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Fidelity plans to lay off 1,300 workers
- Source :
- Wall Street Journal. Europe. Nov 10, 2008, A40
- Publication Year :
- 2008
-
Abstract
- As part of a cost-reduction program, Fidelity Investments plans to reduce its workforce in November by 3% -about 1,300 jobs- and conduct a second round of layoffs early next year. It is estimated that Fidelity, which has $1.24 trillion in mutual fund assets, had net redemptions of $5.8 billion in October fueled by investor concerns over the state the mutual fund industry.
- Subjects :
- Fidelity Investments -- Human resource management
Fidelity Investments -- Finance
Fidelity Investments -- Planning
Fidelity Investments -- Company forecasts
Mutual fund industry
Company personnel management
Company financing
Company business planning
Company business forecast/projection
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.189669930