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The hiring plans, which were first reported by Bloomberg News, are in stark contrast to most other financial firms such as Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) that have cut jobs to prepare for a potential recession.
Fidelity’s announcement follows a strong year for hiring at the Boston, Massachusetts-based company, after the addition of 17,000 associates brought its headcount to 68,000.
In its annual report published on Wednesday, the company posted a record-high 2022 revenue of $25.2 billion, up 5% from the year before. Operating income of $8 billion was 1% lower than 2021.
