Fidelity Investments said Thursday it will cut nearly 1,300 jobs this month, with more layoffs to come early next year, in response to declining markets that have eroded mutual fund assets along with the fees Fidelity earns from its core business.

Layoff notices will go out to about 2.9 percent of Fidelity’s overall work force of 44,400. The cuts will be spread across the company’s far-flung U.S. operations, affecting management positions as well as lower-level jobs, said Anne Crowley, a spokeswoman for Boston-based, privately held Fidelity. No fund managers or analysts are being laid off, she said. (AP)

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