4,000 Could Lose Jobs at Fidelity

Fidelity Investments might lay off as much as 9%, or 4,000, of its 44,500 global workforce by early next year. That would be a considerable cut, on top of 1,000 who have been laid off in the past year through three rounds. Fidelity spokeswoman Anne Crowley dismissed the reports as mere "speculation" but said executives are assessing costs "to make sure they are correctly positioned for the future. Naturally, those reviews include an examination of all of our expenditures, as well as staffing."

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