Thread regarding Fidelity Investments layoffs

Architects & Data Scientists

When the dusts of current RIF and ReOrg settle, architects and the data scientists are the two most costly and counter-productive roles that needs the closest scrutinies.

The existence of those helicopter architects is the single inhibiting cohorts to an engineering driven culture. If the premise of those tenured architects is to guide the weak engineering teams, it’s not working and will never work (that’ why you don’t see the architect role in big tech such as Google and Meta):

  • If you keep the architects away from the engineering team like it is today, their lack of current and hands-on knowledge, and their lack of affinity to the day-to-day work on the one hand, stretches a tension with their assumed authority on the other hand. We find ourselves wasting cycles and energy convincing and compromising with them on a good day and misled/delayed on the bad days. We consider those architects good if they stay away most of the time, reverse engineering by themselves or asking us to produce a few pretty diagrams from our finished products periodically, and don’t try to put their dirty fingerprints on everything we do.

If you pull those architects Gods down from the FAE heaven and embed them into the engineering teams, their unwillingness to do the dirty chores and their proud refusal to assimilate will create tension between themselves and rest of the team like oil and water. Neither party will be happy.

That leaves the only option which is to reduce the architect role dramatically if not demolish it altogether: (1) Keep only a few true architects in FAE who either (a) looks cross-functional for duplication and consolidation opportunities or (b) possesses niche knowledge and skills such as security, internationalization or accessibility. (2) Fire the rest or demote them to principal (or just give them the VP title) level IC and disperse them into individual engineering teams.

With the deadweight architects out of hand, we may start growing the engineering team and culture by trusting engineers with the architectural decisions in a collective fashion among the junior, senior, principle and tech leads of a team.

Now let’s turn our attention to data scientists. WARNING: they’re so much worse than the architects!

The complete AI ignorance of the upper managements makes themselves easy targets to the scammed by Fidelity’s fake data-scientists (compared with those who can build GPT):

  • They’re paid at least one level higher than engineers yet what are they doing these days? Developing chatbots by calling vendor APIs or downloading models from HuggingFace. What entails in developing chatbots or the fancier agents? (1) Calling APIs, (2) developing the chat GUI and (3) Crafting LLM prompts. Well, software engineers are better calling APIs and developing GUI, and non-technical business domain experts are better at crafting LLM prompts. Both do a better job significantly cheaper. AI has been demoratized to a point where a high-school drop out may do a better job than an Ph.D. who don’t continuously learn.

Why don’t they train foundational LLMs that utilizes Fidelity’s private data, like Bloomberg, Captital One or Morgan Stanley? They can’t. The whole data scientists community from top to bottom are outdated. They’re stuck in the old traditional machine learning paradigms of regression, decision trees and scikitlearn. They haven’t or can’t learn the new AI paradigm which appeared on in 2017.

That leaves us with three options: (1) Fire majority of them to make room (2) Demote the remaining good data scientists to sort of higher level AI analysts who conduct experiments and compare vendor/HuggingFace models. (3) Hire true data scientist who are either experienced with or educated on the current paradigm of AI, that is those laid off from big techs and those fresh graduates who learned current paradigm of AI at school.

Architects and Data Scientists, the attic where all the dusts collect, need a desperate cleansing. With these two roles straighten up, Fidelity 2.0 may start!


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| 12 views | | 6 replies (last May 4) | Reply
Post ID: @OP+1kqn7st6c

6 replies (most recent on top)

Lol why was this written with ai?

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Post ID: @jd+1kqn7st6c

Go touch grass. You’re just as stressed about the news everyone else is processing and fishing for others to take this bait. Architects and data engineers actually do work and when they’re gone some other unlucky person is going to have to pick up their work

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Post ID: @er+1kqn7st6c

@av, please enlighten me what's architecture work?

We choose to use Dynamo for a features of our product, our architect said "use Aerospike", the vendor product which is to be discontinued, because that's what the d-mb architecture guideline says. What she should've told us is that in a neighboring BU an tried-and-true solution for the feature we're building has existed for years.

In another case, our users keep putting in requests for a vendor product, which another BU has already onboarded. From the BU we find the enabling team which told us "sure we can do it as long as you get architecture approval". So we went to our own architect who said no for more than a year until a top down decision forced his mouth to yes.

I do know Fidelity architect's work, but unfortunately for me it's all anti-work.

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Post ID: @b4+1kqn7st6c

You must not know what architects do, or realize that fire them doesn't magically create more free time for the squad level engineers to do architecture work plus their own

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Post ID: @av+1kqn7st6c

Whatever you say, nerd.

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Post ID: @a4+1kqn7st6c

why do our websites/programs never work... india?

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Post ID: @a2+1kqn7st6c

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