Fidelity Reorganizes Teams with Job Cuts and New Hires

Fidelity is eliminating approximately 1% of its global workforce, translating to roughly 800-1,000 jobs.

The company plans to hire nearly twice as many software engineers and is actively recruiting for thousands of open roles.

The reorganization focuses on transitioning to a new technology and product operating model, not cost-cutting.

Fidelity is creating more room for early-career, hands-on engineering roles and streamlining management layers.

Boston-based employees are returning to the office full-time starting in September.

Job Cuts:: Roughly 1% of the global workforce will be affected, with severance packages and career transition services offered to those impacted.

Hiring Spree:: Fidelity plans to hire over 5,000 new workers, with a focus on software engineers and early-career talent.

Return to Office:: Boston-based employees will return to the office full-time in September, emphasizing the importance of in-person collaboration.

Technology Focus:: The company is investing in new tech tools, such as trading and household planning platforms, requiring employees with specialized skills.

Q: Why is Fidelity laying off employees?

Q: How many employees are affected in Boston?

Q: Is Fidelity hiring new employees?

Q: When are Boston employees returning to the office full-time?

Fidelity is reorganizing to better align resources with customer needs and technological advancements.

The company is investing in new tech tools and early-career engineering roles.

Boston-based employees will return to the office full-time in September, emphasizing in-person collaboration.

Keep an eye on Fidelity's career page for new opportunities in technology and product development.