Thread regarding Fidelity Investments layoffs

Two rounds of layoffs

End of Q3 we will see first round of layoffs impacting enterprise group, which will include some architects, CL's, squad leads.
There's too much chatter going on to ignore, these are no longer rumors but confirmed cuts.

Q1 2026 will have another round of layoffs with summer street location moved to WTC.
If Fido doesn't reduce Boston count by at least 550, there will not be enough space for individuals, even with alternate week schedule.


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Post ID: @OP+1k2dbatjx

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There’s plenty of space in Covington, they could always just move jobs there.

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Post ID: @238+1k2dbatjx

We already know about Boston.

There's no way we can fit this headcount to WTC office.

Yet they're pushing for colocation nonsense.

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Post ID: @a2+1k2dbatjx

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