Fidelity Investments plans to ramp up hiring by 21%

Fidelity Investments is planning to boost its workforce with the addition of more than 12K jobs by the end of Q3, according to a release Thursday. By comparison, Fidelity, which has 57K total staff and more than $4T in discretionary assets, said that it had hired 16.6K staff in 2021 and 7.2K in 2020. Meanwhile, 69% of the new jobs will consist of customer-facing positions and 14% will represent technology positions, the asset manager said. The move comes shortly after the firm made plans to allow investors to put Bitcoin (BTC-USD) in their 401(k) retirement accounts, making it the first retirement-plan provider to offer BTC exposure. On the other hand, financial services platform Robinhood Markets (HOOD) recently cut the number of full-time employees by 9%. Towards the end of March, Fidelity Investments started a unit to offer liquid alternatives.