Fidelity Investments is planning to increase its workforce strength. According to the latest update, the company is planning to onboard 4000 people for various roles.
Hiring for new job roles is expected to be completed by midyear. Fidelity’s hiring announcement has come at a time when other investment companies are sacking their employees amid economic uncertainty and softening financial markets.
Currently, the Boston-based company has a staff strength of 68,000. The new positions will focus on customer service and technology.
Fidelity’s hiring decision has come at a time when tech and other companies are on a firing spree. Companies are bracing themselves for a harsh awakening as the economy cools down and customers curb their spending. They reduced nearly 60,000 jobs in the month of January 2023 alone, cutting back on the hiring spree that surged during the pandemic. From Google and Microsoft to Amazon and Salesforce, the largest tech companies have already announced cuts for this year.