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TechFlow news, according to Bloomberg, Fidelity Investments has laid off approximately 700 employees this week—the first such layoffs in seven years for the company.
A Fidelity spokesperson said in an email statement on Friday that the move affects less than 1% of its workforce. As of the end of last year, the company had around 74,000 employees.
Fidelity is still hiring and currently has nearly 2,000 open positions in "key business areas."
Fidelity Investments cut about 700 jobs this week, its first layoffs in seven years, according to Bloomberg News. The move affected less than 1% of employees, a Fidelity spokesperson said Friday in an email statement. The company had approximately 74,000 employees at the end of last year. Fidelity remains actively hiring, with nearly 2,000 open positions in "critical business areas."
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