The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Picks Up on Possible Fidelity Job Cuts Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 29, 2008

WSJ Picks Up on Possible Fidelity Job Cuts

by: Armie Margaret Lee

In Wednesday's Wall Street Journal Fund Track column, Jennifer Levitz picked up on media reports (see The MFWire, October 28, 2008) regarding possible job cuts of as many as 4,000 at Fidelity. Company spokeswoman Anne Crowley declined to say whether cuts were in the offing, but told The Journal that the company is "very stable, and very strong, but certainly these are extraordinary times."

Crowley said that overall, Fidelity's fund flows so far this year are still in positive territory due to investors shifting their money into fixed income and money-market products. In total, through September 30, Fidelity recorded $28 billion in net deposits to its funds and so far this month, deposits were also up, according to Crowley.

Meanwhile, UK's The Times reported that Fidelity is preparing to slash 400 jobs, or 10 percent of its workforce in the UK, Europe and Asia. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use