Thread regarding Fidelity Investments layoffs

Arrogant Companies Lose More Than Employees

It’s hard not to see the company’s recent actions as deeply disingenuous.

For years, we were told that work-life balance mattered, that employee feedback was valued, and that engagement surveys actually influenced decisions. Today, those messages ring hollow.

Don’t forget what the company has done.

A year from now, there may be apologies like Meta did, polished messaging, and attempts to reframe the cuts and other measures as mistakes that went too far.

The narrative will likely be carefully crafted to sound optimistic and reassuring.

But by then, much of the institutional knowledge and experience may already be gone.

There seems to be an assumption that a younger workforce, combined with AI and fewer experienced employees, can simply replace what was lost.

That’s a dangerous assumption. Younger employees aren’t stupid, and Gen Z and the generations that follow are fully capable of recognizing when a company’s actions don’t match its words.

People remember how they were treated.

When experienced employees continue to leave and younger employees follow them out the door, we’ll see where the company is left.

You can’t erase years of institutional experience and expect everything to function as if nothing happened.

The biggest problem may not be the cuts themselves, it may be the loss of trust.

Once employees stop believing that the company genuinely values them, rebuilding that trust is far harder than any polished corporate message can fix.


by
| 2 views | | 4 replies (last 2 days ago) | Reply
Post ID: @OP+1m11zgga6

4 replies (most recent on top)

@ae I'm so glad I was able to take it in 2021 and leave. They asked me to stay until Dec and mentally I was already yo leave in June. Absolutely no regrets

by
| | Reply
Post ID: @ga+1m11zgga6

speaking of meta - they are hiring. I've had recruiters pinging me. If I have to be onsite, might as well be in a place that pays 2X before they fire me in 2-3 years anyway. Time to brush up on leetcode.

by
| | Reply
Post ID: @es+1m11zgga6

Everyone is fungible.

by
| | Reply
Post ID: @bg+1m11zgga6

There won’t be apologies. They had that VBO 10 years ago and lost top talent and all the knowledge walked out the door. It was painful for the people left to pick up the pieces. No one ever admitted that it was a mistake.

by
| | Reply
Post ID: @ae+1m11zgga6

Post a reply

: