Thread regarding Fidelity Investments layoffs

RTO is just another attrition strategy

What will you do? Relocate or quit? For me, personally, relocating and respecting RTO rules is prohibitively costly, both in financial terms and with respect to time loss. When I put everything together, it just doesn’t make any sense for me. I will probably quit. Already started looking for another job, and actually have positive experiences with the current job market. I refused two offers bcs I figured something even better could come my way. In any case, I’m in no hurry. What I’m 100% sure of is that I’m not relocating for this company.

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| 1254 views | | 3 replies (last August 28, 2024) | Reply
Post ID: @OP+1udj6CLN

3 replies (most recent on top)

I can confirm. I asked for $500 to relocate across the country after the RTO announcement. They said no, so now they’ll spend several thousand to hire my replacement. And I’m an EP.

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Post ID: @1ivq+1udj6CLN

Question - did you join Fidelity with a remote 100% wfh role and were told you much do the 2 weeks ? Or did you move during wfh and lost the gamble? Just curious. As have been stated in other posts regarding RTO, I can't help but think this is what they want to avoid paying severance. But, like offering a VBO - they will be sorry when talent and competent employees go elsewhere.

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Post ID: @dxh+1udj6CLN

Heard that any relocations are paid for entirely by employees.

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Post ID: @nhw+1udj6CLN

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