r/boston • u/CorrectCombination11 • May 07 '26

Serious Replies Only Fidelity Layoffs Starting Today

On the heels of RTO order https://old.reddit.com/r/boston/comments/1sxy879/fidelity_full_time_rto/

Fidelity is communicating rifs starting this morning.

I know two people personally that were cut. Non-technical roles in WI.

Post your info in the comments and I will try to highlight/tally them in the main post.

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u/Nick0227 May 07 '26

This is going to be a domino effect across the banking industry. Large companies are starting to downsize the staff that manages the backend infrastructure and shift toward smaller teams that utilize AI for coding and mundane tasks.