Thread regarding Fidelity Investments layoffs

Why associates who were hired to be fully remote per their offer letter now need remote exception??

what is the logic? Is it just another way to silently lay off? what about talent loss?
I have 3 amazing folks on my team who were hired during pandemic and are fully remote. I have to acknowledge these folks are way better in their skills, dedication and overall work than 7 others who stay near office and attend connect weeks in person. Lot of these 7 have been with firm for more than 18 years and pattern is to find reasons on why they cannot do assigned tasks. Until those 3 fully remote folks were on the team, my manager did not know what best look like. They helped us move faster in several areas.
My concern is if they leave then we are back to old school thinking where lot of folks have a very low bar in quality and speed of completing work! I hear from them is they all have remote offer letter but were told their managers have to create exception now and it can be rejected.

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| 1204 views | | 5 replies (last June 21, 2024) | Reply
Post ID: @OP+1t7wNbPv

5 replies (most recent on top)

Jeezus, how greedy can they be? How much money does one person need? Abby Johnson you are failing your dad and all the people that work for your company. WAKE UP!

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Post ID: @1jsp+1t7wNbPv

sorry op here, I am native Arabic speaker, so my communication is not fluent.

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Post ID: @1prk+1t7wNbPv

No relocation support. No travel expense support (when they have to +2hr drive to the office and stay at the hotel). No severance pkgs...

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Post ID: @1jsc+1t7wNbPv

No offense but if their grammar is like yours it's obvious that they need to be in person to communicate effectively.

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Post ID: @sxe+1t7wNbPv

Yes this is how companies are now laying people off without having to announce more layoffs or pay a lot of severance.

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Post ID: @xnu+1t7wNbPv

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