Fidelity Investments is requiring a large share of its U.S. workforce to return to the office five days a week starting in September, ending one of the more flexible hybrid policies in the financial sector, according to Investment News.
The new mandate affects about 21,200 employees across Boston, Merrimack, New Hampshire, Covington, Kentucky, and Albuquerque, New Mexico. Workers in phone-based customer service roles are excluded.
Boston Expansion Meets Return-To-Office Push
The decision comes as Fidelity prepares to open its new waterfront campus in Boston’s Seaport District later this summer. The development includes roughly 650,000 square feet of office space, retail, and public areas.
To support a larger in-office workforce, Fidelity has also backed away from plans to sublease parts of its existing headquarters near South Station and will now keep both properties fully operational.
The company said in-office work creates more opportunities for mentorship, collaboration, and learning.
Fidelity had previously allowed employees to work remotely for up to half of each month, making it more flexible than several competitors.
