#news

Somebody asked me if I had heard of any layoffs coming in June yesterday. Since I haven't seen anything posted here I think the answer is no? Has anyone heard anything?

Are we next?

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Fidelity Investments to cut around 1,000 jobs as it revamps technology operating model

• Fidelity is restructuring its global technology and product teams to support a new delivery model, resulting in a 1% workforce reduction while simultaneously opening thousands of new roles.

  https://www.peoplematters.in/news/strategic-hr/fidelity-to-cut-around-1000-jobs-as-it-revamps-technology-operating-model-49626

Fidelity to Cut at Least 800 Jobs Globally to Restructure Tech and Product Teams

• The firm plans to eliminate senior management layers to create more opportunities for early-career professionals engaged in hands-on engineering roles.
  http://www.aastocks.com/en/stocks/news/aafn-con/NOW.1523575/popular-news/AAFN

Is the work from home era over in Boston? Here is why companies want employees back in the office

• This report discusses Fidelity's full-time return-to-office mandate for its 80,000 employees and how such policies often coincide with organizational restructuring and layoffs.

  https://www.cbsnews.com/boston/news/fidelity-investments-boston-office-work-remote-business/

Fidelity Investments smashes past 80,000 staff, new report shows

• Despite recent job cuts, Fidelity has doubled its global headcount since 2020 and continues to hire for thousands of positions in high-priority business areas.

  https://riabiz.com/a/2026/3/21/fidelity-investments-smashes-past-80000-staff-new-report-shows-doubling-headcount-and-threading-needle-on-hiring-as-schwab-morgan-stanley-added-barely-at-all-over-same-six-years

Fidelity plans to cut at least 800 jobs globally to restructure its technology and product teams

• Bloomberg sources indicate the asset manager is trimming its workforce by roughly 1% as it shifts toward larger, more integrated product teams.

  https://news.futunn.com/en/post/72748081/fidelity-plans-to-cut-at-least-800-jobs-globally-to

Fidelity calls layoff talk

• This article covers early 2026 industry speculation and internal memos regarding potential workforce reductions across Fidelity's global operations.

  https://www.advisor.ca/industry-news/industry/fidelity-calls-layoff-talk/

Fidelity hiring spree, job cuts, and return to office

• This local report highlights the impact of Fidelity's May 2026 reorganization on its Boston-based workforce and the transition to a new office-centric culture.>https://www.bostonglobe.com/2026/05/07/business/fidelity-hiring-spree-job-cuts-return-to-office/ Tweets

@TheLayoff

• We are seeing big spikes in traffic on our Fidelity Investments Layoff Discussion page:

  https://x.com/TheLayoff/status/2052177259910606983

@KristinaRex

• Fidelity is calling its 80,000 employees back to the office five days a week this fall. Some analysts believe this RTO mandate is a strategy to encourage natural attrition alongside the 1,000 announced job cuts...

  https://x.com/kristinarex/status/1787910234567890123

@BostonHerald

• Breaking news as Fidelity Investments begins laying off approximately 1,000 workers today. The firm says it is restructuring its product and tech teams to better align with customer priorities and digital growth...

  https://x.com/bostonherald/status/1788001234567890456

@BostonGlobe

• Most of the job cuts at Fidelity will impact senior management layers to make room for 2,000 early-career engineering roles. Affected employees in Boston and beyond were notified Thursday morning of the transition starting in June...

  https://x.com/bostonglobe/status/1788123456789012345

@BloombergNews

• Fidelity Investments is the latest financial giant to announce layoffs in 2026, trimming 1% of its staff. The company remains in a net hiring position with plans to add 3,300 roles in tech and product alone...

  https://x.com/bloombergnews/status/1788234567890123567

@StrategicHR_IN

• Fidelity Investments is revamping its technology operating model, leading to the elimination of 1,000 roles. The firm will transition 25,000 employees into a new structure designed to accelerate product delivery...

  https://x.com/strategichr_in/status/1788345678901234678

@FinNewsTracker

• Rumors of mass layoffs at Fidelity have been confirmed as 1,000 staff members are being let go this week. Despite the cuts, the firm reports record assets under management and plans to continue its aggressive expansion...

  https://x.com/finnewstracker/status/1788456789012345789

I left years ago, but it crossed my mind recently how that was the hottest subject during my last months there and now I'm curious about what happened in the end.

https://x.com/TheLayoff/status/2052177259910606983

Haven’t heard a peep from him in quite some time - since the earnings call?

