Sunday, November 04, 2007

Fidelity reportedly set to layoff as many as 200 workers


By Murray Coleman
Last Update: 9:25 AM ET Nov 1, 2007

SAN FRANCISCO (MarketWatch) -- Fidelity Investments, the Boston-based mutual-funds giant, has told some of its managers to begin letting employees in specific divisions know of impending layoffs, according to a report in The Wall Street Journal. The report, citing analysts and people close to the firm, also said that information technology and retirement services could be impacted. A source also told the paper that as many as 200 people might be notified of layoffs on Thursday. A company spokeswoman declined to comment


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