Deceitful Management; Reckless Decision Making; Terribly Inefficient - IT Director Fidelity Investments Employee Review

This company is horribly inefficient. Senior management changes frequently and with those changes is always a reorganization and change of strategy. Fidelity chose RTP in NC as the home for their $100 million dollar new facility and planned to add 2000 + jobs. They started off strong - bought the land, moved hundreds of folks down from Boston and then pulled the plug and decided they would rather operate in TX and other parts of MA. With hundreds of families making a committment to relocate for the company, leaving family, selling their homes in a bad housing market and taking losses on the moves and home sales - most that relocated were laid off before their 1st year finished in the 'new' location. Folks that relocated without a relocation package paid thousands of dollars to get to NC for the company - and the company decided to change strategy and then laid these same 'committed' employees off. Many folks made personal sacrafices for Fidelity - and the company just hung their employees out to dry. Very deceitful company - provides little information to the employees - and what is communicated is mostly not accurate/honest. The culture is highly politicized and very back-stabbing as the company has so many layoffs everyone is always trying to make the other guy look bad in hopes of saving their own position.