Thread regarding Fidelity Investments layoffs

It’s Coming.

I’ve heard from multiple people directly, above Director level, that some BUs are bracing for layoffs and NOT a VBO announcement. In the current climate with so many other shops cutting staff, they don’t think negative press will register. Anyone else hear similar news?!?

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| 4173 views | | 17 replies (last February 29, 2024) | Reply
Post ID: @OP+1re9eXMg

17 replies (most recent on top)

Anyone have timing on this?

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Post ID: @5ava+1re9eXMg

Hurry Up and do it!! Waiting! 🙋🏾‍♀️

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Post ID: @4gnd+1re9eXMg

Could be true.
Small well publicized layoff to instill fear and quiet those rumblings about WFH changes.
Since “leadership” is fear based at Fidelity, this would get people to fall in line.

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Post ID: @3vlo+1re9eXMg

As that multiple competitors did a layoff already, we are over due.

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Post ID: @2rue+1re9eXMg

20% or heads roll it’s the grim reality that the Johnsons expect for their continued interest in FMR co. Hail the grim reaper Roger into PI!

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Post ID: @2ehp+1re9eXMg

@brandon you were new to Fidelity once you arrogant 💩 they could’ve been talking about you, BU - ba----d under/performer

Take a look in the mirror you’re the problem. BU XO

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Post ID: @2bdp+1re9eXMg

I wouldn't be surprised to see layoffs or extended VTO offered. They're giving groups flextime off the phones during tax season.

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Post ID: @2dnk+1re9eXMg

Why is that everyone angry on tech team especially Devops in Boston fidelity???

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Post ID: @1iuv+1re9eXMg

My group is adding heads everywhere, like within the past few weeks.

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Post ID: @1zgi+1re9eXMg

Stfu about dev ops in Boston

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Post ID: @1vfn+1re9eXMg

@1oxu+1re9eXMg - it stands for Business Unit, LOL.

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Post ID: @1ojy+1re9eXMg

So are they not giving 2 weeks of severance for every year with a layoff?

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Post ID: @1hdd+1re9eXMg

Wouldn't surprise me if they cut after tax time when it's slower

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Post ID: @1yeg+1re9eXMg

What BU's would most likely cut? I'm in customer service lol

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Post ID: @1sdd+1re9eXMg

what is a BU lol

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Post ID: @1oxu+1re9eXMg

What about Tech Teams in Boston - Especially Devops side? Any News

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Post ID: @xcy+1re9eXMg

no and my group is still backfilling everyone who leaves and just added to staff. Certainly not in customer facing roles.

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Post ID: @los+1re9eXMg

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