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News site: Fidelity lays off hundreds

Union Leader staff
July 12. 2017 3:26PM

BOSTON — Fidelity Investments laid off hundreds Tuesday, according to Axios, an online news site.

The cuts come just a few months after the company offered voluntary buyouts to 3,000 employees 55 and older who have been with the company for at least 10 years, representing about 7 percent of its 45,000 workers. More than 1,500 people accepted the buyouts, the company confirmed Tuesday.

Fidelity Investments is one of New Hampshire’s largest employers. The company employs about 5,700 at offices in Merrimack and Nashua.

“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,” Fidelity Senior Vice President Vincent G. Loporchio told the Union Leader via email.

“I would note that we currently have hundreds of open positions that we are recruiting for nationwide — including in New Hampshire,” he said. “We are a very healthy company that continues to grow, and our record 2016 earnings underscore this fact. Beyond this, we actively manage our business and have not historically commented about hiring or reductions.”


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