Fidelity Investments has announced a reduction of approximately 1% of its global workforce as part of an ongoing technology reorganization. The staffing changes are scheduled to take effect on June 1, according to a company spokesperson.
The move is part of a broader restructuring effort within the investment management firm’s technology and product divisions. While the company did not disclose the exact number of employees affected, the 1% figure reflects a significant shift within Fidelity’s global operations.
Despite the workforce reduction, Fidelity plans to expand its technology and product teams later this year. The company stated it intends to hire 1,300 additional employees in these areas by the end of 2026.
The spokesperson emphasized that the reorganization is aimed at aligning the company’s workforce with its evolving business priorities and continued investment in technology. Fidelity has not released further details regarding specific departments or locations impacted by the cuts.
Fidelity Investments is one of the largest investment managers globally, and changes to its workforce are closely watched within the financial services industry.
