Thread regarding Fidelity Investments layoffs

@cj
Yup, my fellow level 6 friend and I were half joking about taking phone roles.

Still get the profit sharing, bonus, 401k match, retiree health care deposit.

We’re both closing on retirement so maybe we’ll do the phones together for a year or two?

this is going to sound wild, but for a lot of roles it will make sense financially to demote yourself from some advanced level to a phone rep role if you want to stay at the company. once you factor in commuting etc

I suspect it's two fold. Just like @aa says - tracking number of calls taken, interactions, and other productivity measures is more easily done with a role like a phone rep.

• turnover is always high in those roles, so offering the hybrid model and continuing to have it results in less turnover because it is added incentive to stay

Phone reps are the largest population, and occupy the most seats. They are also tracked for productivity down to the second. They don’t need to have them in office to monitor them.

@aa smart answer!!

@aa su-k but true. Guess they don’t trust anyone. Productivity will plummet for most of us.

There’s chatter of reopening an empty building in Covington

It's because of current office contraints. A lot of sites like mine, are currently almost at capacity at 50/50.

I’m not a phone rep but I suspect they have lots of ways of tracking what they’re doing.

So, if they allow them to work from home, they can still have a clear idea of their productivity?

I would guess you worked for the firm…maybe 1 week based on your question

Probably because they want to keep the number of phone reps at the moment, so one week entices them to stay. Meanwhile they want they want everyone else to quit