The Fidelity Team: A Comprehensive Overview Of Employee Numbers

Fidelity Investments is an American multinational financial services corporation, offering financial products and services to over 40 million individuals. As of 2023, the company had over 74,000 employees, with plans to hire 16,000 more in 2021. The company is headquartered in Boston, Massachusetts, and was founded in 1946 by Edward Johnson II. Today, the company is managed by the Johnson family, who own 49% of the company, with the remaining 51% owned by employees.

In 2021, Fidelity announced plans to hire 16,000 employees, including 9,000 in the second half of the year

Fidelity's hiring plans for 2021 included roles in technology and client-facing positions. The company aimed to enhance its digital asset trading experience and create new products. This was in response to a boom in retail investing, with no-fee trading and a steady bull market enticing new investors to brokerage firms.

Fidelity's announcement reflected its commitment to meeting the evolving financial needs of its customers and staying ahead in the dynamic world of investing. The company's decision to expand its workforce underscored its focus on innovation and delivering value.

The planned recruitment drive was also a testament to Fidelity's resilience and growth during the challenging economic landscape of the early 2020s. With its far-sighted approach, Fidelity aimed to strengthen its position in the market and better serve its diverse customer base.

In 2024, Fidelity laid off 700 employees, less than 1% of their total workforce

In March 2024, Fidelity Investments laid off 700 employees, less than 1% of their total workforce of over 74,000. This decision was not made due to financial constraints or poor performance but was instead intended to shift the company's focus towards hiring more client-facing and tech-oriented staff.

Fidelity's spokesperson stated that the company was "still hiring talent in critical business areas with nearly 2,000 open roles." This move aimed to ensure that Fidelity remains competitive and can continue to meet the evolving needs of its customers, even during periods of growth.

The layoffs at Fidelity followed a period of rapid expansion, with the company hiring approximately 24,000 new associates across 2021 and 2022. This growth contributed to a significant increase in revenue and operating income, with revenues up 12% to $28.2 billion and operating income up 6% to $8.5 billion in 2023.

Fidelity Investments, a multinational financial services corporation based in Boston, Massachusetts, has a strong presence in the United States and several other countries. With over 75,000 associates worldwide, the company provides financial planning, advice, and educational resources to millions of individuals, helping them achieve their financial goals.

Fidelity's diverse businesses and independence allow the company to gain insights into the entire market and make long-term decisions that benefit its customers and clients. The company's commitment to innovation and meeting the changing needs of its customers has been a key driver of its success and growth over the years.

In 2023, the company's Boston headquarters became the nerve centre for a soon-to-be 72,000-people business

The company's presence extends beyond Boston, with operations located at 4 Gateway Regional Center in Salt Lake City and other regional sites across the globe, including India and Ireland. In total, the company has a global presence in 11 countries across North America, Europe, Asia, and Australia.

Fidelity Investments is known for its dynamic and integrated benefit programs for employees, including retirement savings, health and welfare, stock plan services, and student loan repayment programs. The company's commitment to its employees and customers is evident through its diverse businesses and independence, allowing it to gain insight into the entire market and make sound judgments for the long term.

The company's strong performance in recent years, with revenue increases and positive business results, has been attributed to favourable market conditions and higher interest rates. This success has enabled Fidelity Investments to continuously innovate and expand its operations, solidifying its position as a leading financial services provider.

In 2024, Fidelity was recognised as one of Glassdoor's Best Places to Work

In 2024, Fidelity Investments was recognised as one of Glassdoor's Best Places to Work, ranking 6th overall. This recognition was based solely on reviews by current and previous associates, with ratings focusing on key workplace experience elements like culture and values, benefits, growth opportunities, diversity and inclusion, and more.

Fidelity's placement on the list can be attributed to its strong showing in several areas important to employees. Notably, the company was praised for its benefits, diversity, and work-life balance. This is in line with the company's efforts to enhance life at Fidelity for its associates, ensuring that it is a place where people can start and grow their careers.

Fidelity's diverse businesses and independence give it insight into the entire market and the stability and scale needed to act in the long term. The company's commitment to its people is evident in its willingness to invest in their growth and well-being. With over 75,000 associates worldwide, the company has a global presence spanning 11 countries across North America, Europe, Asia, and Australia.

Fidelity's placement on Glassdoor's list is a testament to its positive work culture and its dedication to creating a supportive and inclusive environment for its employees. The company's values of innovation, customer focus, and long-term thinking have guided its approach to people management, and it continues to enhance its offerings to attract and retain top talent.

Fidelity's recognition as one of the Best Places to Work by Glassdoor in 2024 is a significant achievement and reflects the company's commitment to creating a positive and inclusive workplace culture that supports the growth and well-being of its associates.

In 2024, the company had over 4,000 employees in India

In 2024, the American multinational financial services corporation, Fidelity Investments, had over 4,000 employees in India. This number represents a fraction of the company's global workforce, which stood at over 74,000 employees as of March 2024. The company's presence in India began in 2004 with the opening of an office in Mumbai. Today, India is home to the company's second-largest software development facility, located in Bangalore and Chennai.

Fidelity Investments, formerly known as Fidelity Management & Research (FMR), was established in 1946 and is headquartered in Boston, Massachusetts. The company is one of the largest asset managers in the world, offering a wide range of financial products and services to its clients. As of September 2024, Fidelity had $5.8 trillion in assets under management and $15.0 trillion in assets under administration.

The company has a global presence spanning 11 countries across North America, Europe, Asia, and Australia. In addition to its offices in India, Fidelity also has a significant presence in other countries, including the United States, Canada, Japan, and several countries in Europe. The company's largest U.S. operations are located in Merrimack, New Hampshire, and it has recently expanded its presence in Texas, Florida, and other states.

Fidelity Investments has a unique ownership structure, with the founding Johnson family owning 49% of the company and the remaining 51% held by various current and former employees. The company has a strong focus on innovation and meeting the evolving needs of its clients, which has driven its hiring decisions and business strategy. In 2021 and 2022, the company hired approximately 24,000 new associates, demonstrating its commitment to investing in talent and growing its business.

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