Some folks, while commenting layoffs at Schwab, are making it pretty clear that they feel secure from layoffs here. I think that's great but at the same time I'm wondering what makes them so sure that their positions are safe?
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That will be my last comment on this site, and you folks should do the same. This is a waste of time.
First, safety is an abstraction that we humans developed to handle the life.
Viktor Frankl's ideas from "Man's Search for Meaning" mention that you can find safety on their inner thoughts, decisions and attitudes despite any external challenges and pressures.
The same generation of young people joining Fidelity will be starting their 401k and if you don't understand or able to share values that you desire for Fidelity so you cant do for the customers as well. You can have the best PR and marketing but like as "Karamazov brothers" behaviors reveals their true beliefs, the employees and leadership behaviors reveal the true company culture.
Bye!
Fidelity is privately owned, so they're not beholden to the whims of quarterly earnings reports. They can invest in long term projects, as they do. Tech infrastructure resiliency for example, that would never get funded in a down market at a public co.
They do have a demonstrated history of caring for associates in a broad sense. You may be unhappy with your job or your boss or mandatory onsite time, and those complaints are valid, but the company simply does not casually tell big swaths of employees to eat sh-t like some corps do.
Your job is not safe, it never was. Money eventually runs out, and good management can't ride out a bad political administration indefinitely. Good managers eventually retire and get replaced by those with an agenda, or just plain sociopaths. Lots of younger hires are beholden to a political-turned-religious belief that devalues America's most productive demographic. All of this is worse at other companies, somehow