Thread regarding Fidelity Investments layoffs

A bloated middle finger for the bloated management

Every company I have worked for the management chain is all Indian, they don't even care how ridiculous it looks. I know h1b using fake resumes and taking jobs from American candidates, someone 20 yr old from Mumbai would have 10 yr exp, while the american fresh grad will hit a wall finding the first job.

I was a frontline people manager at Fidelity. My manager brought me a resume for an contractor opening, saying this guy he plays cricket with doesn't have much education, but got ten years of experiences (1 year X 10 @ ICC), we could let the team interview him. "But of course, it's YOUR decision!". What can I do?

We hired the guy. Low to mediocre performer, away from work a lot for cricket tournaments. One year later we converted the guy to full time, as a senior, for the 1 x 10 years of consulting experiences he got on his resume. Within the next six months, two Caucasian L3/L4 associates left the company/team cause we can't promote them.

Maybe this is why Capital One forbid converting contractors to full-time employee.

And lots of Indians speaks their own language in same room where other person doesn't understand. Fidelity now a days practicing racism specially from people and group that from south India and nobody cares about it. They hire low IQ and help them on the basis of race and don't care about his/her talent, ganged up against non-south Indian pro people groupism, syndicating, dirty politics against non-south Indian person. How fidelity claim one of the diverse companies, there are same cultured, language speaking people in the team/chapter

For banks in the US, it's the same thing with their tech teams - around 70% - 80% are Indian, and some are 100%.

Indian only hire Indian. They are very racism. If they interview a non Indian candidate, they ask very difficult questions. For Indian candidates, they just do regular talk.

y'all are a bunch of xenophobes and racists. Instead of blaming greedy rich people, y'all blame brown people looking to better their lives and their family's lives. I hope y'all get your citizenship revoked.

A decade or two ago, Americans refused to learn and do the 'nerdy' tech job. Well we outsource to the people who are willing to do anything for a living.

Now my kid couldn't even get into the computer science program because it's so much in demand. Local talents abundant. They still outsource, for lower cost.

Tomorrow, when locally educated workforce can't find job, they'll cry. It'll become a political problem.

Yes, as one of the commenters noted, it's not only Fidelity. It's an industry problem.

So true. It the same in Ireland. When u walk in the office you would think you have walked in Mumbai supermarket.
There is also a lot of fear being installed. We were told by our head in Ireland not to be the source of gossip for these layoffs. In other words, dont talk about it. Sigh!

All of tech is idli dosa only. Not a single person outside south India, forget rest of the world, they don’t even have any from any other part of India.

I agree 360s are lacking. 360s should be a part of leader performance. I suspect we would have a lot of different leaders if we did have them.

Our talent is not where it should be but we also pay tech poorly relative to the industry. On lack of diversity, how about you objectively look at other companies diversity in tech and then compare it to Fidelity's and then post back? I'm not sure Fidelity is much different.

Thank you for saying the quiet part out loud! Good luck Fidelity, you might want to start thinking about selling off parts of the firm before you nose dive to nothing. Watch your 401(k)s people, transfer it the minute you leave. They started this war of employees vs. the firm. Fidelity is nothing without us, they seem to forget that. Buckle up, get your résumé out there and diversify! We the people will win!