Fidelity Layoffs
Filed Under Business, Investment News |
Fidelity Layoffs are to begin from the mutual funds giant Fidelity Investments. The layoffs are expected to happen today, this comes from very close to the situation.
The Fidelity layoffs are projected to include around 200 people. Now this is not a large number of people considering the total number of people employed by Fidelity. The company employees roughly 44,000 people. The problem here lies in what is going to happen down the road? Will they continue to layoff people? Only time will tell, but we do know that they are planning to do some major reorganization within the company. The company issued a memo to employees last month stating that this was going to occur. Spokeswomen Ann Crowley provided a statement saying the company does not provide any comments on their staffing decisions.
Fidelity Investments (FAFEX) is the largest mutual fund firm in the United States. They currently have over 23 million clients and manage over $1.5 billion. As you can see the company is by no means going anywhere and the 200 people is not really a large enough number to really even jump about. If we see there are laying off 1,000 people next week then people might need to start thinking about what is really going on here. We will update you with any breaking news regarding the Fidelity Layoffs and Fidelity Investments.
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Tags: ann Crowley, fidelity investment, fidelity investments, fidelity layoff, fidelity layoffs, Interest Rates, Investments, Money, prime rate change, smartmoney, Stock Market, today's prime rate
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[...] Fidelity LayoffsThe Fidelity layoffs are projected to include around 200 people. Now this is not a large number of people considering the total number of people employed by Fidelity. The company employees roughly 44000 people. …thenewsleak.com [...]
I was one of the people layed off on Nov 1 by Fidelity. Trust me, from what I have seen going on there this is just the beginning. They have a ton of people there doing nothing every day. They actually make it a practice to offer employees voluntary time off EVERY day. At one point they were giving entire months off without pay because there was not enough work to go around. Does this sound like a company poised for growth? They actually have over 100 people who do nothing more than set up PIN numbers. What a huge waste of money. Fidelity claims to be an industry leader but they are in fact way behind the times in many of their approaches. They have a dedication to tradition which is going to cost them big time.