Fidelity Shrinks Workforce Locally And Globally
The Boston Globe: Boston based financier Fidelity Investments has cut its Massachusetts workforce by more than 25 percent since 2006. Globally, it has shed some…
investment firms
Scotttrade to Add 285 Jobs in Denver Area
Online investment firm Scotttrade is expanding and will add 285 jobs in the Denver area. Scotttrade, which was named one of Fortune’s 2010 “Best Companies…
BlackRock Eliminating Nearly 100 Jobs in San Francisco
BlackRock, scheduled to complete its takeover of Barclay's investment unit today, has said it will eliminate 89 jobs in San Francisco. This represents 1% of…
T. Rowe Price Lays Off 288
Baltimore-based investment firm T. Rowe Price has laid off 288, the firm's first major layoffs in eight years. The cuts affected call center employees, but…
Fidelity’s Markets Unit Adding Jobs as Rivals Shrink
The capital markets arm of mutual fund giant Fidelity Investments plans to expand its ranks of traders, sales and other staff by 20% this year,…
BlackRock Cuts 500 Jobs as Q4 Earnings Plunge 84%
BlackRock, the largest publicly-traded US asset manager, said Q4 earnings fell 84% as the firm cut 500 jobs and marked down the value of hedge-fund…
Chrysler Owner Cerberus to Cut 10% of Workforce
Cerberus Capital Management LP, the private-equity firm whose holdings include Chrysler, may cut its workforce by 10% amid a freeze in leveraged buyouts. Cerberus hasn't…
Marshall & Ilsley Cuts 8% of Headcount
MIlwaukee financial services firm Marshall & Ilsley posted a Q4 loss, and will cut jobs and slashing its dividend as it faces mounting loan losses.…