Fidelity International cuts 1,000 jobs on 'challenging economic environment'

Spread globally

Fidelity International is set to cut 1,000 jobs across the full global footprint of the company, with the redundancies spread across all business lines.

According to a Fidelity International spokesperson, the "more challenging economic environment" has led the business to evaluate its cost base. Fidelity International replaces Anne Richards with platform boss as president This has resulted in job losses across more than 25 locations, across business lines including the investment platform. A spokesperson said the move was to ensure future resilience and offer "additional flexibility and agility to innovate, invest and provide capabilities to our clients which differentiate us from the rest of the industry". They added: "Our over...