Record profits apparently doesn't create trust within Fidelity
Pros
Excellent benefits, specifically 401k with profit sharing. It's basically the only reason I have stayed this long.
Cons
This company's trajectory has declined significantly post-pandemic from an employee perspective. Despite strong profits and employee satisfaction in the past few years, leadership has shifted focus towards excessive micromanagement. It started with connect weeks, with Abby claiming that Fidelity has lost some of its culture since going mostly remote. This isn't true if you ask employees, but leadership needs an excuse to be able to stand over people's shoulders while they're on their zoom calls. Weekly reports on the past deliveries have been mandated, ironically after dismantling Agile structures capable of real-time updates. And following the recent layoffs, employees are now expected to take on additional responsibilities without any corresponding increase in compensation, all while facing the looming threat of receiving a negative performance review. Adding insult to injury, other companies employ similar practices but offer better pay and greater flexibility in their Return to Office (RTO) policies. I saw a long-term future with Fidelity before the pandemic. Now I can't wait to find a way out.
