Business & Finance
06 March 2024, 1:08 pm 1 minute
Reuters exclusively reported that fund management giant Fidelity International is planning to cut around 1,000 jobs globally in 2024, equivalent to around 9% of its headcount.
Market Impact
The cuts come at a bruising time for the wider fund management industry, which has struggled to retain client cash through a period of turbulent markets and higher interest rates that have driven investors into lower-risk or passive alternatives.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Financial Services
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story