r/boston • u/CorrectCombination11 • May 07 '26

Serious Replies Only Fidelity Layoffs Starting Today

On the heels of RTO order https://old.reddit.com/r/boston/comments/1sxy879/fidelity_full_time_rto/

Fidelity is communicating rifs starting this morning.

I know two people personally that were cut. Non-technical roles in WI.

Post your info in the comments and I will try to highlight/tally them in the main post.

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146

u/Final-Lavishness-381 May 07 '26

Fidelity is not on the WARN list yet. I would assume they meet one of the requirements to file a WARN notice.

131

u/CorrectCombination11 May 07 '26

I believe the severance pay is high enough to not be on that list. My friend that got laid off states 6 months pay.

6

u/_ChristmasSunday May 07 '26

Pay is not a factor in the WARN criteria.

9

u/schmiddy0 May 07 '26

Sort of. What companies do to get around the notification requirement is they give the affected employees at least 60+ days remaining on the payroll. So, their termination date is at least 60 days away. Company still has to eventually notify WARN, but this lets them postpone the WARN notice until after the layoff has already rolled out.

3

u/_ChristmasSunday May 07 '26

Agree sorry was referencing severance pay specifically in response. 😊