Thread regarding Fidelity Investments layoffs

Dreading RTO - how are we coping?

I just paid $4.29 for gas and dreading returning to office full time. Why isn’t Fidelity addressing this giant elephant in the room? This combined with everyday living expenses, how are people making it work?
If they want us back in full time, fine. But is now really the best time? They could let the dust settle, let prices come down, and then require full time back in office; we could continue our schedule we’ve been following for years now until then. It just seems completely tone deaf and I am sick of pretending this is fine and the new normal.


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| 42 views | | 14 replies (last 11 days ago) | Reply
Post ID: @OP+1m00mnv4m

14 replies (most recent on top)

@a4 this is 100% accurate without being insulting. Nice job

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Post ID: @119+1m00mnv4m

@bv I swear this website has worse autocorrect than anything

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Post ID: @hm+1m00mnv4m

@bv and yes, the bathrooms are disgusting.

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Post ID: @hk+1m00mnv4m

@bv I often compare my role to being a sweatshop employee. Because it is. We should be able to just work normal hours and be down, love a life. Not be expected to live for our job because of purposeful, chronic understaffing and the requirement to churn the work out. Not to mention ruin, it’s a very serious role that should be able to have us slow down and ensure things are being done correctly. Systems are broke and they nitpick the silliest details that don’t matter for our stats.
In sweatshops, you have to get everything right or you’re stuck there, redoing it.

It stinks that everything is open seating now with no sound barriers, no overwhelming cologne barriers, etc.

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Post ID: @hj+1m00mnv4m

There’s no room at the other sites either and they have no idea where we’re all going to go or Park but they’re forcing us back anyways

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Post ID: @f9+1m00mnv4m

The last thing upper management cares about is the health/happiness of the associates that do the heavy lifting that results in the crazy profits. The incredibly unimpressive leadership will continue and I’m guessing things will get much worse at a very rapid exponential pace. Touch up those resumes everyone - life is much more than just getting kicked in the teeth by ego driven talentless leadership.

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Post ID: @ew+1m00mnv4m

@a4 - you are right - Abby DGAF - she just wants her minions to be suffering

it's going to be like a sweat shop with us elbow to elbow, shouting over our table (not cube) neighbors

not able to park after a long commute - parking attendants making sure we don't park on the precious grass like it's a tailgate.

not able to go drop a deuce in peace without smelling our coworkers deuces. they will probably start timing how long we are in there. or making us go in shifts

overcrowded in that cafe eating sh1tty flik

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Post ID: @bv+1m00mnv4m

@a4 - They'll end up losing a lot of good talent as well.

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Post ID: @bb+1m00mnv4m

I live literally 1 min from the office and still am dreading it. Luckily my location isn't going ft rto until 2027 or later because there's no room.

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Post ID: @ba+1m00mnv4m

The funny thing is thinking the younger folks are the more obedient folks. We Gen X don't GAF, but the Gen Z they want are not going to compromise on what they value, and a stodgy boomer culture has unaligned values they are not going to line up to adopt.
I do not know what to expect longer term, but the culture at Fid is going to be really different the moment the job market heals a bit.

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Post ID: @an+1m00mnv4m

I’m not, I have tons of debt

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Post ID: @a9+1m00mnv4m

Because Abby wants everyone back and whatever she says goes regardless of whether it is good timing for employees, feasbile from space perspective, etc, etc. Aside from COVID which was pretty unique and serious, it's pretty foolish to think they'd pay much attendion to what's going on outside of Fidelity and certainly not going to make RTO decisions based on gas prices. She gives the orders and everyone jumps to make it happen and pretends it's going well and everyone is happy. It's good for people's careers to manage up and paint a rosey picture despite the reality of the situation. The optics and narravtive are most important and everyone must fall in line.

From a company perspective it's a great opportunity to do a low cost purge of detractors, expensive older / more senior people and rebuild the workforce with younger and more obediant workers. Between the detractors, covid over hiring, and expensive older workers who have have been hanging around waiting for a VBO this is a win for the company in several ways -- they can get the older workers to retire and others to just quit voluntarily both of which are lot cheaper than a VBO or laying people off and also keeps them out of the news.

You will see a disaster with RTO but it will be largely ignored and when mentioned a pretty bow will be put on it. You will see people with options leave (older workers who don't need this anymore and really strong performers who have other opportunites). What will be left are people who feel stuck or afraid to make a move, the boot li---rs, and people who genuinely don't mind RTO (probably the lowest number out of the three). Many of them probably see it as a great career opportunity to fill some of the vacancies, especially if a good number of people leaving are in fact in senior level positions. This positive outlook for career advancement might be partially true, but the one thing to consider is that the trend seems to be to back fill vacant positions at a lower level. So yes you get the more senior role and more responsiblity but but without the compensation and grade level adustment. Congratulations to those on your new opportunities, and well played Fidelity

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Post ID: @a4+1m00mnv4m

Rip the bandaid off 😂

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Post ID: @a2+1m00mnv4m

I’m coping by applying to any job listing that doesn’t have Fidelity Investments in the job description

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Post ID: @a1+1m00mnv4m

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