Fintech Firm Fidelity National Information Downsizes 2,600 Jobs As Part Of Restructuring: Report

Fidelity National Information Services, Inc FIS has eliminated 2,600 staffers as new CEO Stephanie Ferris continues her strategic review.
The fintech giant slashed 2% of the company's full-time workforce, including 1,000 contractors, in recent weeks, Bloomberg reports.
The job cuts are part of Ferris's plan to deliver at least $500 million in cost savings in coming quarters and win back investor confidence, the report adds.
Ferris assumed charge in December. "We are taking a hard look at every aspect of our company to define areas for change and develop specific action and improvement plans," Ferris said earlier.
FIS's shares fell over 35% in the past year.
In January, FIS added Lee Adrean, a former Equifax, Inc EFX executive, and Nuance Communications Inc CEO Mark Benjamin to its board.
Fintech rival PayPal Holdings, Inc PYPL shared plans to reduce headcount by ~7%, or 2,000 employees.
Price Action: FIS shares traded higher by 2.42% at $78.65 on the last check Thursday.