Top firm said let hundreds of employees go on Tuesday

Moving Out

Making adjustments to their staffing levels ?

Bloomberg News reports that mutual-fund giant Fidelity Investments let hundreds of employees go Tuesday, according to a report by website Axios, which didn’t say where it got the information.

Adam Banker, a spokesman for the Boston-based firm, responded in an e-mailed statement that the company doesn’t comment about hiring or reductions.

"From time to time, our individual businesses may be making adjustments to their staffing levels; some may be adding employees while others may be reducing," Banker said in the statement. "We currently have hundreds of open positions that we are recruiting for nationwide."

Hit the link below to access the complete Bloomberg News article:

Fidelity Dismisses Hundreds of Workers, Axios Reports

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