Fidelity Investments is laying off 550 workers, most of them among its 5,700-employee facility in Merrimack, N.H., where mutual fund and human resource customers are served, according to various reports.

Fidelity Spokeswoman Anne Crowley said the layoffs occurred as a result of restructuring in the customer service department. Other workers, meanwhile, are relocating in Albuquerque, N.M.

The cuts are in the Personal and Workplace Investment and human resources divisions, and are part of Fidelity President Rodger Lawson’s plans to trim spending and reorganize the firm.

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