Saturday, November 15, 2008

Fidelity adds 1,700 to job cuts

Mutual fund manager Fidelity Investments said Friday that it will cut 1,700 more jobs in the first three months of 2009 in the latest round of cost cutting

The Fidelity job cuts are the latest in a long string of layoffs and hiring freezes. As the U.S. economy has slowed, more companies are looking for ways to streamline their operations and keep costs low.

Prakash's Nice Graphic Signature

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