#commonwealthpier

Boston.com | Fidelity reorganizes its workplace with new hires — and a few cuts by Beth Treffeisen AI generated summary, Read the full article for complete information. Fidelity Investments announced a broad restructuring that will bring on thousands of new hires while trimming roughly 1 % of its global workforce—about 800 jobs out of 80,000 associates. The reorganization focuses on revamping its technology and product teams to accelerate tool development, opening 2,000 positions (including 400 tech‑ or product‑related roles) and shifting about 25,000 roles to a new Technology and Product Operating model, with an emphasis on early‑career, hands‑on engineering talent. The layoffs affect a small portion of the staff, though the company has not indicated whether any of its roughly 6,200 Boston employees are impacted. This move follows Fidelity’s recent mandate for a five‑day in‑office schedule and comes as the firm manages $7 trillion in assets—up 19 % from the prior year—and plans to maintain its main corporate office while transitioning workers to a new Commonwealth Pier campus later in the fall. Read more: https://www.boston.com/news/business/2026/05/11/fidelity-reorganizes-its-workplace-with-new-hires-and-a-few-cuts/ #FidelityInvestments #Bostoncom #CommonwealthPier #business

Boston.com | Fidelity to bring employees back to the office 5 days a week by Beth Treffeisen AI generated summary, Read the full article for complete information. Fidelity announced that starting in September, its Boston workforce will return to a full‑time, five‑day‑a‑week office schedule, ending its current hybrid arrangement. The company, which employs about 6,200 people in Boston and over 80,000 worldwide, says in‑person collaboration fosters mentorship, connection and learning essential to long‑term success. All Boston staff—except customer‑support phone roles—will adopt the new schedule, joining three other Fidelity sites (Merrimack, N.H., Kentucky, and New Mexico) and senior managers at all locations already working full time. To accommodate the shift, Fidelity will keep its main office at 245 Summer Street while preparing to move workers to the new Commonwealth Pier campus in the Seaport and is evaluating ways to expand space across its sites. This move mirrors a broader trend of large firms in the city reverting to full‑time office work, following similar decisions by Amazon and JPMorgan Chase. Read more: https://www.boston.com/news/local-news/2026/04/29/fidelity-to-bring-employees-back-to-the-office-5-days-a-week/ #Fidelity #JPMorganChase #CommonwealthPier #Boston #business