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#fidelity · How AI Is Reshaping Work

Tracking how AI is reshaping roles, departments, and industries — updated daily.

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Archive:

Fidelity, May 7: Cuts ~1,000, Queues 5,300 New Hires Including 2,000 Early-Career Engineers, and Insists AI Had 「Nothing to Do With It」 — Boston Globe on May 11 Re-reads the Move as an AI Supply-Bottleneck Bet

On May 7, Fidelity announced ~1,000 cuts at 1% of its 80,000-person workforce, scrapped its agile-squad model, and queued 5,300 new hires — 2,000 of them early-career. The company says AI played no role. The Boston Globe's May 11 follow-up disagrees.

May 11, 2026 —

#fidelity#layoffs#abby-johnson