February 3, 2009

Fidelity starts second round of layoffs

Filed under: finance,US — 7macaw @ 3:27 pm
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Fidelity Investments, the world’s biggest mutual fund firm, will begin a second round of job cuts on Tuesday as it to seeks to reduce its work force by 7 percent.

Citing the “unprecedented worldwide economic downturn”, Fidelity said in mid-November it would eliminate another 1,700 jobs in the first three months of 2009, bringing the total planned job cuts to 3,000. The company laid off 1,300 people in its first round of layoffs in November.

Source: Reuters

November 14, 2008

Fidelity Will Eliminate 1700 More Jobs in Early 2009

Filed under: finance — DF @ 11:38 pm
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Bloomberg: “Fidelity Investments, the world’s largest mutual-fund manager, will eliminate about 1,700 jobs in the first three months of 2009, adding to dismissals that started this week as it confronts an eroding asset base.”

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