anyone speed read overnight???

Because this state is driving young adults out with zero affordability. Boston rent is off the charts, it’s unsustainable here. The governor has not met a tax she didn’t like we are quite literally being squeezed and taxed to death here. So don’t... — read more 

Let’s share some here. Real ways to get through a layoff, since many people here are very worried.

Share the wealth.

Like many folks at Fidelity, most people don’t have a separate QCI meetings but those managers randomly schedules a QCI this Thursday can only mean one thing. RIF. The RIFs have been verified by multiple sources who have access to high level... — read more 

Not here to contribute to saying a layoff is/isn’t gonna happen. That being said, I took 0 hours of PTO when I was laid off. I was surprised when I had my PTO hours paid out to me in cash. That and equity all paid out to me in a lump sum for each... — read more 

Anyone have any realistic estimates of how many will be impacted by the alleged layoffs this week?

The consensus seems to be this Thursday. I haven't heard much beyond that. If the rumors are true, does anyone know which orgs or roles are on the block?

So is the firm just cleaning up the unqualified people that were promoted over being fired during the pandemic? Those are the only people I know who are overpaid. Everyone else doesn’t make what they’re worth

By being 6 years into this. Some were hired as hybrid, and yes I know a company can change their business model whenever they want, but it also breeds bad faith and discontent. Many people were hired as hybrid or having spent 6 yrs wfh have built... — read more 

Would they make them axe people on their team first, then they are cut? lol I want to be in those meetings

I've been here five years and the last five have been miserable. If they offer a package, I'm gone the same day.

Management in my BU looks mostly upset about having to come back to the office. No one really seems to think there will be layoffs. It makes me feel better that the leaders are also unhappy about having to come back to the office.

We all know that’s not happening.

This varies by state, but in my state (Ohio) severance pay is deductible income that will reduce unemployment benefits 1:1. Does anyone know if it's possible to negotiate having the severance assigned entirely to the week of separation so that we can... — read more 

Looking to see if any word. I’m scared.

She is 64. Will she retire soon? Maybe things will get better then? 🤞

It seems like the roles impacted are only tech and agile. What would be the reason to bring the whole company back other than phones, if there’s no RIF impact? Based on what’s posted here if there’s so many groups with zero impact. Why make... — read more 

They want us to quit? Guess what, you’re stuck with me until you lay me off 🤣

There’s no way fidelity will layoff a significant portion of the staff. Abby doesn’t want to let her friends go. The tech teams might be impacted, but with no vbo, how likely is it that there will be layoffs.

I will never be available outside office hours again.

The reddit post on the official Fidelity page titled "Fidelity to bring employees back to the office 5 days a week" with links to news articles was removed after 20+ hours of significant... — read more 

For a while, I was afraid to commit But this week I will be going in like a free spirit. I was always a high performer, but no one ever gave me the credit.. But this week I will be going in like a free spirit. The top management has acted one too... — read more 

I have zero motivation Since the announcement to return to office. I did very little between then and now and it will be the same all next week. Anyone else?

The concept of “reverse diversity” came to me during this chaotic RIF and ReOrg. Apart from architects and data scientists, it is the third problem Fidelity must fix. If you have a team with 100% African Americans in... — read more 

My department has a lot of deadweight and has been toxic/hostile since the start of the pandemic. I was hopeful there would be some clean up with the RIF but it doesn’t seem like we’re part of it since most of us are low level. The head of my... — read more 

Hi, I don’t work at the firm anymore. I heard that phone positions only need to come to the office one week a month. I am unfamiliar with what phone rep people deal with, but I know they deal with a LOT of crazy stuff. So, salute to you guys. That... — read more 

Has anyone received any reliable information on how long Phase One will last? In the 900 building in Smithfield, it’s a total nightmare. Not enough bathrooms, desks, parking spots, takes 30 minutes to get off campus, etc - and that’s just for 50/50... — read more 

When the dusts of current RIF and ReOrg settle, architects and the data scientists are the two most costly and counter-productive roles that needs the closest scrutinies. **The existence of those helicopter architects is the... — read more 

I keep hearing the spotify model is dead. Nobody talks about what we are moving to, just what we are running away from. Please tell me not back to waterfall.

Lack of enough presence in office in Q1 may also be on chopping block next week

This is what we were told : Sr leadership are moving toward consolidating developers into larger teams (minimum of 10-15 people) rather than smaller squads. At the leadership level: VP-level Squad Leaders overseeing non-prioritized projects, small... — read more 

For layoffs

Checked with claude, they may save $600 M per year ongoing basis if they get rid of 10 percent people. They are paying double for Mainframe and Cloud. Also schwab is much leaner at just 35k employees. They may want to hire talented developers who... — read more 

This talk of going back everyday, it’s simply trying to downsize the firm. No way around that. What if the Johnson Je-k Circle realizes this is a really painfully bad idea some time into 2027 when they’re already executing it. There’s a reason only... — read more 

Confirmed 5% RIF including Dinosaurs who would be forced to retire.

I don’t think there’ll be massive layoffs. Big ones are in the news like Meta dumping 8000. This is not a big RIF. My dept is barely hanging on with work we’re so slammed, so there’s no way there’s cuts. Not at the level going on here with... — read more