Thread regarding Fidelity Investments layoffs

Suspension

Federal scrutiny of employment-based immigration has reached some of the largest technology employers in the country. The Labor Department is suspending PERM processing for Wipro, Microsoft, Capgemini, TCS, Cognizant, Adobe, HCL and Infosys, citing alleged program abuses and investigations.

https://www.clarin.com/us-news/will-h-1b-holders-be-deported-what-to-know-as-the-us-suspends-microsoft-and-adobe-from-green-card-labor-program_0_09ruWtaBzV.html


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| 563 views | | 24 replies (last 27 days ago) | Reply
Post ID: @OP+1m4ej828b

24 replies (most recent on top)

@1cs no. we are generally not making new hires now, even back fills. If we do make hires, it is AI, Data Science, hard to find expertise. These are going to contractors before more hiring though.

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Post ID: @1cy+1m4ej828b

@14q @14q meaning they will conduct an interview and get all details from candidate and keep him on hold until someone resigns?

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Post ID: @1cs+1m4ej828b

@14m labor check, so not a real listing. process starts over if an actual candidate is discovered

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Post ID: @14q+1m4ej828b

@bf "Demonostrate experience" means the position is for internal fill or for H1b visa?

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Post ID: @14m+1m4ej828b

@hn wrong, both are fidelity you need to look across all of our "companies"

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Post ID: @v1+1m4ej828b

@pp checkout this post https://www.thelayoff.com/t/1ks90dvey

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Post ID: @rv+1m4ej828b

@bf explains why i never get response to any of these job i apply

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Post ID: @pp+1m4ej828b

@g1
I was going to say the same.

Gotta be way more

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Post ID: @kn+1m4ej828b

Fidelity has stopped hiring new visa employees and even transfers. The numbers you see online are for existing employees extensions ( They are considered as new applications every time) . People often gets confused with that number and easy to get pumped up in this environment.

Even Microsoft clarified that out of 6000 visas, 400 were for existing employees extensions and not new hires.

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Post ID: @j9+1m4ej828b

@hc wrong....you need to use Fidelity Technology Group.

https://h1bhq.com/search?employerSlug=fidelity-technology-group-llc-d-b-a-fidelity-investments&fiscalYear=2026&pageSize=25

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Post ID: @hn+1m4ej828b

@c5 https://h1bhq.com/search?employerQuery=FMR&fiscalYear=2026&pageSize=25

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Post ID: @hc+1m4ej828b

@g1 Fidelity doesn't sponsor them. Body shops do. They are under the body shop.

I wouldn't be surprised if most visa workers hired by Fidelity come from contractors.

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Post ID: @g4+1m4ej828b

There must be more than 487 in Durham.

My area has that many all by itself.

How does Fidelity have so many Indians, but keep the 'official' numbers so low?

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Post ID: @g1+1m4ej828b

Someone needs to tip the feds to investigate Fidelity. They've been gaming the system since... Forever.

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Post ID: @fe+1m4ej828b

@d7 this is the way. They only hire them because they get a discount. Your equal opportunity argument is nonsense.

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Post ID: @f2+1m4ej828b

Fidelity has over 1k h1b records in 2026
Top worksite locations
Durham, NC
487
Westlake, TX
425
Merrimack, NH
60
Smithfield, RI
42
Boston, MA
36
Jersey City, NJ
34
Salt Lake City, UT
27
Covington, KY
6

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Post ID: @dq+1m4ej828b

Trump and republicans are going to make it where no one will hire Visa holders anymore. Just not worth it.

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Post ID: @d7+1m4ej828b

@c5 tech had many more hires in 2025 https://h1bhq.com/search?employerQuery=Fidelity+Technology+Group&fiscalYear=2025&pageSize=25

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Post ID: @ct+1m4ej828b

who got the max salary of $176,571. Thought they were supposed to be cheaper.

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Post ID: @ch+1m4ej828b

In 2025 we hired 15 with H1Bs

https://h1bhq.com/search?employerSlug=fidelity-brokerage-services-llc&fiscalYear=2025&pageSize=25

If you change the year to 2026, you'll see that we have 0 for 2026.

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Post ID: @c5+1m4ej828b

Fidelity won't be able to hide the "demonstrated experience" loophole for long to get PERM approved for a green card.

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Post ID: @bf+1m4ej828b

Election stunt to please his base

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Post ID: @ba+1m4ej828b

Fidelity is also no longer sponsoring or hiring those in need of sponsorship. Those that are actively employed are “safe” until the next RIF. There have been too many leaks

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Post ID: @ar+1m4ej828b

and?

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Post ID: @aq+1m4ej828b

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