Fidelity to cut 1,700 in next round of layoffs

Fidelity Investments will lay off another 1,700 employees early next year, in addition to the 1,300 workers it axed earlier this week.

Fidelity, which is feeling the aftershocks of the Wall Street debacle along with other financial firms, informed employees today that its second round of job cuts will be more severe than the first round implemented days ago.

The Boston-based mutual-fund company is still working on details of its second-round reductions, spokeswoman Anne Crowley said.


The company didn’t say how many Massachusetts employees will get pink slips.

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