Fidelity International to cut 1,000 jobs globally

Business and Finance

Reuters exclusive report Fund management giant Fidelity International plans to lay off about 1,000 people globally in 2024, equivalent to about 9% of its total workforce.

market impact

The cuts come at a difficult time for the wider fund management industry, which has been struggling Keep Customer Cash has experienced a period of market turmoil and rising interest rates, which has prompted investors to turn to less risky or passive alternatives.A

Article tags

Topics of interest: Business and Finance

type: Reuters Best

department: Financial Services

area: Europe

Winning type: exclusivity

Story type: exclusive/exclusive report

media type: text

Customer Impact: important national stories

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By Ali Raza

I am a dedicated and skilled News Content Writer with a passion for delivering accurate and engaging stories to a diverse audience. With a solid background in journalism and a keen eye for detail, I bring a commitment to excellence and a deep understanding of the evolving media landscape.

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