Fidelity’s Move No Surprise Here
Really now, how could anyone be shocked that Fidelity is closing its Marlborough campus?
In shifting more than a thousand workers to corporate campuses in New Hampshire and Rhode Island, Fidelity is pursuing a policy of choosing to expand in lower cost states that goes back years now.
Fidelity’s job export strategy kicked off in earnest back in early 2006, when the company put into place plans to start moving employees form a Boston tower to a new campus then under construction in Rhode Island.
I know it well, having been the first to report the big move back when I was a business reporter at the Herald. I followed that with other stories of big Fidelity expansions in Texas and North Carolina.
The Globe more recently has begun to look at Fidelity’s job shifting strategy as well.
So I guess I have a hard time getting my mind around Gov. Deval Patrick’s comments that he was taken by surprise by Fidelity’s latest move.
To be fair, it did come as the governor was jet setting around the world on his big international trade mission.
But when it comes to Fidelity’s decision to limit its future expansion here in its home state, the writing has been on the wall for a very, very long time.
What’s surprising is that no one has bothered to read it.