Fidelity Makes Another Round of Layoffs

This article is more than 12 years old.

Boston-based Fidelity Investments is cutting jobs for the third time in less than a year.

The mutual fund giant has not detailed how many positions will be eliminated, but it says they will amount to a "very small percentage" of its worldwide workforce.

Workers are being let go from a division that handles pensions, and a unit that handles payrolls for Fidelity employers. Jobs in human resources are also being cut.

Fidelity has not said how many jobs eliminated or how many will come in Massachusetts.

This program aired on June 5, 2008. The audio for this program is not available.