Does Fidelity's Reorganization Signal the Beginning of the End for 'Small-Team Agile'?

Longtime Slashdot reader cellocgw writes: Hiding inside another layoff report, Fidelity is reorganizing: “The changes are aimed at moving the teams away from an ‘agile’ makeup – comprising smaller, siloed squads – and toward larger teams built to move faster on projects.” OMG, as they say: “Sudden outbreak of common sense.” According to the Boston Globe, Fidelity is cutting about 1,000 jobs even as it plans to hire roughly 5,300 new workers, many of them early-career engineers.