Thread regarding Fidelity Investments layoffs

G1/G2 and RSR/RRM: a redundancy that could require a reduction. BOM/SBOM - the same...

Management was specifically told NOT to give opinion to reps regarding the buyouts. In the brief on these, the instruction was to NOT sway someone towards or away the buyout. As with many of these comments, I think there is a great deal of embellishment taking place. Will there be a reduction in workforce? Probably. Will it be 6000 employees? Doubtful.

If you speak to clients and are not terrible at your job, you will be fine. If your job is a redundancy due to DOL, you should worry if you are not performing well. Think G1/G2 and RSR/RRM as a redundancy that could require a reduction. Think BOM/SBOM as the same thing.

by Anonymous
| 2133 views | | 2 replies (last July 10, 2017) | Reply
Post ID: @OP+OcNv828
Comment! It's anonymous!

2 replies (most recent on top)

You appear to believe that no managers "influenced" their employees. You my friend, are delusional. Hate to tell you that you are misguided. Much of my department is gone because our manager told us to reconsider the buyout we initially rejected. Fortunately I have wonderful clients that I interact with daily and have had great success at fidelity over many years. Thankfully I found employment where I can continue my long standing relationships doing the exact same thing I did for fidelity. My timing was fortunate. Do not believe for one second that just because management was told not to influence employees, that they didn't. We were warned (threatened?) of impending layoffs.

by Anonymous
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Post ID: @bzo+OcNv828

Management may very well have been told NOT to give input, but mine DID! I had NO intentions of taking the buyout. 3 kids in college, 1 in high school, you think I wanted to go looking for a new job at 55+? Thought I had a relatively secure position until my manager told me I should reconsider. No, I am not embellishing. My managers suggestion that I reconsider had me running for the door, and many of my coworkers as well.

by Anonymous
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Post ID: @fbl+OcNv828

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