Fidelity announces extent of layoffs
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
Fidelity Investments laid off 550 workers this week, largely from its personal and workplace investing unit and human resource services unit.
The reduction in jobs resulted from the divisions’ restructuring efforts, said Anne Crowley, spokeswoman for the Boston-based fund firm.
The total jobs cut represented about 1% of the firm’s 46,000 employees.
“These business units have been involved in restructuring since the fall,” Ms. Crowley said.
In addition, some employees in the corporate human resource division, which serves Fidelity employees, were laid off.
About 70 of the layoffs were Massachusetts jobs, she said.
The rest were from other regions in the country and outside the United States.
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