Six months in: Big changes for FIS, Stein Mart, CSX and TIAA

Some of the city’s largest employers added or cut jobs.


  • By Mark Basch
  • | 5:10 a.m. July 2, 2020
  • | 5 Free Articles Remaining!
Fidelity National Information Services Inc. intends to join the Jacksonville skyline with a new headquarters.
Fidelity National Information Services Inc. intends to join the Jacksonville skyline with a new headquarters.
  • Business
  • Share

With much of the world in a COVID-19 lockdown, 95% of Fidelity National Information Services Inc.’s 55,000 global employees were working from home this spring.

However, that didn’t slow the company’s plans to build a new headquarters on Riverside Avenue for its 1,200 Jacksonville employees and space to add 500 more.

The company known as FIS received a building permit for the $145 million project last week.

Other Jacksonville-based companies faced bigger impacts from the pandemic. Stein Mart Inc. closed its 281 stores in March and furloughed half of the 375 workers in its corporate offices before stores began reopening at the end of April.

The economic fallout from the pandemic caused a private equity firm to call off its planned buyout of the retail fashion chain.

While Stein Mart’s furloughs were temporary, some big companies had big permanent job cuts. CSX Corp. cut 86 jobs in a management realignment and TIAA is offering voluntary separation packages to 75% of its U.S. employees.

 

Sponsored Content

×

Special Offer: $5 for 2 Months!

Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.