Fidelity Investments Layoffs

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Topics regarding layoffs at Fidelity Investments

More getting the Axe

I got the axe already and was laid off at the end of 2017. I got a call this morning that more people have gotten the axe already at the beginning of 2018 and will be leaving in March. It seems that Fidelity has been laying off people in small groups... read more
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1305 views | 8 replies (last )

Abby Rolling In Money

The company cut headcount in anticipation of a market drop. Instead, the market screamed ahead. Trump just gave Abby a giant tax cut, which will probably net her many billions of dollars. No additional bonus. And, just watch, no additional money in... read more
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1050 views | 2 replies (last )

No profit sharing

Anyone else notice that profit sharing for 2017 has not been detailed at all typically we will hear something by now.
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1988 views | 15 replies (last )

Layoffs

Anyone hear anything today?
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1603 views | 11 replies (last )

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... read more
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2737 views | 13 replies (last )

Profit sharing

With the recent corporate tax cut, wonder if Abby will sweeten profit sharing the 'little guy'. I think we all know the answer to that...
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786 views | 2 replies (last )

Hold onto your hats

Brief respite in December. January it's a whole other ball game.
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1116 views | 2 replies (last )

Trading PIP for severance package

I saw somebody mention a possibility of getting ahead of PIP by offering to take a severance package. Is this an actual possibility? Has anybody who has been put on PIP actually tried and succeeded in doing this? Sounds a little too good to be true... read more
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1122 views | 3 replies (last )

Contractor furlough

Contractors are required to take most of Thanksgiving week off, plus last 2 weeks of December. Penny pinching, or something else?
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903 views | 4 replies (last )

The Johnson Family doesn’t care about you

/ This is an old article but think about how much there wealth has grown since. This the family you work for. You give them power.
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588 views | no replies

Getting rid of people withouth severance

I am 51 and have always had outstanding performance reviews and suddenly everything I do is being questioned. I was told the things I am not doing (nor is anyone else in my department) is an issue. I was given until 1/2/18 to turn it around, along... read more
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1757 views | 5 replies (last )

PI management layoff

I’ve head here in WI that that PI is riding their service managers by the end of the year.
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1375 views | 4 replies (last )

Nobody is safe

This used to be a great company to work for but now with the ridiculous expectations, bonus cuts, minimal to no raises and rumored layoffs it is hard to plan for the future here. It seems no one's job is safe at any level or department. Layoffs seem... read more
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1247 views | 1 reply ()

December

Hearing rumors of a December cut. Anyone else hear this?
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2320 views | 6 replies (last )

VBO for 50 yo in 2018?

Has anyone heard rumors of another buyout in 2018 for 50+? I've heard it from 2 sources but nothing further.
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3000 views | 11 replies (last )

Fidelity in the WSJ

Anyone know what consulting group is engaged for the purpose of investigating and helping with the s-xual allegations and corporate culture scandals at Fidelity. Inquiring minds want to know... read more
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1299 views | 2 replies (last )

Sneaky way to avoid Age Discrimination lawsuits

Earlier this year Fidelity offered a voluntary buyout to 3000 people over the age 55. Of that about 1500 took the voluntary buyout. Then they had round 2 (laying off 450) and 3 (unknown number) of RIF's and picked up nearly everyone that turned down... read more
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1752 views | 5 replies (last )

Everybody at Fidelity is in a waiting mode

Have to think the combine IT groups moved into EI back in Feb./Mar. 2017 will have to shrink as large cost cutting was the primary goal moving Prod Support and Security into centralized teams. Not sure enough attrition has or will occur as most... read more
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1197 views | 1 reply ()

Sock Puppet Accounts

I've been told that Fidelity uses sock puppet accounts to post on here and on Glassdoor to make themselves look better. Sneaky.
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956 views | 2 replies (last )

Layoffs happen, deal with it

Individuals getting laid off is a whole lot different than a wide-scale RIF. It happens all the time. No one has promised to work for Fidelity for free for the rest of their lives, so the organizaton has to make decisions about who to hire and what... read more
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1329 views | 4 replies (last )

Age discrimination class action?

Considering that the large majority of those laid off are 50 or over, I was wondering if a class action based on ageism against Fidelity would be a possibility. My wife is one those who were laid off, and she said that in her department there is... read more
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1866 views | 8 replies (last )

Do we know if this wave of Fidelity layoffs is over?

My location was spared yesterday, but I've been sitting here on pins and needles today thinking that maybe it was just a reprieve and they will continue with layoffs. Not much mentioned here on the board, so that's good news, I guess. Anybody knows... read more
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1267 views | 1 reply ()

Layoffs happing today

I guess they didn't get enough older workers to take the earlier retirement, so they got many of them in this second round. Fidelity is a very profitable company that is just kicking older workers to the street and throwing in a few younger ones too... read more
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2780 views | 11 replies (last )

Today is the day!

God I hope I am picked if this layoff is true. I can't take it here anymore. This company is not the same from when I started 15 years ago. Year after year it's more work for less.
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1443 views | 2 replies (last )

October 10 Layoffs

Well, if people are right then a lot of Fidelity employees are going to lose their jobs on 10/10. Let us know what happened here.
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2035 views | 6 replies (last )

Reimbursement programs

SIAP but sounds like there is an internal audit where they are reviewing employee reimbursements submitted. From what I heard people have already been let go. Not sure if this is ongoing or not, but just an FYI
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2410 views | 9 replies (last )

What's going on

I was laid off 3 months ago but I see this board is flaring up again - what's going on at Fidelity?
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1586 views | 2 replies (last )

My layoff time has come

I’ve been with this company for almost 17 years. I have worked in Merrimack, Covington, and currently in Westlake. I turn 50 later this week and I assume that my time is up. This company acts like they want to recruit people who want to spend their... read more
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2256 views | 4 replies (last )

Cleaning after Millennials

My role is now cleaning up the mess that newbies make. I get the feeling that no one really knows what they are doing and five reps will give five different answers to the same question. They merged all the service roles which just makes matters... read more
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1020 views | no replies

Anyone

Anyone hear anything? All is quite where I am
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2365 views | 13 replies (last )

Tired of looming layoffs

I am getting really tired of looming layoffs, especially since due to my age I know that sooner rather than later I will be among those let go. I am nearing my fifties, and we all know that's a death knell for staying employed with Fidelity. I am... read more
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1713 views | 2 replies (last )

October RIF

It should be coming in either Monday or Tuesday.
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2574 views | 6 replies (last )

Stop whining, you Fido's

You've all long been overpaid at Fido for a long time. Blackrock robo-investing. Writing on the wall. This is the future. You've had more stability than anybody else in any other industry in the Boston area I know already. Before you start flaming... read more
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2553 views | 4 replies (last )

T&E Fudging

Heads up if you've ever fudged on your expense report or any of the reimbursement programs. About a hundred people were pulled this week from investigations over wrongful reimbursements. It's definitely a wrong thing to do but those who were licensed... read more
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3781 views | 14 replies (last )

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