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Fidelity to cut 1000 tech jobs while hiring engineers for faster product delivery
Startups
Published on 8 May 2026
It says the cuts aren’t cost cutting at all
Fidelity Investments plans to eliminate about 1,000 roles worldwide, affecting roughly 1% of its 80,000 global workforce. The company frames the move as part of a product and technology reorganization ahead of a new delivery model, while simultaneously hiring software engineers and product talent. Engineering and product teams shift to the new operating structure by June 1.
- Fidelity to cut about 1,000 jobs globally
- Layoffs target roughly 1% of its 80,000 workforce
- Company says the change is restructuring, not cost cutting
- Hiring continues, including entry-level engineering roles
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This summarization was done by Beige for a story published on 
Startup Talky