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Layoffs during the pandemic with short notice

Test Analyst
Current Employee
Has worked at Fidelity Investments for 9 years
May 6, 2021
Bengaluru, Karnataka
1.0
Pros

Nothing is good in fidelity.

Company is purely a "use and thru" type, with no favor towards employees working for long term (10+ years).

Simply promises, but no outcome.

Heavy politics in the FBT BU.

Fingers crossed for layoffs.

Cons

I worked at Fidelity for 10 years as a contractor. Every year, they gave me assurances to make me a full-time employee.

At the end, it was a big shock to me. During the start of the first pandemic, they asked me to move to my parent company on very short notice, without any sympathy and with no hiring back assurance.

There was no employee concern; the managers were purely political.

Advice to Management
  • At least have some buffer for employees who have served the company for a long term. Layoffs during the pandemic were the worst for employees.

  • Track employees who are liable to work for the company and retain them.

  • Don't go solely by managers' words; have colleague feedback.

Additional Ratings

Work/Life Balance
2.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
1.0
Career Opportunities
1.0
Compensation and Benefits
1.0
Senior Management
1.0

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