has eliminated roles in its enterprise cloud computing group, according to two people familiar with the matter, and the move comes after the group saw senior leadership exits earlier this year.
Boston-based Fidelity is one of the world's biggest asset managers, and also has massive brokerage and retirement plan operations. The job cuts come as brokerages and asset managers have been facing intense pressures when it comes toThe job cuts were first announced in October, one of the people said, and will be effective at the end of December. Business Insider could not confirm each location the cuts impacted.
Fidelity, which is privately held, has 10 regional offices and some 40,000 employees in North America, Europe, Asia, and Australia. It had assets under administration of $8.2 trillion, including discretionary assets of $3.1 trillion, as of November 30, 2019. The firm is helmed by chief executive Abigail Johnson, the third generation of the founding family to lead Fidelity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How Industry Convergence Can Work For, Not Against, Your BusinessE-commerce companies are becoming cloud computing giants with thriving side businesses in brick-and-mortar retail. CroweUSA Should have tweeted this as promoted content. The “article” is clearly a presser/white paper directly from Crowe. No other sources or perspectives in the “article.” That’s advertising not reporting. I even got served an ad for Crowe while reading. Lowered my opinion of Forbes.
Source: Forbes - 🏆 394. / 53 Read more »
JMP Securities adtech exec makes 2020 M&A predictions - Business InsiderAd-supported streaming services and measurement firms will be hot acquisition targets next year, according to JMP Securities' Elgin Thompson.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Lessons on success from a Facebook exec, Harvard professor, and top VC - Business InsiderHere's what I discovered about success this year, including how to spot opportunities for innovation and how to prevent burnout at your company.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider ranks the 11 best movies of 2019 - Business InsiderFrom 'The Irishman' to 'Knives Out,' here is a look back on the movies that we found to be the best of the year. The Irishman sucked. Full stop 🛑 No Endgame, yikes. Joker isn't in the list? Ok..
Source: BusinessInsider - 🏆 729. / 51 Read more »
These are the digital media predictions we got right in 2019 - Business InsiderAt the end of 2018, Business Insider Intelligence laid out five digital media predictions for 2019 — here's a look at ones that hit the mark.
Source: BusinessInsider - 🏆 729. / 51 Read more »