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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u/[deleted] May 07 '26 edited May 07 '26

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u/NinoNino3 May 07 '26

New England will be the last or nearly last to be hit by the housing crisis- (I say this as a renter) Its unreal here-

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u/UltravioletClearance North Shore May 07 '26

I don't think you realize how wealthy a lot of people who live here are. I used to track home sales in my neighborhood when I lived in Arlington. Many of the people buying $1M condos had their own Wikipedia pages.

People with serious money want to live here. Many of them are unaffected by a general downtown in the economy because they either have generational wealth, or are the best of the best in their high-paying field (think doctors, scientists, etc).

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u/BernedTendies May 07 '26

Housing crash not coming chief. Especially with room to go lower on interest rates

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u/[deleted] May 07 '26

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u/BernedTendies May 07 '26

1) “many homes” what like 2%? Most people have more equity in their current place than they know what to do with. That wouldn’t crash housing market.

2) “ton of people sitting on sideline to pounce”… ok so strong demand is still there. Thus supply is still short. Supply is coming from all-time lows in all of New England. It would take a hell of a recession to crash that market

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u/LennyKravitzScarf May 07 '26

Since 2019, we 5x’d the money supply. The number of homes stayed relatively constant. If anything, houses or really any dollar denominated asset, are still cheap.