Fidelity Ends Hybrid Work, Requires US Staff in Office Five Days a Week

[Anonymous]

https://www.dailymail.com/yourmoney/article-15779901/wall-street-giant-staff-office-wfh-fidelity-investments.html

20K plus will be "impacted" by the decision. I heard State Farm has done the same as well.

[Anonymous]

That’s crazy to me. In my company we all telework M and F and it works out perfectly. It allows the company to recruit much more broadly in the DMV because people are willing to do a hard commute 3 days/week but not 5 days/week.

[Anonymous]

I have friends in financial services, and they're supposed to be back five days per week. In practice, however, they tell me that no one is actually coming in five days per week.

[Anonymous]

Stealth layoffs. They are hoping for attrition.

[Anonymous]

As a Fed who has been back 5 days for past 14 months, I have no sympathy. Remote and hybrid work are being phased out.

[Anonymous]

I’m also a fed who is back in 5 days a week with no leniency for sick days. It was horrendous at first but now it’s fine. We’ve all started making work friends again, collaborating more, eating lunch together, in person meetings are way better than teams meetings. I think most of us wish we were 50% telework (or even one day a week!) but it’s been okay. I’m surprised I’m even saying this

[Anonymous]

Last two comments are Stockholm Syndrome.

Five days a week in the office sucks. Agree this is mostly to try to get people to quit so they don’t have to pay. Have no doubt that the big portfolio managers will have no problem being MIA on Fridays while everyone else miserably marches in.

[Anonymous]

Good. It’s time to take your pajama pants off and rejoin the adult world.

[Anonymous]

That's so stupid. Id rather have a happy financial advisor than a miserable one l working in an open office.

[Anonymous]

Anonymous wrote:As a Fed who has been back 5 days for past 14 months, I have no sympathy. Remote and hybrid work are being phased out.

That's pretty short sighted. A fed might care because (1) private industry standards can set precedent and policies can change with new administrations and (2) industry decision making impacts more than where a worker sits.

[Anonymous]

Why on earth would they do this now? Couldn’t be a worse time. How completely tone deaf.

[Anonymous]

I thought it’s still every other week remote?

[Anonymous]

Our company allows M and F telework and Tuesday -Thursday at work. They probably should change that. People start up slowly on a Monday and leave early on Fridays. The company is not getting an honest 40 hours. It’s obvious.

[Anonymous]

Anonymous wrote:That’s crazy to me. In my company we all telework M and F and it works out perfectly. It allows the company to recruit much more broadly in the DMV because people are willing to do a hard commute 3 days/week but not 5 days/week.

They probably don't need to recruit. They are likely wanting to do the opposite.

[Anonymous]

Anonymous wrote:I’m also a fed who is back in 5 days a week with no leniency for sick days. It was horrendous at first but now it’s fine. We’ve all started making work friends again, collaborating more, eating lunch together, in person meetings are way better than teams meetings. I think most of us wish we were 50% telework (or even one day a week!) but it’s been okay. I’m surprised I’m even saying this

+100