Thread regarding Fidelity Investments layoffs

The Corporate Layoff Cookbook

Get ready for more passive aggressive job cuts followed by deepest apologies.

14 ways to fire people without technically firing people:

  1. Hiring Freeze:
    Don’t replace anyone who quits. In 18 months, congratulations: you’ve “reduced headcount through natural attrition.” Nature is beautiful.

  2. Performance Improvement Plan:
    Employee: “I’ve worked here 11 years.”
    Manager: “And yet somehow your performance became unacceptable precisely when Finance needed savings.”

  3. Reorganization:
    Delete 500 jobs. Move the remaining 300 into 17 boxes on a PowerPoint slide. Call it “Organizational Transformation.”

  4. Consolidation:
    “We’re combining two teams to create efficiencies.”
    Translation: 30 people enter. 17 people leave. The spreadsheet applauds.

  5. Relocation:
    “Your job is absolutely safe.”
    “Where?”
    “Dallas.”
    “I live in Boston.”
    “We respect your decision.”

  6. Cut Hours:
    “Good news! You still have your job.”
    “Great!”
    “It’s just 30 hours now.”
    “I have a mortgage.”
    “Have you considered synergy?”

  7. Cut Bonuses:
    Base salary: unchanged.
    Bonus: mysteriously evaporated.
    Employee: suddenly very interested in recruiters.

  8. Freeze Raises & Promotions:
    “There’s no room for advancement at the moment.”
    Translation: Please advance yourself directly onto LinkedIn Jobs.

  9. Remove Benefits & Perks:
    Remote work gone. Flexibility gone. Free lunch gone.
    CEO: “We’re getting back to our culture.”
    Employees: “What culture?”
    CEO: “Exactly.”

  10. Voluntary Separation:
    “Nobody is being forced to leave.”
    “What are you offering?”
    “Eight months’ salary.”
    “I have suddenly discovered that I am extremely voluntary.”

  11. Workload Attrition:
    Three people quit.
    Company replaces nobody.
    Remaining employees get all three jobs.
    Six months later: five more people quit.
    CEO: “We have an attrition problem.”

  12. Outsourcing:
    “Your position has been eliminated.”
    Two weeks later:
    “Welcome to our exciting new strategic partnership with GlobalCheapCo.”

  13. AI & Automation:
    “AI isn’t replacing employees.”
    Correct.
    It’s just replacing the tasks, which eliminates the need to replace employees, which eliminates the employees.
    But technically? Nobody said ‘replace.’

  14. Role Redesign:
    Eliminate 100 jobs.
    Create 63 jobs with different titles.
    Require everyone to reapply.
    CEO: “This isn’t a layoff.”
    HR: “This is an opportunity to showcase your resilience.”

And then comes the earnings call:

• CEO: “We successfully optimized our workforce through disciplined voluntary attrition.”

• HR: “Nobody was fired.”

• Employees: “You made the job impossible.”

• CFO: “And our margins improved 4.2%.”

• Everyone: “Amazing. Do it again next quarter.”

Corporate layoffs have evolved.

Why fire someone when you can simply make their job economically, geographically, psychologically, or mathematically impossible?

No layoffs. Just choices.


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| 7 views | | 7 replies (last 8 days ago) | Reply
Post ID: @OP+1m0a9x5fq

7 replies (most recent on top)

@n1
I accidentally invented Fibonacci Workforce Planning:

3 quit -> 5 quit -> 8 “voluntary departures” -> 13 “restructured.”

HR: “Just a coincidence.”

CFO: “No. A very healthy growth pattern.”

CEO: “Next quarter, let’s target 21.”

Employees: “Why 21?”

CEO: “Because Fibonacci said so.”

At least the layoffs are finally data-driven.

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Post ID: @x0+1m0a9x5fq

@et well played. I love a good Fibonacci reference

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Post ID: @n1+1m0a9x5fq

On an old team, over half the team were on PIPs at any given time. HR sent a bottle of wine to the manager (not really but there had to be an bonus or something for that kind of self destructive leadership style)

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Post ID: @g4+1m0a9x5fq

Except Fidelity doesn’t apologize, everything else pretty much nailed it

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Post ID: @f8+1m0a9x5fq

It’s wild that 1, 2, 4, 7, 8, 9, 11 & 13 are the current playbook at Fidelity. How’s the “we need bigger teams and less Agile” going?!? Thank god no one ever calls this place a Family.

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Post ID: @et+1m0a9x5fq

These posts don't apply to fidelity dinosaurs, it only applies to the G4's and G5's who are idspensible.

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Post ID: @aa+1m0a9x5fq

Would love a voluntary buyout (am not at the age but still…)

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Post ID: @a2+1m0a9x5fq

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