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Fidelity adds 1,700 layoffs in start of '09

Fidelity employs about 11,500 people in Massachusetts. Fidelity employs about 11,500 people in Massachusetts. (Lisa Poole/Associated Press)
By Beth Healy
Globe Staff / November 15, 2008

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Fidelity Investments yesterday detailed that its second round of planned layoffs will include 1,700 employees in the first quarter of 2009, or 4 percent of its workforce. The Boston-based investment giant let go of 1,300 people on Wednesday. Together, the layoffs will affect 7 percent of the firm's 44,400 employees, or 3,000 jobs, Fidelity said. (Full article: 300 words)

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