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Fidelity Fires About 200 Workers for Abusing Company Benefits

  • Those dismissed took advantage of a computer purchase program
  • Mutual fund giant says the problem had no impact on customers
Bloomberg business news

Fidelity Investments Workers

Fidelity Investments has fired about 200 employees who were accused of abusing company benefits, according to a person familiar with the matter.

Fidelity had a program which reimbursed workers for 20 percent of the purchase of computer equipment up to $10,000. An audit found that some employees returned the equipment without reporting it, keeping the reimbursement allowance, said the person, who declined to be named.