Thread regarding Fidelity Investments layoffs

No Future Layoffs Planned

Discussed the rumors with a GM and SVP at 2 different sites. There are no additional future layoffs planned. So regardless of what you may hear, ignore it because it simply not true. Now what could happen are possible one off job cuts here and there due to firm restructuring. What that means is, if there are numerous different job titles reporting under different directors are VPs, or SVP's, then they may want to consolidate rolls that are very similar and have them report up through one person. If people are to lose any jobs between now and October, it's simply collateral damage from restructuring. And again, it will be very very minor with a few one off or handfuls of folks with redundant or overlapping rules. The layoffs we experience yesterday, were directly related to performance, tenure, and more importantly job elimination. Meaning certain roles were done away with or certain departments within a particular site was down away with in order to decrease the cost and headcount in positions that are less needed. So again, there are no plans of layoffs in October. It's simply possible that there could be a handful of folks that are impacted due to restructuring. But that would be very minor, and those people would be made aware well ahead of time.

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| 1452 views | | 1 reply (July 13, 2017) | Reply
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Amen

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