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BlackRock Trims Global Workforce by 3%

1 min read
Source: Reuters
BlackRock Trims Global Workforce by 3%
Photo: Reuters
TL;DR

BlackRock, the world's largest asset manager, plans to cut about 3% of its workforce, roughly 600 positions, as it aims to increase its growth trajectory through acquisitions. The company's CEO, Larry Fink, indicated that clients' cautious approach to investing has impacted the industry and BlackRock's third-quarter flows. Despite this, the firm is looking to expand and is expected to announce its fourth-quarter results soon.

Topics:businessfinance#asset-manager#blackrock#finance#financial-industry#job-cuts#workforce-reduction
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  1. BlackRock announces cuts of roughly 600 jobs  Reuters
  2. BlackRock Cuts 3% of Workforce, Citing Industry Changes  Bloomberg Television
  3. BlackRock cuts 3% of global staff, citing industry changes  CNN
  4. BlackRock (BLK) Cuts 600 Employees as It Reallocates Resources  Bloomberg
  5. BlackRock to Lay Off 3% of Global Workforce  The Wall Street Journal

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