Fidelity cuts 800 while hiring thousands, also ends remote work

Fidelity Investments cut about 800 employees, or 1% of staff, on May 7-8 as it reorganized technology and product teams, while also saying it plans to fill more than 2,000 openings, mostly junior engineering roles. It also ordered 25,000 employees in Boston and elsewhere back to the office five days a week from September.