Let’s talk about what happened in May. I was in the layoff group and I’ll tell you my clues specifically in wealth that I picked up on that warned me ahead of time. Granted I wanted to be laid off so I could leave with severance. Wealth head’s... — read more 

One of the most parasitic creatures in fidelity is architects. Most of them are completely useless and talks rubbish in the calls. They are the biggest bottleneck to delivery. Why do we need these low calibre people?.Most of these people are from... — read more 

Fidelity owns 10% of SpaceX, ironic that employees can't participate in IPOs but Fidelity itself can. Anyways do you think the success/failure of SpaceX IPO will impact the NAV of chairman shares?

Question for the people who were laid off in May, did you get your match true-up contribution last Friday ?

Is something coming in June or not?

Every time I scroll through LinkedIn, I see the same carefully curated posts about how great everything is. It's like reading propaganda. Nobody who actually works here believes any of that cr-p.

I believe she will falter and rethink the FT RTO. It’s a bad decision it’s creating animus and very bad publicity which isn’t good for the bottom line. People don’t like seeing their accounts handled by newbies outsourced and disgruntled... — read more 

Anyone ever had their bonus be $0 due to not working the full 8 hours in office on connect weeks?

My group in FI which I guess is now in Fid Wealth (though we haven’t heard anything on how that impacts us) is so insanely understaffed and the environment is so toxic and depressing it’s almost like it has to be on purpose. A bunch of tenured great... — read more 

A scrum master now is having a same title as level 6 analyst. And then another scrum master is now Director IT project manager. Level 6 & 7 roles used to be hard earned positions here. One squad lead is Director while other is Engineering... — read more 

I'm seeing some linked in posts where people are 'so excited to announce I'm taking a new position as a director in Fidelity blah blah ' where they were formerly VPs. Of course one in particular I saw scrubbed that gleeful vp announcement from 3... — read more 

It's harder to stay focused because nobody seems sure what the plan is anymore. We're still doing the work, but we're being kept in the dark on so many things. I'm getting really, really tired of it.

Have read this a lot.. The problem with this logic is that it is exactly the strategy used to hire them in the first place (internally from other BUs using Spotify model) what your missing is that this is was designed to fail and there was... — read more 

Confirmed cuts are coming this fall, although this won't be sudden. Impacted folks will be communicated that they have X number of weeks to transition into a new role within fidelity or negotiate severance. Some folks will be given till end of year... — read more 

After the recent Fidelity layoffs, leadership mentioned moving toward larger consolidated teams starting in June. I haven’t seen any changes in my business yet. Are others seeing team merges already? Is this just taking longer than expected, or are... — read more 

Embrace the change, sit tight, navigate it with optimism. How tf am I supposed be do that when I do not know if I will have a job in coming weeks, months??

There's growing chatter about people being cut due to less token usage. If you weren't heavily using your copilot, it's being seen as "you're not growing" and "adapting" to new technology. To me it's seems mo--nic, It's another metric of punishing... — read more 

To everyone who served their last day on May 29th, thank you for everything you’ve contributed here.. As the community navigates this transition, many are trying to understand the baseline support the company provided. If you feel comfortable... — read more 

Years of hard-earned shares, gone in a jiffy. People poured everything into their roles, and just because the company decides that a role no longer exists, with zero explanation, zero rationalization, employees are left holding the loss. And the... — read more 

Talked to a few hiring managers on Friday and they all echoed the same thing , the last few weeks were the toughest they’ve ever had to maneuver. Every open position was flooded with applications . multiple leaders recommending and putting referees... — read more 

What happened today? Why are there so many meetings today? Any announcement coming up ?

Well folks the day has come as my last day here at fidelity. To this community I want to say thanks for the entertainment and the small pockets of actual true facts warning on layoffs. To those affected by the layoff I wish you the very best and hope... — read more 

Fidelity layoffs hit Covington campus CINCINNATI (Cincinnati Business Courier) - Fidelity Investments has laid off several people from its Covington... — read more 

After 36 years at Fidelity, I have learned that every generation of associates eventually faces a moment when the conversation gets heavy. People start asking whether the company is changing too much. Whether the culture is still the same. Whether... — read more 

When is phase 2? More lay offs? More desks?

What happened to the post where someone got so mad they stared ba----g their shoe on the table? None of this nonsense would have happened if Kathy Murphy was still here. SMH

Nothing and I mean nothing scares ppl investing with any bank more than turmoil and unrest. They are really pushing for massive layoffs done by silent workers being threatened long insane hours and excessive workloads. They WANT this to happen. ... — read more 

Anyone going through that recently? I got this fu--ing annoying member from another team, who is good for nothing. Yet, I can see behavior which always cause chaos, trying to step on everyone’s toes. Matter of time when someone asks them to “calm... — read more 

My gut feeling is they don't know what they are doing and are just trying another model that will also fail. There are so many groups to all running around "getting alignment" with each other that they fail to just get the work done. They could be... — read more 

You gotta be freaking kidding me. After 6+ months of torture, we gotta endure 3 more months of this bullsh-t???? Fidelity seriously needs to prioritize how it's affecting mental health of associates.

I heard contradicting statements on whether we will continue to get severance even if we join else where.

That's it that's my post. Somehow we lost this. I think all of us have a hunch why.

The rumors have been floating around for weeks now that more is coming, but nothing official just yet. Has anyone heard a date or even a rough timeline for when the next round is supposed to start?

Best advice I got when I was laid off a few years ago was to treat job hunting like a full time job. Job hunt and interview for the full work day, but constrain it to work hours. Take breaks, meet people for lunch, and most importantly sign off at a... — read more 

Anything to the rumor that she will leave in the next 3-6 months?

Management said that people are more productive at the office. Why would they start telling the truth now? Senior leaders are as trustworthy as a politician.

All anybody cares about here is making more money for those on top. We're not even an afterthought.

What does fidelity care about and not care about as far as giving back equipment? I’m hoping I can keep the monitors, docking station and webcam but obviously won’t steal them. According to the fid central site if equipment is older than they like we... — read more 

That seemed to be the only qualification for people who were promoted. Not really anything other than their manager liked them and they were in the office.

That’s all.