Fidelity to cut nearly 1,300 jobs this month
Fidelity Investments will cut nearly 1,300 jobs, or 2.9 percent of its staff, this month and plans more layoffs in the first three months of next year, the world's biggest mutual fund company said on Thursday.
A Web site for mutual fund news has reported that Fidelity Investments plans to cut 4,000 jobs nationwide, or nearly 9 percent of its work force, an estimate that the company called ``purely speculative.''