Fidelity Investments to trim workforce by 700

[AntiFascist]

Source: Pensions & Investments

Fidelity Investments is trimming its U.S. workforce by 700 employees.

On March 7, Fidelity notified those employees, who span all of the money management giant's business units, that their last day at the firm would be March 31.
...
The move came on the heels of reports that Fidelity International, a separate company, was laying off 1,000 employees.

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

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An investment company handling your pensions is following suit.

[Silent Type]

1. Following trump's lead, and/or preparing for trump inspired severe recession/depression.

[dlk]

2. And so it begins...

n/t

[SunSeeker]

3. Well that is a bad sign for the economy.

Last edited Mon Mar 10, 2025, 11:41 PM - Edit history (1)

These are all good paying jobs that support whole families, like most of the federal jobs Trump eliminated. This will have terrible ripple effects on our economy: less spending by those laid off means this will hurt businesses, who will then need to lay people off...continuing a viscious cycle.

[BonnieJW]

8. Can someone tell me

If we should move our savings to foreign banks?
I mean, it sounds like our banks and financial institutions are going down.
I'm serious

[Wonder Why]

4. They're doing it a few weeks before Easter so that employees will have a

hard time finding available managers at a place where they are looking to be hired because of the holiday.

My company dumped thousands us just before Thanksgiving and I found a lot of managers were on vacation and hard to get a hold of when I tried to find another position in the company.
Then, again, they probably were just hiding from me.

[C Moon]

5. Great. :/

[BrianTheEVGuy]

6. On the plus side...

… Fidelity pays really well and offers generous severance. They’re unusual.

[58Sunliner]

7. That sucks.