Boston Business Journal

Fidelity Investments laid off hundreds of employees this month

Fidelity Investments laid off 700 employees earlier this month.

On March 7, the Boston-based investment giant notified the affected employees that their "roles were being impacted."

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Fidelity did not disclose how many of the affected jobs were based locally, but said that the cuts affected less than 1% of Fidelity's total global workforce.

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