The Covid hired managers (not talking about race, just those who can’t keep up and were obnoxious while they had the Covid protections) have been so stressed in the office.
It’s been too long for them to still be stressed from the RTO announcement. Anyone know what management has going on?
The constant reorgs are mind boggling.
L1s and L2 sure didn’t openly mock Abby like they do in meetings with people who are grade 2, when Kathy Murphy was here.
She was someone who actually had power. No one has power or confidence anymore
@at You have been drinking the Kook Aid for far too long. The place is pure chaos, and everyone is indoctrinated because the money (inclusive of the 401k match, bonuses, shares, extra gifts of money, $5k here and there, concierge, perks, etc.) all adds up to a good income and therefore the golden handcuffs keep people su-ked in and tolerant of promises by Abby that are constantly broken, by leaders who bicker with each other, by the last several years of constant shifting leadership and their latest priorities taking center stage. It’s akin to watching children fight on the school ground. There is no sanity. And no cultural stability. We bleed green because we bought in. But please do not try to convince yourself or others that this is normal. It’s not normal. Not just the layoffs, but all of it since Kathy Murphy left.
No one knows! There is absolutely no point in speculating about the up coming re-org post this layoff. Plenty of people did previously, they were encouraged to take new positions without another options essentially. Product to SM, Engineer to SM, MADE to SM. All to be laid off. And guess what, they STILL have an amazing resumes despite whatever title they were given by HR…
I think what people are missing is this IS the fidelity WAY. So many other companies blindly lay off employees. This is a decade long initiative in which the Spotify model was never fully envisioned. If it were serious, to scale across orgs — they would have adapted SAFe instead of tribes, chapters, etc. before Spotify, they didnt because product didnt exist in Spotify, and SAFe arguably has tooooo many product roles.
Before this, leaders were actually implementing that scaled approach on their own without the weird titles. AM is a great example of this — to push a tech org strategy on investment professionals genuinely could have been an SNL skit! It NEVER made sense! Not even for tech orgs! Just a bunch of extra admin cr*p and a sly way to cut positions in the future that engineering didn’t seem “valuable”
We have ALWAYS done big room planning. That won’t change! People will forever argue about waterfall/agile. Fidelity is its own machine, and their tech structure doesnt exist in a vacuum. These re-orgs are well thought out strategies to push employees out (RTO), replace them with industry titles (scrum masters), and make product and engineering fight with one another about who should be driving initiatives.
I know it may seem scary right now, but this is a time where no one really knows what the next step is and that truly is a safe place to be. The best approach is to be agreeable within reason, and concentrate on your work. I know its easier said than done in this type of environment — but the writing has been on the walls since Leap was introduced.
Talk to your peers, avoid the cynics and be proud that you have worked or still worked at fidelity. Thinking of all affected, and excited for what’s to come next for you all.
There’s a bunch of reorgs coming down the pipeline.
@OP there is a new operations model brewing that will shake up all the teams that are in and support technology as well as marketing etc. the engineering teams will get crushed from one team to 3 to 5 teams put together. The squad leaders will no longer lead the team. There are going to be new titles everywhere. Where it will all land, who knows! There seems to be zero strategy, that’s for sure.
We had an RTO order three weeks ago, a layoff two weeks ago, and we are still hiring. Theyre probably stressed for a ton of reasons, as we all are right now