Thread regarding Fidelity Investments layoffs

Any G8 who were force to take a pay cut to G7?

Heard some G8 were force to take a pay cut and become G7 and if they didn't accept those terms. They're gone and would not even get the severance package.


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Post ID: @OP+1kr58z00s

6 replies (most recent on top)

@d7 are you the albino sh&t? No character or talent?

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Post ID: @eg+1kr58z00s

@cv Indian sh&ts

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Post ID: @d7+1kr58z00s

@cf, thanks for sharing. This happened as part of the "Thursday event" or later? Anxious about my own fate(L8)

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Post ID: @cm+1kr58z00s

Yes. 1:1 with my manager I was told that my position no longer supported my level. VP (L8). I was given the option of demotion to director and move to another group or separation (with a small severance)

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Post ID: @cf+1kr58z00s

Is this what one poster here said "almost get laid off"?

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Post ID: @c5+1kr58z00s

This is true, I know three personally that are impacted. They were called into a flash meeting first thing in the morning and told to take a pay cut or find employment elsewhere. I cannot verify whether they would not have received severance, however, because all three took the pay cut—that’s just how much all of us here love working for Boston dev ops.

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Post ID: @ae+1kr58z00s

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