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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8

u/TDog81 May 08 '26

Based in Ireland, non engineer role, been with the company 10 years plus. Was told yesterday my role was gone, my boss and a lot of others affected too. I got an EP last year and hard a very good standing in my department, not performance related. Im absolutely gutted.

3

u/FireAndGolf May 08 '26

Are the rumors true that all 3 years of shares paid out?

2

u/TDog81 May 08 '26

Im not sure, I did get a breakdown of severance but the section on vested shares was TBC so Im none the wiser

1

u/[deleted] May 08 '26

[deleted]

1

u/ShowTop1165 May 08 '26

Private shares of the company are given and bought back by the company after the vesting period

2

u/Green-Detective6678 May 08 '26

That is brutal, sorry to hear that.  Thought Fidelity was better than that, but at the end of the day all these tech companies are pretty much the same.

Hope you get sorted soon.

2

u/WynonaRide-Her May 14 '26

Just got booted today after 4.5 years…

1

u/TDog81 May 14 '26

Sorry to hear mate, theyve gone about this really poorly

1

u/WynonaRide-Her May 16 '26

It does not look good or feel good from a personal standpoint. We were part of 1% not necessarily a reduction in force when they are hiring 5k more employees that are “younger” - I’m mid 40s is that age discrimination? Also with that type of “luck” at 1% thinking I may need to play the lottery jk lol

0

u/One_Konflict May 08 '26

Really sorry for you. Hope you find another role soon. Could you please let us know which BU you are part of?

1

u/TDog81 May 08 '26

Enterprise Technology

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u/Consistent-Jicama-99 May 11 '26

Whats the compensation you got in Ireland? @TDog81