Yes definately more coming in October and then more in Q1. Face it, Vanguard has 6000 employees and Fidelity has 50000. Who is getting all the new money? I agree -rip off the band aid and get it over with quickly but hard to do with stocks at all time highs. Wait for first real market correction before the big purge.
Unfortunately, it seems that October layoffs are truly inevitable. I have seen this mentioned in several places. No official confirmation, but the writing is on the wall.
Jackie, I agree with you. Especially up here in MMK.
If you're close to 50 at Fidelity & female, be ready to sever ties. They are ruthless. Then you really find out how awful the work conditions are, they nickel and dime you on the way out the door. Zero accountability.
Read more here about how Fidelity is firing employees
https://www.thelayoff.com/t/SUABhNe
I heard another VBO would be offered; but that is not from a reliable source. I'll be glad when October is over!
Anyone else hearing that the October layoffs will be widespread with a targeted 10% of total workforce.
More internal rumors about October. Last Vbo did not achieve targets. What is not a rumor is the budget layouts till 2020, with definite cutbacks.
Sounds like someone is blowing hot air....no proof!
Any of the finance jobs going to be affected?
Hearing Oct 3rd is the day. Lots of IT cuts. They are starting to ramp up 24x7 IT staffing in India, but trying to keep it hush hush.