As a people manager, I can confirm I received list of associates I'll have to let go.
My manager probably received the same.
We all have mandatory trainings tomorrow to break the news in stages on Thursday.
Just like level 4-7 associates, level 8 and above won't know their date until Thursday.
I might well be outside the door after breaking news to two of my exceptional performers on Thursday.
So it is happening.
people managers- please do us a favor and help us here by answering these questions.
@az what is a “skip level”?
“If you're not in same location as your skip level, you're being cut.”
With product owned by tech leads is this emphasis on collocation limited to technology?
@ap if this is true, myself and a whole slew of others got fu---d
Any word on the UX side specifically?
This is so ridiculous.
Why would they make us wait for 6 months only to let us know the fate will be decided in the coming weeks.
I am done with this bullsh-t. They can let me go if they want, I don't give rats a-s
Any word on how this could be affecting FDA (digital assets)? We have tons of tech roles, product delivery, agile, etc. Thank you!
How can I focus on my work when I’m so anxious about losing my only source of income?
Can anyone share any info about what the terms of the deals? When is the effective date, what does the severance package look like, what happens to shares?
Are any administrative assistants being let go and/or anyone below a level 4?
@an I heard non technical scrum masters, analysts and squad leads are cut
Some squad leads are being made Engineering lead.
The EE chapter area is a black box for now. No one knows what will be the impact there
I was not involved in the decision making.
Fidelity is focused on bringing colocation structure to the team.
If you're not in same location as your skip level, you're being cut.
All high performers in my team were remote and are being let go
@am what roles are being impacted? developers? analysts? scrum master or managers
I am in NC level 8 people manager.
I am losing 3 contractors by end of June
Two exceptional performers are also impacted (Boston based).
Those roles will be backfilled in Westlake
My fate is undecided, just like others reported I have training tomorrow and will know Thursday
All high performers under me are being let go. The folks who received IP are being placed on performance improvement plans.
In my area, so far impact seems to be level 7 and above.
No word on what will happen to associates level 4 to 6.
I'm guess if we get new leader, those associates will be "evaluated" further
I'm specifically interested in L7 and below IC engineers. Are they affected? And are we just laying off entire teams located in NC?
@ad EIA is always given to folks who will be cut.
Never seen an IP receive an EIA.
It's always given to associates just before they are going to be eliminated so other teams looking to hire someone similar can hire them
People mgrs who received list were you surprised by list or have been involved in these discussions so had an idea on who will be impacted ?
Yikes, this isn't sounding good and appears the hit is broader than initial expectations.
Well, EIA has been a way to soften the blow for underperforming reps who are put on corrective action or IP… so how do we know who a “top performer” actually is
Can we at least get some details around who? Is it just agile roles? Is this saying only level 8+ is being laid off this week? Lower levels aren’t going to be notified until June? So we have to wonder if we are getting cut for another month?
We are cutting ties with NC team.
Platforms are going to have lead from Westlake and Boston.
3 locations per teams. My list ONLY contains high performers
I am level 8 manager from BRT experience.
There's consensus that the list we all received ONLY contain tech high performers.
Any updates from WI people manager?
@a6 Level 4-7 are still being evaluated which team they would land
I am in experience and also received same update
Wealth platform level 8 associate here.
I am definitely being cut as I declined my move from NC to Westlake.
My associates fate is in limbo. I have to let go two exceptional performers.
Two remote associates received two weeks notice. But people in Boston onsite are being terminated with immediate effect.
Squad lead, non technical BA's are also impacted
@a4 so L4-6 we won't know until June? Meaning will there be another round of list that is going to be announced?
I don't have any IPs in my list.
Two ESP, two contractors.
The contracts won't be renewed post June end, giving them a month to find something internal at fidelity.
I am in Wealth experience. If I am let go, my reportees will report to skip level.
@OP I confirm
I received as well. There are few title changes in our area.
Some level 8 and 9 are being let go. All associates under level 8 / 9 won't find their date until June end unfortunately.
@a1 OP mentioned two of the exceptional performers. So don't think they are laying off based on performance
Are they laying off everyone in squads? or any particular roles being impacted?
Can you tell us anything about who they decided to let go? IP people?