I heard alot of layoffs in Fidelity Investments.
What could be the reason? On what base they layoff people?
People who got laid off their positions opened again for rehiring.

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Can’t speak to Fidelity investments but… sometimes when companies are trying to cut costs they just lay people off that are making too much money (tenured employees with a pension, etc.). Then shortly after they re-list the role with a lower salary band or make it contract only to avoid paying them benefits.

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A lot of companies have had layoffs since the start of the year. Depending on how many people where let go, they might have to wait for a few months before they can refill those positions. Though, in general, there will be fewer jobs after the layoff.

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