Thread regarding Fidelity Investments layoffs

Article on recent USA layoffs

https://riabiz.com/a/2024/3/12/fidelity-lays-off-700-not-for-costs-or-bad-performance-but-to-shift-headcount-and-hire-more-client-facing-and-tech-staff-touching-off-panic-posting-on-job-board

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Post ID: @OP+1rERhAIo

6 replies (most recent on top)

As someone who was laid off, I can assure you, the count is 5-6k. We were all given the age and positions of people who were let go.

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Post ID: @7wny+1rERhAIo

https://www.wsj.com/finance/investing/fidelity-investments-cuts-about-700-jobs-this-week-c76ed675/amp/I wrote down the total number of employees listed on fidcentral last week so let’s see what it is next Monday

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Post ID: @3hvd+1rERhAIo

https://www.forbes.com/sites/caileygleeson/2024/03/06/fidelity-international-laying-off-1000-employees-globally/amp/ If it’s 1000 international you know it’s 4X that domesticity, don’t believe the 700 number.

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Post ID: @1dim+1rERhAIo

https://www.wsj.com/finance/investing/fidelity-investments-cuts-about-700-jobs-this-week-c76ed675

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Post ID: @ytc+1rERhAIo

https://www.bloomberg.com/news/articles/2024-03-08/fidelity-cuts-about-700-jobs-its-first-reduction-since-2017?embedded-checkout=true

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Post ID: @wfi+1rERhAIo

https://www.pionline.com/money-management/fidelity-investments-trim-workforce-700

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Post ID: @otg+1rERhAIo

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