Thread regarding Fidelity Investments layoffs

Power Takeback

Despite the record profits. The company replied with reduction in benefits, chipping away at things that made our work slightly enjoyable in office, intentionally understaffing cafes, reducing budgets, poor employee experience management. The extent at which things are being fumbled, it appears that this is intentional. I suspect that the company (and from reading other companies forums - other companies ad well) is attempting to regain the power it lost by creating an artificial crisis. What I don't think leadership realizes is that this is making us focus even more on the relationship between the working class and the leader. When things are going well for us and we feel comfortable - we have no reason to question the status quo. I hope this little experiment fails miserably.

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| 1923 views | | 9 replies (last November 9, 2024) | Reply
Post ID: @OP+1vgv073F

9 replies (most recent on top)

@1dxl+1vgv073F when you said the word “back”, did you mean seeing everyone back in the office? Or everyone else’s big back in the office? That’s a nice double entendre right there

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Post ID: @9ayt+1vgv073F

We will have a fascist in the white house so either he will tell you what to do, or your rich boss will, but 5 days a week coming.

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Post ID: @6brn+1vgv073F

It’s about damn time, get the freak show people out.

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Post ID: @3dra+1vgv073F

speaking of Abby, you spelled cu*t wrong

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Post ID: @2aga+1vgv073F

judging by everyone’s BMI now that I have to see everyone back in office, none of you have any need for a fitness reimbursement

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Post ID: @1dxl+1vgv073F

You mean $1000 or $500?

And now no fitness reimbursement

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Post ID: @1iqk+1vgv073F

It’s because Abby is pre-programmed to be cost obsessive. Cut, cut, cut. Economy, economy, economy. That’s good stuff, but it needs to be balanced with a little more splurge here and there to keep folks motivated or at the least engaged. That one time 5k bonus at the height of Covid bo-m was nice Abby, but something like that needs to happen a wee bit more or else folks will start to suspect work hard or work little, the bonuses will always take the same shape.

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Post ID: @mbf+1vgv073F

I mean here’s my thing. Fidelity has set the pace and example that they do bare minimum, do sloppy work, don’t communicate, and absolutely don’t “tell it like it is”. So I will follow their lead and do the exact same: the bare minimum with little to no communication when things get hard, and absolute sloppy work as possible without getting noticed. Oh that and taking a ton of $hits while in the office using 4-5 seat covers

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Post ID: @jus+1vgv073F

You mean record revenue? What you don't see is the mounting cost and competitive pressure. Since company is not my family, I don't blame it for preemptive cost cutting at the time when it's least likely to be blamed.

The problem is cost cutting where? Working at the very bottom, the need-to-be-cut wastes, fats and slacks are right in front of my eyes yet there is no way for the upper to see them, because they're the middle that blocks the upper from the ground truth.

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Post ID: @flr+1vgv073F

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