Thread regarding Fidelity Investments layoffs

Here, now you know why China is not a good fit for us. Just hilarious:
https://www.ferretingoutthefun.com/2013/12/04/best-chinglish-signs/

On-shore? Maybe the offices are onshore but if you look at many of the tech teams the talents all can be traced back to their offshore starts. How Fidelity got onshore and offshore blurred is beyond me. I hate to use the word 'they' but they bring their education, experiences, cultures and work ethics onshore and it has a name: Jugaadism. Expediency over the strive for excellence. Short over long term. Show over work. Managing up over standing your ground...

Politics aside, I like the model of off-shore manufacturing to China better. Like a football, Americans controls the two ends of the value chain: design and sales. The Chinese does the manufacturing cheap. With clear spec and quality control in place, whether they speak English doesn't matter. There are clear boundaries between on-shore and off-shore. You don't see Chinese overflow Apple's Cupertino office. Can IT off-shoring be done the manufacturing way? I don't know.

Fidelity is a stodgy/boring finance company that is only able to recruit average tech talent required for its trading platform.
With AI and data modeling based trading becoming more popular, we’ll see how Fidelity holds up against the “new” finance companies.

"You get what you pay for"

that is ALWAYS the case..... anyone who thinks otherwise is a Bean Counter with no insight into the quality of the work being performed period.

I spent a $hit-ton of time cleaning up messes made by "not getting what we pid for" which of course costed way more in the long term

A major, major incident will be required before anything changes. It’s only a matter of time.

I'd say average offshore China hire is working at an English level equivalent of a first grader in the USA. You get what you pay for.

Among every people there are the best, the good, the bad and the worse, onshore or off-shore. Fidelity's pay determines we can't get the best. Don't know how Fidelity pays off-shore but probably we're getting the bad and worse. With big tech such as Google started off-shoring, we're going to lose the good of Fidelity's off-shoring.

C suite would rather have cheap bad data than pay American workers what they are worth to keep things above board. It only matters if financials must be restated, but that will probably not happen if your auditors are also offshore.