Thread regarding Fidelity Investments layoffs

Market in the toilet = layoffs

Worst week since 2008, which was the last time there were deep layoffs at the company. PAS / mutual fund revenue just took a 20% haircut in the last few months. Money markets are the new cash cow, but is it enough to keep the ax from coming down?

| 1747 views | | 2 replies (last )
Post ID: @OP+WKgvOSw

2 replies (most recent on top)

I pulled a huge chunk of my accounts out of Fidelity when Ned left. Glad I did before all the good employees are gone.

Post ID: @8wdv+WKgvOSw

Thinking same.

Post ID: @1knx+WKgvOSw

Post a reply