Upon laying off 1,300 people last week, Fidelity Investments indicated that another 1,700 will lose their jobs in the first quarter of 2009, bringing the tally of layoffs to 3,000, or 7% of the workforce.


Whereas mostly support personnel along with a few managers were cut in the first round, the upcoming second layoff round could count research and investment management personnel among the casualties, Fidelity indicated.

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