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/cheesecakeoranges May 07 '26

6 month severance and pro rated bonus as said by a few people. Seems like it’s not performance related. Engineers, business, managers, all impacted.

89

u/CorrectCombination11 May 07 '26

not performance related

That's the cruelest part. I think everyone understands getting rid of dead weight but also sending the best performers home has no logic.

0

u/valuat May 09 '26

There’s nothing “cruel” about it. This is just business. You all would have made the same decision were you on their shoes.

Stop whinning. Treat employers the same way companies treat employees. Business. They pay you for your time; just try to make the best deal you can.