to change while Abby is in charge.

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Post ID: @bs+1kqk981v6

The timing couldn’t be sharper: the author of "House of Fidelity" is releasing the book just a week after the hermit CEO rolled out the return-to-office mandate.

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Post ID: @br+1kqk981v6

@bp oh so like work from home but not strict

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Post ID: @bq+1kqk981v6

or it could just go back the way it was before covid ever happened.

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Post ID: @bp+1kqk981v6

@a8, or you can view it as "discipline", like in investment. There is no optimal strategy to run an 80K org and as long as you stick with one, you'll be fine.

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Post ID: @ba+1kqk981v6

Been here long enough to know that’s not how Abby operates. She’s made some incredibly stupid decisions and has stayed the course no matter the feedback or data to prove she was wrong. She acts on emotion and is too prideful to backtrack. Just the way it is unfortunately.

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Post ID: @a8+1kqk981v6

Nothing will happen

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Post ID: @a5+1kqk981v6

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