Fidelity To Reassess Ambitious Hiring Plan

Fidelity Investments is taking a second look at its ambitious hiring plans, which have already increased the mutual fund company’s job rolls by 14 percent this year.

The company said it intends to keep hiring, but that all its business units are reviewing whether they need more people. The company may scale back its plans to add 1,500 jobs this year.

“Some may determine that their hiring needs may not be as great as they predicted at the beginning of the year,” said spokesman Scott Beyerl.

Beyerl said Fidelity already has added more than 2,500 jobs companywide this year.

“We have hired 300 new people in just the past two weeks, and currently we have more than 1,500 open (positions) and we’re actively recruiting and we continue to hire,” he said.