Thread regarding Fidelity Investments layoffs

Incoming January layoffs at Fidelity

I've been seeing January mentioned as the month of layoffs at Fidelity, but nobody gives any details on where the information came from.

Anybody knows if this is something that we should worry about, or just another unsubstantiated rumor? Any info would be appreciated.

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| 4859 views | | 13 replies (last January 10, 2018) | Reply
Post ID: @OP+R3aLEWi

13 replies (most recent on top)

Heard of more than 30 in PI and Tech in the past week. They were not placed on squads and told this Friday is their last day. Long time, high-performing associates, and mostly 50’s/60’s from what I’ve seen, but some in their 20’s. Most contractors are gone now too.

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Post ID: @7dxg+R3aLEWi

2 more confirmed in Smithfield from late last week.

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Post ID: @6wuv+R3aLEWi

First Tuesday of every quarter unless holiday week. Expect this to continue for the forseeable future in small doses until market finally corrects. Then a sizeable one.

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Post ID: @5ptp+R3aLEWi

PI Covington Tech took a big hit on 1/3, 1/4 and 1/5. 11 people affected that I'm aware of.

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Post ID: @4sdw+R3aLEWi

Some people are finding out today in Smithfield

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Post ID: @2sup+R3aLEWi

Some people are hearing as of today :(

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Post ID: @2nof+R3aLEWi

What departments in Covington?

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Post ID: @2mmg+R3aLEWi

I heard of two people that were RIF'd in Westlake (D1), their last day is 3/31 :(

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Post ID: @2zpi+R3aLEWi

I heard of two people that were RIF'd, last day 3/31

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Post ID: @2fqb+R3aLEWi

I can confirm a colleague in Smithfield was notified yesterday.

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Post ID: @1lqi+R3aLEWi

Multiple people in Covington were notified that 1/12 is their last day.

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Post ID: @1lua+R3aLEWi

I know someone who was told yesterday.

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Post ID: @1seg+R3aLEWi

I know for a fact there are more layoffs happening on 1/9.

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Post ID: @1azf+R3aLEWi

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