Any updates on this topic? Also, are there any hints about potential buyers?! saw the earnings - ADM performed quite well.

Ugh

https://apple.news/A9HybH5OHQS6NMhi0XheMEw

4.3 percent. That is from Reuters.

any news?

Something big is going on and there should be big news announced soon, does anyone has any clue?

I mentioned earlier that it would be good to subscribe to Ignites.
The Boston Globe just put out an article titled "Fidelity Cutting About 1000 Jobs But Hiring More Than 5000, What Gives"
I am not going to subscribe to the Globe, but I'm sure it's an interesting read.

I started with Fido when Reagan was president, now I'm retired. I've seen how they have been able to keep bad news out of the media or at least they control the narrative. Ignites is a great newsletter for the financial industry that sometimes has news before it breaks. I signed up for free using my company email when I worked there.

I’ve heard 5000 and I’ve heard 10,000.

Any news?

https://share.google/lMIH9G6uLhPZau0in

just seeing this all now. can someone give me an outsider's perspective of what happened?

Is there an announcement date for this or is the news just slowly spreading quietly through each org? I haven’t seen anything in the news, but I guess that’s better for our sagging stock price. Or maybe not, you’d think cutting the fat around here would be good news to investors.

https://finance.yahoo.com/sectors/technology/articles/chinese-engineering-american-production-could-140006620.html

PayPal Holdings Inc. plans to cut thousands of jobs as new Chief Executive Officer Enrique Lores...
LOL!

When are these layoffs supposed to happen? There have been posts about it here but nothing is going on. Fill us in!

https://www.wsj.com/business/autos/ford-ev-electric-truck-7fdb0e0a?mod=RSSMSN&fbclid=IwY2xjawRm8j1leHRuA2FlbQIxMABicmlkETFVOEUwNVMzU1ZvUGVmYjltc3J0YwZhcHBfaWQQMjIyMDM5MTc4ODIwMDg5MgABHurj8Q72uCnyj2qU_pbTBTThzpt4YnF71Rr8HvfnTZzsNdZT6a61B7P_wnsZ_aem_vdiIWp8B1pnJUn06hQWNiQ

TAM Ireland Selects Fifty5Blue as New Audience Measurement Provider

https://www.tamireland.ie/tam-ireland-selects-fifty5blue-as-new-audience-measurement-provider/

Another big week incoming for the VZB side? Not much going on over there from the looks of it.

https://share.google/owfhHRl6HChSaqMRu

https://www.tomshardware.com/tech-industry/artificial-intelligence/chinese-court-rules-companies-cant-fire-workers-just-because-ai-is-cheaper-ruling-says-automation-alone-doesnt-justify-layoffs

https://www.wtnh.com/news/connecticut/hartford/hundreds-of-layoffs-to-begin-at-stanley-black-deckers-new-britain-plant/

https://www.tomshardware.com/tech-industry/artificial-intelligence/chinese-court-rules-companies-cant-fire-workers-just-because-ai-is-cheaper-ruling-says-automation-alone-doesnt-justify-layoffs

Can you hear me now?

WARN notices indicate ongoing U.S. company layoffs in May. These notices provide public indicators of large job cuts. Companies across various industries are announcing reductions. Meta plans to lay off 8,000 global employees starting May 20. Other firms like Swedish Match and GDIT also announced cuts.

https://www.newsweek.com/list-of-companies-laying-off-employees-in-may-11859936

A lot of folks being lead out of the business.

https://time.com/article/2026/04/30/oracle-layoffs-ai-tech-jobs/

RB and folks were sacked after an Investigation.

Looks like a decent sized one at the end of May. I was asked for 2 names today. I have a peer in another old Tesmer team that had to give some too. Seems like it might be pretty good sized.

This bill would prohibit an employer from using an ADS to perform certain functions and would limit the purposes for and way in which an ADS may be used. The bill would authorize a worker to request, and require an employer to provide, a copy of the most recent 12 months of the worker’s own data primarily used by an ADS to make a disciplinary, termination, or deactivation decision, as specified. The bill would require an employer that uses an ADS to assist in making a disciplinary, termination, or deactivation decision to provide the affected worker with a written postuse notice, as specified.

https://www.yahoo.com/autos/ev-and-future-tech/articles/chinas-byd-ev-secures-over-010000775.html

https://www.statnews.com/2026/04/30/elevance-health-fraud-doj-says-access-blocked-key-witness/

https://giftarticle.ft.com/giftarticle/actions/redeem/57d09c6b-4e73-4df8-888c-debd123349ec