Fidelity, who has just recently been shown here, has decided the very recent cut in staff would not be enough and has opted to remove 1,700 more employees off their books.
This case is a perfect example of the statements that allude to the reductions in clownsumer spending by those still employed. Just because someone had dodged a round of layoffs, they will still best be prudent since another round might be around the corner. This case it was just one week later. If you worked there and dodged both of these bullets, would you be out spending up a storm for the holidays?
Related:
Finance sector layoffs? Predictable as the sun rise.
Lost Golden Boys: Goldman Sachs to cut 10%
Master This! Big Credit Cards Taking Big Hit
Please keep your leggs inside the vehicle!
American Express Workforce Decimated - Literally
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