Thread regarding Fidelity Investments layoffs

I was in a meeting…

We were at 245 summer st. The room was vp’s on up. Lots of mba, egghead types. We were talking about updates to a platform, to include new offerings. I had spent 8 years on the phones and got a new gig. I felt like I could adequately describe and represent the associates who are on the front lines.

The conversation was about logical progression and workflow of a call. I insisted that not all calls flow a logical progression but many times clients get emotional. I cited several examples and case studies to make my points. The discussion became difficult, especially for this one svp bonehead who’s claim to fame was he was smarter than everyone. By the end of the meeting, because of time, the decisions made were to not change a single thing because the logic was good and the back office would just need to get more efficient.

These eggheads do not know what they’re talking about and think they’re superior to the associates.


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| 17 views | | 8 replies (last 2 days ago) | Reply
Post ID: @OP+1m0skc8ey

8 replies (most recent on top)

@a7 not all. I know Spotify model / agile / scrum implemented at fidelity was flawed in many ways - but in my business unit we had technical savvy business people on our squads - they had built in relationships with our users and as a result we partnered with the business side and everyone was happy. The tech teams delivered better than ever and the business was appreciative. Sad they blew it all up again - I'm glad I'm not there anymore.

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Post ID: @z1+1m0skc8ey

@f6 main reason I left after 4 years of front line client facing.

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Post ID: @fj+1m0skc8ey

I remember during COVID when the phones were blowing up they had the leaders taking the calls and what a disaster and it showed how the ones telling everyone else how to do the job cannot actually perform the job themselves.
Leaders are like watching replays in a sporting event- easy to say you should have done this or that when you're not the one down on the field.

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Post ID: @f6+1m0skc8ey

Back in the day there was this thing called “Corporate Reserves”, when the phones got to a certain level of busyness, non-phone roles had to get on the phones, yes SVPs, VPs, etc., and take calls. Imagine this requirement today, would love to see these shxtheads fumbling live with a client and questioning why the systems are not working as good as they should.

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Post ID: @b9+1m0skc8ey

@OP unfortunately the people in tech roles that do a great job collaborating with the people who use the systems are not valued. I saw this first hand - there's an art to it. This was one of the things that was great about while in areas where the teams ( systems and business folks) embraced the process. They 2 groups talked to each other while software was getting developed and the constant back and forth produced better outcomes. We also had several people on our team that had been on the phones or were reps. They were invaluable because they provided insight and knew the right questions to ask I'm sorry that happened to you. It su-ks to have your input be discounted

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Post ID: @ak+1m0skc8ey

Pretty much sums up all meetings

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Post ID: @ag+1m0skc8ey

Well this is also true in all of tech. All of it, all the way to the top - no matter the bu or domain.

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Post ID: @a7+1m0skc8ey

The people you are describing are out of touch on what it takes to accomplish the job and do not care- the biggest concern is how much more can my personal pay increase and I'll ride this horse until it can no longer run and hop to the next one.

It's always a good idea to have people that have never really actually done the work making decisions on how it should be done.

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Post ID: @a4+1m0skc8ey

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