Executives have abandoned the needs of the employees that make them wealthy. Morale on the decline. - Project Manager Fidelity Investments Employee Review

The executive ream have made some large missteps that do not align with one of the company core values of work-life balance. A recent RTO decision has made waves across an office that has helped Fidelity reach record profits year after year. Rather than a week-on, week-off hybrid schedule, they have since reverted to a full, five-day return to office under the guise of “client relationships,” “mentorship opportunities” and “increased productivity.” These are unfounded, as the company has worked very effectively under the hybrid schedule. My team, for instance, sits in Boston, while I sit in the Smithfield office. This means I’m showing up to an office to have Zoom meetings, to be mentored by someone over the computer. Tgere has been no opportunity to communicate this upward. Fidelity employees were given this information, and then the executives closed their doors. I am particularly frustrated because I was hired in March, and throughout every aspect of the hiring process was told that Fidelity has a “very generous hybrid schedule,” which I agreed with at the time. It would be much easier to swallow if the company admitted it was to justify the large expense of commercial real eatate. There have been a string of small layoffs — morale is very down, at least in Smithfield, as we anticipate RTO meaning layoffs.