Two grade 7s in different BUs confirmed they’ve heard more chatter about new upcoming layoffs. Maybe due to the market drop or not as many people expected to quit in Sept/Oct due to strict new return to office rules? Anyone hear anything?
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The only positive to going in the office is that you hear the rumors faster and can spend all day walking around gathering info.
I’m in the office this week and all people have been ranting about are layoff rumors. At least in my area of rows and rows of cubicles in 900 SMT. People are so miserable and now afraid of losing their jobs. This pace is so toxic.
you people need to freaking relax
@8csj+1tQ65MAv If I knew who you were I would find you and help you understand you're a b i g o t r a c i s t! I'd pu nch you in the face too. Your ignorance is astonishing. I hope someone figures out who you are sc-mbag.
@8csj+1tQ65MAv get help for yourself.
when you create division based on individual characteristics that are irrelevant to the quality of work
That's literally what DEI does, though
There is a whole department staffed by spiteful mutants that wants to rub our noses in the fact that legally we have to pretend these people are our equals when they are not
The people that keep pushing the anti-DEI agenda are so annoying. Wake up! Who benefits when you create division based on individual characteristics that are irrelevant to the quality of work? Who benefits when you focus on dividing each other? Those in power, aka the elite, the rich. It's classic divide and conquer. Stop focusing on DEI, and start focusing on who chose to set up the systems that made you have the life you have.
@5bbw+1tQ65MAv How can you search other people’s one drive?
For those saying RTO will help weed out the bad workers - you think we didn't have these same types before COVID?
The company needs the headcount to go down and people in offices for tax breaks.
Just do a search on OneDrive. The communications people leave their docs accessible to anyone.
Just think, you work really hard and are going to get laid off while the dozens of people in the D&I food chain have forever work.
No question that there was a lot of hiring based on non-skilled qualifications during covid. It will take layoffs to slowly weed them out but the fallout is we are going to lose skilled and hard working folks as well. The RTO policy is just to make this go faster. We all have people who su-k on our teams. I’d rather go in the office a few weeks to get them fired faster rather than work with them remotely.
Tbh there are a ton of Covid hires that should be laid off. They cause a lot of problems in my department and aren’t really skilled. It brought down the stats of the employees that were high performers before going remote.
We need to go back to the office so management can get their heads out of their a$$es and see the people who are not working.
Also with all the fraud that’s going on. I assume it’s eating up extra money and there will be layoffs. Less work, more bots, and a tech team that is worse than useless.
What is your level and role?
Tough comment section. FWIW I did hear layoffs are coming in August.
sounds like we can lay off most of the grade 7s and not lose anyone who knows or does anything
As a fellow grade 7 i can confirm they don’t tell me $hit about this stuff. It’s all just rumor mills. What we can expect is to see people let go who had remote exceptions coming to an end in September and they refuse to go back in. Su-ks but it’s the law of the land.
As a basic a** level 7 director, I confirm what previous poster said, we know nothing about this sort of thing. I, for one, do not get wellness calls from mommy though.
It seems like way more people are leaving than expected in December. At least with a layoff they will have to publish it and give severance. They can’t be secretive like they have been with the remote exceptions.
@qgp+1tQ65MAv Person just asked a question. No need to break out your in-office passive aggressive miserable personality. (You’ll get to a grade 7 someday).
And yes, I’ve heard Fall layoffs as well.
there will be no layoffs. Laid off fidelity associates cannot swipe their badges for connect week. We must remember what is important.
Nope
Grade 7? lol. Yea grade 7 is a basic a-s director, many of them still getting weekly wellness calls from mommy. If layoffs are planned, it will be tight lipped between the senior executive team and the highest levels of HR (needless to say, higher than 7).
Rumor since the last layoff has been that there will be more layoffs in the fall. Typically Fidelity is contrarian in that in down market swings Fidelity acquires new talent, then when the market is booming they do layoffs.