I know Fidelity is trying to force people to quit so they don't have to pay severance but don't they realize some of the ramifications of this. For one they are going be losing the best performers rather that weeding out the lower performers. They are also going to pi-s off alot of people who have worked on some of their projects for so long that they likely have seen some less that legal things being done. The unfortunate fact for Fidelity is that NDAs do not cover anything criminal. I think anyone who is being forced out due to them making it impossible to work there should consider reporting such things. The FTC has a wonderful reporting system on their website that allows you to remain anonymous. Just make sure everything is true and then we get to watch Fidelity deal with the consequences of their actions
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It’s not a democracy, they only care if it makes them more money, they spin complaints as a few bad seeds that they will squeeze until you give up or give in. The Johnson’s are spoiled billionaires and can and will find replacements for us all, the holy grail is to replace humans with AI that does exactly what they want.
Have you seen the people who work here now? We already lost top talent and the tech teams are a joke.
There are endless places to squawk. I don’t think there is enough squawking. They silenced us internally. I would love to hear more from my colleagues.
It makes perfect sense if you know how much they defend the brand at all costs, Ned used to buy newspaper companies because he hated what they were saying. If we all keep squawking, Abby will find a way to shut this down as well. Profits margins will be preserved, this is a family owned business not an employee owned one. Executive presence while squeezing the weak… it’s the only way forward.
This company has fallen so far away from the days of Christmas parties in Boston with huge piles of shrimp. Ned would be ashamed of how employees are treated now. Can't even figure out how to count parking spaces.
Makes no sense. Why wait until people leave on their own? You can guarantee that by x date the cost of x number of people will be off the books and you know you'd be removing what truly is redundant. Why get people to naturally atritt and have an unknown timeline for when x date will have and how much x money it will cost. It's just a gamble at that point
This company doesn’t need top talent. We’re a discount broker that makes decent decisions but always follows the puck instead of going to where the puck is going. Our value is our IT and scale for cheap efficient investing, qualified plans, etc. we can have avg iq registered reps answer the phones all day for a non competitive wage and fid will be fine. The company only needs talent in the top prob 5% of positions.
This thing will run itself w 30k bachelor degree holders who had a 2.7gpa and can pass the series 7. And they’ll be happy being average bc of the 401k match it’s a nice secure place.
Our tech teams hire internally bc we openly admit we can’t afford a competitive salary for most tech roles so jus like to train ppl internally who will take less or don’t know better.
They’re way over their heads in HR complaints lately
I don’t think they care. They are way over their heads on HR expense paying insane salaries they offered during Covid and Abby’s amazing ideas not being as profitable as she thought. They need a free way to shed people, this is it.