Thread regarding Fidelity Investments layoffs

Are layoffs coming soon?

Has anyone heard anything?

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| 4151 views | | 11 replies (last April 12, 2023) | Reply
Post ID: @OP+1lZVGbSw

11 replies (most recent on top)

not to mention if you don't meet the gender identity qualities that they're aiming for, they won't consider you.

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Post ID: @7bca+1lZVGbSw

@3eft+1lZVGbSw I work near the Smithfield office and would go there in a heartbeat for a tech position, but the pay is below my current salary for the same position. It's just not worth the jump for less pay and hope to make it up in the bonus.

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Post ID: @5qet+1lZVGbSw

@3vju+1lZVGbSw you're 100% correct. On the tech side the pay is too low (gr 6 for a Sr Data scientist?) and dynamic working means you're limited to recruiting where there's a site...which outside of Boston and maybe WLK (and thats a stretch) our sites aren't located in hotbeds of tech talent.

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Post ID: @3eft+1lZVGbSw

Our group has a hard time finding qualified candidates. They eventually lower requirements and hire lower quality candidates.
This puts pressure on the squads and leads to overall lower quality outcome in order to meet delivery dates.
Part of the issue is recruiting process and part of it is packages being offered.

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Post ID: @3vju+1lZVGbSw

Fidelity should be getting good cash inflows from regional banks, money market's are paying really good interest now.

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Post ID: @3vui+1lZVGbSw

I've laid a few off in the conference rooms. It got messy.

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Post ID: @1cut+1lZVGbSw

I just opened 2 recs for additional heads to meet demand.

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Post ID: @1egm+1lZVGbSw

Today!

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Post ID: @1ldc+1lZVGbSw

Depends on your unit always. But some large parts of the company really want to focus on over-hiring and not being so barely-staffed. Wonder how they plan to handle that in the lulls……

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Post ID: @1fsl+1lZVGbSw

Things have slowed down significantly in my BU to the point where there is not enough work to go around for the amount of people they hired. Don’t have any real info but something does seem off.

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Post ID: @1ptz+1lZVGbSw

Haven’t heard anything but my fingers are crossed it’ll be me.

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Post ID: @1gbm+1lZVGbSw

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