In the modern working environment, job-related stress has become a common issue that threatens the well-being of the workforce in many companies worldwide. Drawing on the employee embeddedness perspective, this study examines how job-related stress impacts employees’ hedonic workplace well-being. A structural model has been developed and tested on the dataset comprising 193 professionals in IT consulting services in Vietnam. The findings indicate the positive effects of perceived job fit and organizational links on employees’ hedonic workplace well-being. Moreover, job-related stress affects hedonic workplace well-being directly and indirectly through perceived job fit. However, job-related stress does not impact perceived organizational links, a significant driver of well-being. Theoretical and practical implications are then discussed.