Thread regarding Fidelity Investments layoffs

Fired after 8 years at Fidelity - Toxic environment

I was fired by my manager after 8 years at Fidelity. The reason - we need younger talent and more space for client facing individuals. I now have to look for a job and a sponsor for my work permit. It is rumored that a new round of RIF is coming very soon and will impact many employees in Durham and Boston office. Fidelity is managed by greedy mangers and toxic leadership resulting in termination of tens and hundreds of highly competent professional workers.

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| 3311 views | | 14 replies (last October 31, 2024) | Reply
Post ID: @OP+1uMfnOHZ

14 replies (most recent on top)

People do get fired due to age.

I've worked at Fido a long time and they definitely try to keep the age of the workforce at a certain youthful level.

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Post ID: @umob+1uMfnOHZ

"It's your fault!" -Fidelity's canned response to anything malicious that happens to an individual at fidelity. Surely it is not the institution that did wrong!!

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Post ID: @uzvh+1uMfnOHZ

There is zero chance you were fired due to age. This makes this entire post BS.

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Post ID: @9mri+1uMfnOHZ

OP is full of malarkey

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Post ID: @1hdn+1uMfnOHZ

If they actually gave you that as the reason, go see an employment attorney right away. I was part of a layoff once and someone told me that a senior leader announced the layoff by saying something like “you should thank the senior people whose roles were eliminated because it saved the junior employees.” Something overtly ageist like that. And in fact the layoff included people of a significantly older average age than the general population of those not laid off. If you’re over 40 you’re a protected class. I used that as leverage to get more severance.

But yeah this story doesn’t really add up for me.

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Post ID: @1luh+1uMfnOHZ

Are you a contractor or employee? Something about this sounds fishy.

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Post ID: @fgj+1uMfnOHZ

It’s not damage control, just a lot of people who know it’s nearly impossible for people to get fired.

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Post ID: @pwj+1uMfnOHZ

Hmm. Fido damage control in full swing here.

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Post ID: @qbh+1uMfnOHZ

Are you sure you are fired and not layoff with severance package . As firing shouldn’t be surprise you know the reason and it can’t be what you stated

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Post ID: @jhw+1uMfnOHZ

It’s pretty hard to get fired from Fidelity. Takes a lot of documentation and meetings with HR. I think you need to introspectively look at how you worked here and what you did. People don’t get fired to let younger people into the firm.

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Post ID: @qto+1uMfnOHZ

I have people who are openly racist and s-xist on my team who haven’t been fired. The post about it being hard to get fired is true

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Post ID: @ung+1uMfnOHZ

I highly doubt you were fired for the reason you provided. It takes allot to get "fired" from Fidelity. Fess up.

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Post ID: @nmf+1uMfnOHZ

Well Boston and NC make sense. There is overcrowding in NC and obviously Boston has the highest paid employees. Also it seems like Boston is being hit now with all the retirement announcements.

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Post ID: @tbs+1uMfnOHZ

Did you have any warnings?

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Post ID: @kku+1uMfnOHZ

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