Fidelity Investments

Fidelity Investments is an international mutual fund company headquartered in Boston. The company provides a variety of investment management services.

Fidelity Investments announced in the fall of 2008 that it would cut about 3000 jobs. About 1300 of those job cuts took place the same year. The rest will occur during the first quarter of 2009. The company announced on February 3, 2009, that they will begin the second round the same day.Boston.com: Fidelity layoffs slated to start (February 3, 2009) WKRC-TV: PNC, Fidelity Announcing Layoffs (February 3, 2009)

In January 2009, the newspaper Boston Globe speculated that CEO Ned Johnson might be planning to sell the company. The paper based its speculations on the announced layoffs and the fact that many recently hired key executives don't live in Boston, but in New York City. Johnson has denied the rumors.Boston.com: Johnson leaves 'em guessing about sale (January 30, 2009) Investment News: Fido chiefs deny sales rumors (February 3, 2009)