The £305bn asset manager confirmed it had introduced a “voluntary separation programme” in a statement after an internal email sent last week asking staff to consider redundancy was leaked.
Portfolio managers, analysts and traders are not among the affected staff members.
Fidelity said the cuts would create a “leaner business for the future”.
In a statement, a spokesperson said: “As our business continually adapts to meet the needs of our international client base, we wish to ensure that we are able to respond quicker to client needs by having a leaner, more agile and less bureaucratic organisation.
“We also want more flexibility to bring in new skills so we can broaden and deepen our offering to clients in the future.
“While we anticipate some overall cost savings, the programme is intended to enable us to introduce new skills into areas where we want to broaden or deepen our offering to clients.”
The job losses come amid growing pressure on asset managers to make savings as costs soar, fees are cut and regulatory pressures bite.
