Just FYI if you're thinking of coming here, they did layoffs today. This is not the 1k Fidelity International layoffs that were announced before, this hit the US offices today. No transparency or official announcement, but it seems like it's not a small number. RTO was also recently increased to 2 weeks from 1 week. Avoid this garbage company.
Which org or department was affected ? Or which offices ? Boston or nc or west lake ?
We didn't get any sort of official announcement so it's just going by what's in our internal channels. So far we know of a couple different BUs and offices (Boston and NC)
Have they made the decisions already
I think you are referring to Fidelity international which is a separate entity and not a part of Fidelity Investments https://www.forbes.com/sites/caileygleeson/2024/03/06/fidelity-international-laying-off-1000-employees-globally/amp/
I literally said in my post this is not about the Fidelity international layoffs and that the offices in the US were hit with layoffs today
I see, which orgs were affected?
I like fidelity. Best brokerage firm.
Just transferred my Roth IRA from vanguard so I can buy BTC
If it’s significant how does it not trigger WARN
"No transparency or official announcement, but it seems like it's not a small number." How do you expect any of us to know the exact numbers?
All I am saying is that if it didn’t trigger WARN it’s probably a small percentage
It's a privately held company. They have always been like this. They do not have to answer to anyone
Well then fuck them. We don't have to work for them either.
Is there any Tech layoffs in Boston office like Devops Team ???
Was Boston or Durham, NC tech teams impacted?
L6 and L7 were the majority of axed population. Lot from scrum teams and even principal software engineers
Someone who shared some info about the alleged severance documents estimates its closer to a couple thousand: https://www.thelayoff.com/t/1rsdy7Fi Current speculation is a lot of contractors were part of this so they wouldn't be added to the "official" counts
Whether tech team in Boston got affected??? Plss let me know
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what does 2 week RTO mean? 2 weeks in office per quarter?
Per month. They have been slowly increasing it over the last year. First it was a few days, then it was 1 week in office per month, then recently announced to be moving to 2 weeks per month.
Wow 1-2 weeks is still pretty good for finance. I’m surprised.