Fidelity Investments lays off 700 employees (2024)

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By Eva Thomas

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Less than a week after Fidelity International announced that it would be cutting 1,000 employees, Fidelity Investments - the Johnson family’s U.S. flagship - also cut about 700 jobs, a spokesperson confirmed to Citywire.

The company notified ‘certain associates’ last week that their roles were impacted, but did not specify which sectors of the business would be most affected.

The cuts affect less than 1% of the Boston-based Fidelity Investments’ global workforce, which has around 74,000 employees and $12.6tn in assets under administration.

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Fidelity Investments lays off 700 employees (2024)

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The firm did not specify which sectors of the business would be most affected by the cuts.

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Leave a comment

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