Fidelity reorganizes its workplace with new hires - and a few cuts

"“These changes are about getting the right combination of skills in place for where Fidelity is headed,” the company said in a statement to Boston.com. Fidelity is reorganizing its tech and product teams to build and roll out new tools faster, according to the company. It will result in Fidelity hiring a large number of early-career, hands-on engineering roles."

"Fidelity has 2,000 open positions, including 400 in tech or product-related roles. Fidelity has about 25,000 roles transitioning to the new Technology and Product Operating model. As a result, a small number of workforce adjustments are happening. Fidelity is letting go of about 1% of its global workforce of 80,000 associates, or about 800 people."

"The company states that the move is to get the right mix of skills in place for the future, create more room for early-career, hands-on engineering talent, and streamline senior leadership layers. “Fidelity is continuously evolving its way of working to best position ourselves to meet the needs of customers,” the company said in a statement. “This occurs even during times of growth to ensure we remain competitive for years to come.”"

Fidelity Investments is launching a major hiring push alongside a global organizational restructuring. The company is reorganizing its tech and product teams to build and roll out new tools faster. The changes are expected to increase hiring for early-career, hands-on engineering roles. Fidelity has about 2,000 open positions, including roughly 400 in tech or product-related roles, and around 25,000 roles transitioning to a new Technology and Product Operating model. Workforce adjustments include letting go of about 800 people, or about 1% of its global workforce of 80,000 associates. Fidelity aims to align skills for where it is headed, create room for early-career engineering talent, and streamline senior leadership layers.

Read at Boston.com