Thread regarding Fidelity Investments layoffs

Size of the list

If you’re over 40 and you were affected, you will be receiving a list of those included in the layoff and a list of those not laid off. Not with names, but with titles and characteristics. It would be interesting to hear how many associates are on your layoff list.

Here’s what should be in it:

Mandatory OWBPA Disclosure (for Employees 40+)When a reduction in force (RIF) involves two or more employees and a severance waiver is requested, employers must provide a written document containing:The Decisional Unit: A description of the specific group, class, or unit of employees that was considered for the layoff (e.g., "all employees in the Accounting Department").Selection Criteria: The eligibility factors or criteria used to determine who would be laid off and who would be retained.Job Titles and Ages (Selected): A list of the job titles and ages of every individual in that decisional unit who was selected for the RIF.Job Titles and Ages (Not Selected): A list of the ages of all individuals in the same decisional unit who were not selected for the layoff.


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| 1 view | | 5 replies (last May 9) | Reply
Post ID: @OP+1kr683d8f

5 replies (most recent on top)

what that means is some random younger folks are included in order to ensure the ratio is not biased. so they lay off the level 7 in level 8 low level managers that they want to for budgetary and structural reasons and then append it with younger folks that are not exceptional performers and maybe are at the top of the pay band. so if you were an SP and at the top of your pay band and younger, you could have randomly just been grouped in. they probably also targeted IP rated individuals and individuals that did not obey -oops be compliant the in office thresholds that they know and have not shared with us.

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Post ID: @be+1kr683d8f

@b4 what is the packet you are referring to? Bit confused as to how to get this info

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Post ID: @bc+1kr683d8f

Last layoffs (march2024) when i counted packet had a list of 3000+ and news media said 700.

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Post ID: @b4+1kr683d8f

They’ll be given it in their packet. Over 40 is a protected class so the company has to prove that the impacted population isn’t older than the non-impacted population. They don’t make it easy to do the math because they give it to you in a pdf but theoretically it should show no age bias and if it does then you have a case.

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Post ID: @an+1kr683d8f

How will they get it? What is the process to get it

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Post ID: @aj+1kr683d8f

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