AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Fidelity cuts 500 jobs in India, relocates roles
ByAinvest
Tuesday, Jul 22, 2025 3:15 am ET1min read
Fidelity cuts 500 jobs in India, relocates roles
US-based financial services giant Fidelity Investments has eliminated 500 positions in India as part of a broader effort to rebalance its global workforce, according to sources familiar with the matter. The affected roles primarily involve Fidelity Workplace Investing, a division that partners with employers to provide comprehensive workplace benefits and retirement solutions. This decision reflects the company’s ongoing efforts to adjust staffing levels in response to evolving business priorities [1].Fidelity operates a Global Capability Center (GCC) in India, with offices in Bengaluru and Chennai, employing nearly 6,500 people. These centers support the firm’s global operations by providing services across technology, operations, analytics, and research. Despite the layoffs, Fidelity remains committed to maintaining its presence in India, having been in the country for over two decades. The company continues to hire talent in various regions, including India, to ensure the provision of the best products and services for its customers [1].
The layoffs come amidst a broader trend of global firms reassessing their talent distribution in response to changing trade, technology, business, and macroeconomic conditions. The tech industry has been particularly affected, with over 160 tech companies laying off more than 80,000 employees in 2025 alone, according to Layoffs.FYI. This trend highlights the human impact of layoffs and the challenges posed by the adoption of Generative Artificial Intelligence (Gen AI) and automation [2].
Fidelity’s decision to relocate roles to other locations worldwide is part of a larger strategy to optimize its global footprint. The company has been continuously evolving its ways of working and adjusting its workforce to support business priorities. As businesses continue to embrace AI and automation, many companies are reassessing their talent distribution and workforce management strategies [1].
References:
[1] https://www.moneycontrol.com/technology/fidelity-investments-cuts-500-jobs-in-india-amid-global-role-shift-article-13307407.html
[2] https://techcrunch.com/2025/07/16/tech-layoffs-2025-list/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet